Swap and Stake on OKX DEX
Challenge
Swap and Stake: This is a common operation in DeFi, especially in liquidity provisioning. A user might want to swap Token A for Token B on a decentralized exchange like Uniswap. After receiving Token B, the user may wish to stake these tokens in a yield farming protocol to earn rewards. This operation involves at least two steps: the swap transaction and the staking transaction.
Widget Implementation
This interaction has three steps:
- Approve to spend USDT tokens
- Swap USDT tokens for OKT tokens
- Stake OKT tokens
Results
All of these multi-step operations can be complex and confusing, especially for new users. That's why tools that can simplify these operations, like the OKcontract's multi-step widgets, can be valuable. They make DeFi more accessible and user-friendly, which can help drive the adoption of DeFi.