On Friday, the Indian cryptocurrency exchange CoinDCX released Okto, a mobile app for decentralized finance (DeFi), to assist crypto users in switching to DeFi. To make crypto successful in India, users must migrate to Web3 and DeFi, which is currently very difficult to access, co-founder Neeraj Khandelwal said. As he pointed out, the concept of seed phrases and private keys is crucial to understanding, something that is difficult for the average person to comprehend. In addition, the information must remain secure. Moving assets between chains can be complicated to understand for a novice and are rife with risks. Welcoming the newest member to the family @Okto_app 🐙 — CoinDCX: Making Crypto Accessible to Indians (@CoinDCX) August 26, 2022 Secure DeFi Navigation Through DeFi Mobile App By providing access to the top liquidity pools in DeFi, Okto aims to enable users to “securely navigate DeFi and access thousands of tokens from numerous DEXs across chains,” “exchange cryptocurrency anytime, anywhere, and maximize their profits.” CoinDCX expects Okto will give users access to more than 100 protocols and 20 chains as a completely native mobile app constructed over months by a team of 50 while also pursuing openness in the spirit of assisting “people make educated judgments regarding risks.” The product lacks a key because all that is needed from users to access it is a simple email address and phone number, which are secured us...
