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<p class="is-style-lead">OKX has announced a new feature that allows users to lock their <a href="https://crypto.news/price/bitcoin/" data-type="URL" data-id="https://crypto.news/price/bitcoin/" rel="noopener noreferrer nofollow">bitcoin</a> or BRC-20 tokens in return for BRC20-S tokens.</p> 
<p>This feature offers an additional service for users hoping to enhance their experience within the ecosystem.</p> 
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   <p lang="en" dir="ltr">Do more with <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a><br><br>Stake BRC-20 tokens and earn yield right from the <a href="https://twitter.com/hashtag/OKXWallet?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#OKXWallet</a> <br><br>Available on desktop, coming soon to the OKX app.</p>— OKX (@okx) <a href="https://twitter.com/okx/status/1681620145725386753?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 19, 2023</a> 
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<p>By locking up their bitcoin or <a href="https://crypto.news/brc-20-token-standard-spurs-meme-coin-frenzy-on-bitcoin/" rel="noopener noreferrer nofollow">BRC-20</a> tokens, users receive BRC20-S tokens as rewards. The BRC20-S standard extends the prevalent bitcoin token standard, representing OKX’s approach in the digital currency sphere.</p> 
<p> You might also like: <a href="https://crypto.news/okxs-monthly-reserves-report-shows-over-11-3b-in-crypto-holdings/" rel="noopener noreferrer nofollow"> OKX’s monthly reserves report shows over $11.3b in crypto holdings </a> </p> 
<p>Moreover, <a href="https://crypto.news/tag/defi/" data-type="URL" data-id="https://crypto.news/tag/defi/" rel="noopener noreferrer nofollow">DeFi</a> developers and projects have the opportunity to harness the BRC20-S protocol. They can establish staking pools and distribute BRC20-S tokens to the holders of bitcoin and BRC-20 tokens. </p> 
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<p>OKX has also announced plans to unveil a marketplace dedicated to BRC20-S tokens. This platform could provide users with another interaction layer with these digital assets.</p> 
<p> Read more: <a href="https://crypto.news/okx-introduces-brc-30-token-standard-for-bitcoin-and-brc-20-token-staking/" rel="noopener noreferrer nofollow"> OKX introduces BRC-30 token standard for bitcoin and BRC-20 token staking </a> </p>

OKX introduces staking-like function for BTC and BRC-20 tokens

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