Okto, a decentralised finance (DeFi) wallet application, has pledged a five million dollar treasury fund to support Vauld users, a crypto exchange which recently suspended all trading, withdrawal, and deposit activities on its platform.
According to an official release, Okto has introduced an exclusive two percent bonus for users who choose to transfer their assets from Vauld to Okto. In addition to this offer, Okto has seemingly brought a self-custody assurance to its users, prioritising their control over their assets. With this wallet, users can gain complete ownership of their private keys. Moreover, users can reportedly have 24×7 access to monitor their assets.
“While this five million dollar fund represents one of our initiatives to support the crypto ecosystem, our vision is to empower the Web3.0 community through cutting-edge technology-backed platforms and applications designed to tackle the challenges within the ecosystem. I believe Okto was founded with a mission: to address the balance between security, convenience, and custody. Okto’s mission has been to provide users with a secure and user-friendly application, and we aim to strive to achieve this objective,” Neeraj Khandelwal, founder, Okto, said.