OKX, a number one Web3 know-how firm, has taken a big stride ahead. As we speak, they introduced a groundbreaking collaboration with DODO, an progressive on-chain liquidity supplier.
This partnership marks the combination of DODO with X1, OKX’s superior Zero Information (ZK) Layer 2 community primarily based on Ethereum. X1, recognized for its excessive efficiency and safety, leverages the capabilities of the Polygon Chain Growth Equipment (CDK), setting a brand new commonplace in blockchain know-how.
DODO, distinguished by its Proactive Market Maker (PMM) algorithm, affords personalized Automated Market Makers (AMMs) that align with particular liquidity wants and buying and selling methods. This integration heralds a brand new period of liquidity pool entry and buying and selling alternatives throughout the X1 ecosystem for DODO customers.
The collaboration paves the way in which for enhanced consumer expertise, showcasing OKX’s dedication to fostering an inclusive and expansive Web3 neighborhood.
X1 Testnet: A Hub for Innovation and Collaboration
Since its inception in November 2023, the X1 testnet has develop into a beacon of innovation, attracting over 50 tasks to its platform. Famend names like QuickSwap and Galxe are a part of this rising community, reflecting the colourful collaborative spirit throughout the Web3 area.
The mixing of DODO with X1 affords customers and builders a novel alternative to delve into the functionalities of OKX’s Layer 2 community in a secure and managed atmosphere. This transfer isn’t just a technological development but in addition a step in direction of constructing a extra interconnected and environment friendly blockchain ecosystem.
X1 stands as OKX’s native community, aiming to attach customers and builders with the most important blockchain ecosystems globally. This user-friendly protocol, designed for Web3 builders, creators, and fanatics, makes use of ZK proofs to make sure unparalleled safety and scalability whereas minimizing transaction prices.
What units X1 aside is its compatibility with Ethereum, enabling seamless and safe deployment of EVM-based decentralized purposes (DApps). The community’s versatility extends to a wide selection of sensible contracts, wallets, and instruments, enhancing its attraction to a broad consumer base.
Increasing Horizons in Blockchain Know-how
The collaboration between OKX and DODO, ensuing within the integration of DODO with the X1 testnet, signifies a big leap in blockchain know-how. This partnership not solely enhances the capabilities of each platforms but in addition demonstrates OKX’s dedication to pioneering developments within the Web3 area.
By offering a various vary of buying and selling methods and liquidity choices, this integration empowers customers to leverage the total potential of decentralized finance.
