OKX, a number one Web3 know-how firm, has taken a major stride ahead. Right now, they introduced a groundbreaking collaboration with DODO, an revolutionary on-chain liquidity supplier.
This partnership marks the mixing of DODO with X1, OKX’s superior Zero Data (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 customary in blockchain know-how.
DODO, distinguished by its Proactive Market Maker (PMM) algorithm, affords custom-made 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 group.
X1 Testnet: A Hub for Innovation and Collaboration
Since its inception in November 2023, the X1 testnet has change into a beacon of innovation, attracting over 50 initiatives 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 combination of DODO with X1 affords customers and builders a singular alternative to delve into the functionalities of OKX’s Layer 2 community in a secure and managed surroundings. This transfer is not only a technological development but additionally a step in the 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 biggest 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 functions (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 major leap in blockchain know-how. This partnership not solely enhances the capabilities of each platforms but additionally 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 complete potential of decentralized finance.
