We are thrilled to announce our collaboration with OKExChain, an exciting blockchain community created by OKEx, the leading cryptocurrency spot and derivatives exchange. This collaboration marks the latest in a series of important collaborations for both Dfyn and OKExChain, as both projects look to expand the rapidly growing DeFi ecosystem
Dfyn has launched an AMM node on OKExChain, enabling the official launch of the Dfyn Exchange on the blockchain. This is going to be the second Dfyn Exchange launch after the launch of Dfyn’s AMM on Polygon which gathered over $200 million in TVL. This collaboration is another step in Dfyn’s journey to becoming a multi-chain AMM. Over the next few months, DFYN nodes will expand to other popular chains. Subsequent to the integration with Router Protocol’s impending mainnet, these DFYN nodes will subsequently communicate with each other as well as with other AMMs as well as various other DeFi platforms that are emerging across various blockchains.
We have launched our second AMM node on OKExChain and provide our users with direct access to its burgeoning ecosystem. The Dfyn Ecosystem will be released on OKExChain in phases.
First Phase: Functional AMM which has now launched. The AMM is now integrated with the Dfyn Exchange network and is able to support swaps on OKExChain. Currently, the best way to add liquidity on the Dfyn AMM on OKExChain will be via OkEx Exchange which allows withdrawals to OKExChain wallets.
Second Phase: The second phase will be an interconnected phase and an implementation of the Router Protocol. The mainnet of Router Protocol is launching soon and is going to support OKExChain. Leveraging Router Protocol’s XCLP, the community will be able to bridge $DFYN and $ROUTE tokens to seamlessly enter the OKExChain ecosystem. This will enable us to create various farming events and add many other functionalities that will benefit both $DFYN and $OKT token holders.
Third Phase: The third phase will focus on user acquisition, TVL expansion, and community building. Will have an array of farming activities aligned carefully to bootstrap liquidity on the Dfyn node. It will also have prediction markets and trading competitions.
We will also announce the dates for future airdrops to reward our active users.
Similar to the adoption witnessed in the Polygon community, we are confident that DFYN on OKExChain will shortly become a leading DApp in the OKEx ecosystem, and will result in a number of the Dapps that are currently in Polygon and other chains moving over and cross-pollinating with the OKExChain ecosystem
OKExChain is open-source, public blockchain technology developed by OKEx for building blockchain-based trading applications. It is designed to establish a safe and efficient decentralized finance architecture that can be used to create a decentralized exchange, or DEX, that features community-based operations, transparent trading rules and allows the users to control their own assets.
Dfyn is a multi-chain AMM DEX currently functional on the Polygon network. Dfyn nodes on various chains act as liquidity entry and exit points into the cross-chain liquidity super mesh that is being enabled by Router Protocol.
Telegram Announcements: https://t.me/dfynofficial
About Router Protocol
Router Protocol is building a suite of cross-chain liquidity infra primitives that aims to seamlessly provide bridging infrastructure between current and emerging Layer 1 and Layer 2 blockchain solutions.
Telegram announcements: https://t.me/router_ann