At TOKEN2049, OKX Reveals the X Layer Roadmap
The roadmap aims to strengthen the ecosystem’s infrastructure, launch a native stablecoin, and foster innovation through a multi-million-dollar developer fund. Xu also addressed the role of memecoins, emphasizing caution and quality over hype
Building Core Infrastructure
The USDG stablecoin, which is anticipated to launch in the upcoming weeks, is the main emphasis of the first phase. Cryptocurrencies known as stablecoins, which are based on established currencies like the US dollar, offer consistent value and are frequently used for lending, trading, and payments. By developing USDG, X Layer hopes to provide a dependable exchange inside its ecosystem and provide the groundwork for upcoming applications in decentralized finance.
Leading protocols like Arbitrum, Uniswap, Balancer, and Chainlink will be included in the second phase. The Ethereum ecosystem is supported by these platforms, which offer cutting-edge features including secure price feeds, decentralized trading, scalable smart contracts, and liquidity management. Uniswap, for instance, manages billions of dollars in trade volume every day, making it an essential tool for users of decentralized finance. OKX hopes to establish a strong and compatible ecosystem that can accommodate a variety of financial services and products by connecting X Layer with these protocols.
In order to assist developers and entrepreneurs built on X Layer, a $100 million Vision Fund will be deployed in the third phase. An on-chain developer conference is one aspect of this project where attendees can receive immediate benefits for their contributions to the ecosystem. Xu underlined that OKX will avoid projects with fraud risk or unsustainable excitement and instead favor memecoins that are well-managed and have long-term promise.
More About OKX
OKX announced that accessing Plasma has never been easier. Their decentralized exchange now allows users to swap $XPL seamlessly, offering the best price routes across all Plasma DEXs.
Tokens from EVM-compatible chains, like as USDT and XPL, can be bridged by traders with little difficulty. The software offers users a full toolkit to manage and maximize their trading experience, including portfolio tracking and professional-grade charting.
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