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OKExChain successfully launches mainnet, onboards more partners

2021.02.05 OKEx

A progress report for OKExChain development in the month of January 2021

OKExChain is an open-source, trading-focused blockchain developed by OKEx that can be used as a platform for decentralized applications, including decentralized exchanges. For more detailed information, check out our guide to OKExChain


January 2021 marked an important milestone for OKExChain as the mainnet was officially launched on Jan. 15. To offer users a better liquidity-mining experience, the Swap and Farm modules of OKExChain were launched on Jan. 22.

The OKExChain ecosystem has seen rapid growth and has onboarded 10 new digital wallets and security-related partners. 

Summary

OKExChain's mainnet successfully launched

OKExChain's mainnet was successfully launched on Jan. 15 at 12:00 pm UTC.

The mainnet was upgraded to v0.16.3 on Jan. 27. The current version of the mainnet has fixed a bug pertaining to the reporting of unusual transactions, and it has added a function to prohibit fund transfers to the system contract.

There are 21 validators and 16 candidate nodes on the network. Validators such as ChainUP Labs, Nebulous Nova and X-DUCK launched innovation funds to foster the growth of the OKExChain ecosystem. Meanwhile, DappBirds and Cosmostation created voting tools for OKExChain validator elections.

The full list of validators and candidate nodes for OKExChain's mainnet may be found here. To apply to be an OKExChain validator and ecosystem partner, please submit your application to [email protected].

Ethereum Virtual Machine available to OKExChain testnet developers

The OKExChain testnet was upgraded to v0.16.3 and enabled Ethereum Virtual Machines for developers. 

The EVM smart contract module in the OKExChain testnet completed its first round of stress-testing. The module will begin the second round of stress-testing in February.

OKExChain launched its Farm and Swap modules

The Farm and Swap modules of OKExChain were launched successfully on Jan. 22.

OKEx Farm launched its first white-listed liquidity pool, OKT/USDT, on Jan. 26. Users supplied OKT/USDT LP tokens to mine OKT. The total value staked in the OKT/USDT pool surpassed $100 million with a 359.55% APY.

There were five white-listed pools in OKEx Farm as of late January — namely OKB/USDT, OKB/OKT, OKT/USDT, BTCK/OKT and ETHK/OKT. Users can stake their corresponding LP tokens to mine OKT as rewards.

For OKEx Swap, there were 12 trading pairs with a combined total asset value of over $200 million. The Swap module also added the white-list pool functionality in its API.

OKExChain onboarded 10 new partners

Following the mainnet launch on Jan. 15, the OKExChain ecosystem grew rapidly — onboarding new digital wallets and security partners.

For digital wallets, the OKExChain team announced new strategic partnerships with BitKeep, TokenPocket and Cosmostation. The partnerships enable users to connect their digital wallets directly to the OKExChain mainnet, OKEx DEX and OKEx Swap. OKExChain has onboarded nine digital wallet partners to date.

OKExChain currently has a total of nine digital wallet partners. Source: OKEx

Apart from digital wallets, the OKExChain team onboarded seven new security partners, such as SlowMist, PeckShield and Certik. 

OKExChain currently has seven security partners. Source: OKEx

About OKExChain

Official OKExChain website: https://okex.com/okexchain
Official website for OKEx DEX: https://www.okex.com/dex/spot/trade
Official website for OKEx Swap: https://www.okex.com/dex/swap
Official website for OKEx Farm: https://www.okex.com/dex/farm
OKExChain technical community: https://t.me/okexchaintech
OKExChain documentation: https://okexchain-docs.readthedocs.io/en/latest/
GitHub: https://github.com/okex/okexchain

Disclaimer: This material should not be taken as the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions. Trading digital assets involve significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.

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