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OKExChain testnet upgraded to v0.12.3, liquidity-mining development reaches completion

2020.11.04 OKEx

A monthly OKExChain progress report for October 2020

OKExChain is a public blockchain initiative developed by OKEx that comprises a set of open-source chains that can be used as a platform for decentralized applications, including DEXs. For more detailed information, check out our guide to OKExChain


October saw various developments in the OKExChain ecosystem.

First and foremost, the OKExChain testnet has been upgraded to v0.12.3.

Secondly, after nearly two months of research and development by our developer community, the OKExChain liquidity-mining Farm module and the OKExChain Swap module have been developed, and the first round of testing has been completed.

Additionally, the joint-test of the AMM Swap module on OKEx DEX has been completed. The AMM Swap module has four core functions: 

  1. Creating token liquidity pools
  2. Adding liquidity
  3. Removing liquidity
  4. Token swapping 

At the same time, it also provides API interfaces the ability to query token prices and liquidity.

OKExChain Swap is composed of a series of OIP-20 tokens issued through the token module. If there is no pair for an OIP-20 token, anyone can use the “okexchaincli tx swap create-pair" interface to create it. 

Furthermore, the development of the EVM smart contract feature is 30% completed. The EVM of Ethermint has been integrated into OKExChain, and the code has also been incorporated. The chain-start, block-deployment and ABCI interface are under normal operation.

Summary 

OKExChain testnet upgraded to v0.12.3

OKExChain's testnet upgrade to v0.12.3 primarily optimized the AMM swap module by improving error checking and error messages. It also set the minimum baseToken consumption amount of "Add Liquidity" to 10^-8.

Additionally:

OKExChain Swap's first test is now 100% complete

OKExChain Swap has been developed and is currently in its testing phase.

Notably, 46 bugs were found — 38 were fixed and the remaining eight will be fixed soon.

EVM smart contract development has reached 30% completion

After extensive research on the Ethermint project, the community has fully grasped and understands how to utilize and integrate the EVM and Cosmos mechanisms.

The Integrated EVM of Ethermint into OKExChain and its code have been incorporated. The chain-start, block-deployment and the ABCI interface are operating normally. You can read more about it here: https://github.com/okex/okexchain/tree/okexchain-evm

OKExChain's liquidity-mining Farm function development has reached 100% completion

While testing is currently underway, all functions of the code development and unit testing have reached 100% completion, and the Farm module's code has been 100% optimized. Additionally, various bugs have been fixed.

About OKExChain

OKExChain technical community: https://t.me/OKExChaintech
OKExChain official website: https://okex.com/OKExChain
OKEx DEX official website: https://okex.com/dex-test
Link to receive test coins: https://okex.com/drawdex
OKExChain documentation: https://OKExChain-docs.readthedocs.io/en/latest/
OIP: https://oips.readthedocs.io/en/latest/

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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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