blockchainreporter.net
OKX, a leading Web3 technology company, has taken a significant stride forward. Today, they announced a groundbreaking collaboration with DODO, an innovative on-chain liquidity provider.
This partnership marks the integration of DODO with X1, OKX’s advanced Zero Knowledge (ZK) Layer 2 network based on Ethereum. X1, known for its high performance and security, leverages the capabilities of the Polygon Chain Development Kit (CDK), setting a new standard in blockchain technology.
DODO, distinguished by its Proactive Market Maker (PMM) algorithm, offers customized Automated Market Makers (AMMs) that align with specific liquidity needs and trading strategies. This integration heralds a new era of liquidity pool access and trading opportunities within the X1 ecosystem for DODO users.
The collaboration paves the way for enhanced user experience, showcasing OKX’s commitment to fostering an inclusive and expansive Web3 community.
X1 Testnet: A Hub for Innovation and Collaboration
Since its inception in November 2023, the X1 testnet has become a beacon of innovation, attracting over 50 projects to its platform. Renowned names like QuickSwap and Galxe are part of this growing network, reflecting the vibrant collaborative spirit within the Web3 space.
The integration of DODO with X1 offers users and developers a unique opportunity to delve into the functionalities of OKX’s Layer 2 network in a safe and controlled environment. This move is not just a technological advancement but also a step towards building a more interconnected and efficient blockchain ecosystem.
X1 stands as OKX’s native network, aiming to connect users and developers with the largest blockchain ecosystems globally. This user-friendly protocol, designed for Web3 builders, creators, and enthusiasts, utilizes ZK proofs to ensure unparalleled security and scalability while minimizing transaction costs.
What sets X1 apart is its compatibility with Ethereum, enabling seamless and secure deployment of EVM-based decentralized applications (DApps). The network’s versatility extends to a wide array of smart contracts, wallets, and tools, enhancing its appeal to a broad user base.
Expanding Horizons in Blockchain Technology
The collaboration between OKX and DODO, resulting in the integration of DODO with the X1 testnet, signifies a significant leap in blockchain technology. This partnership not only enhances the capabilities of both platforms but also demonstrates OKX’s dedication to pioneering developments in the Web3 domain.
By providing a diverse range of trading strategies and liquidity options, this integration empowers users to leverage the full potential of decentralized finance.