BlockBeats News, October 2nd, OKX Founder and CEO Star Xu delivered the opening speech at the “Build X—Genesis Night with DeFi Giants” themed event during the X Layer Launch Event. Star expressed his sincere gratitude for the enthusiastic support from the community and guests, which also made the team deeply feel the weight of responsibility on their shoulders.
As an open company, OKX considers building an open blockchain network as one of its top strategic priorities and plans to make X Layer a key infrastructure for OKX Wallet and exchange. Star outlined that the construction of X Layer will occur in three phases:
In the first phase, the focus is on integrating stablecoin projects into X Layer, such as Tether and USDG. In the near future, users will be able to hold stablecoins in the OKX Wallet and enjoy an annualized yield of 4%-5% (APY).
In the second phase, collaboration with top industry projects, including Aave, Uniswap, Balancer, Chainlink, etc., to make these leading protocols part of the X Layer infrastructure.
In the third phase, rewarding outstanding projects through a series of incentive activities.
Star mentioned that OKX has prepared a $100 million “OKX Vision Fund” and will support the most successful projects through multiple rounds of activities, never disappointing the community. Additionally, OKX plans to build on-chain derivatives markets and on-chain payment markets on X Layer, with results expected to be gradually revealed in the coming months. The X Layer team will focus on product development, technological optimization, and community communication to drive the steady growth of the entire ecosystem.
