OKExChain Monthly Report — August 2021
OKExChain onboards SushiSwap and DeBank
A progress report of OKExChain development for May 2021
OKExChain is an open-source, trading-focused blockchain protocol developed by OKEx. It can be used as a platform to build decentralized applications, including decentralized exchanges. For more detailed information, check out our detailed guide to OKExChain.
OKExChain's decentralized-finance ecosystem grew rapidly in May 2021.
First and foremost, OKExChain onboarded 10 DeFi protocols — most notably, decentralized exchange SushiSwap and lending protocol Flux. Additionally, OKExChain secured DeBank, DeFiLlama and APY123DeFi as data service partners.
OKExChain also onboarded four new wallet partners and welcomed SharkTeam as a security partner.
Project of the month: WePiggy
WePiggy is a DeFi asset-lending market protocol built on the Ethereum blockchain. In May, it launched on OKExChain's mainnet as part of its multi-chain deployment plan. WePiggy Coin is the governance token of WePiggy, and it goes by the ticker WPC.
WePiggy hosted a "WePiggy's Billionaires" campaign to celebrate its launch on OKExChain. The top 298 participants who mined the most WPC tokens during the campaign were eligible to win WePiggy's "LuckyPiggy" — a nonfungible token co-branded by OKExChain. The campaign ended successfully, and the rewards were distributed on June 10.
During the recent Ask Me Anything session with the OKExChain community, WePiggy CEO Ron Zheng stated that security is the top priority of the protocol's development. Zheng added that all WePiggy's functions on OKExChain's mainnet have been audited by SlowMist. The team also launched Operational Ark, a security enhancement solution that caters to extreme scenarios — such as flash-loan attacks and front-end attacks.
Zheng believes both the OKExChain and WePiggy team share the same vision for blockchain security. Zheng further elaborated that, compared to Ethereum, OKExChain attracts a wider group of users seeking low transaction fees.
The core developers of WePiggy are also impressed by OKExChain's solid infrastructure and diversified project-related services. Zheng noted that "with the help from OKExChain's team, our developers have easy access to marketing, customer service, ecological resources, and liquidity support."
As of the time of this writing, WePiggy has $41 million worth of assets locked and has a borrowing volume of $15 million on OKExChain.
For all of the details on OKExChain's monthly development, please refer to our new two-pager below: