Star discusses the blueprint for X Layer construction: advancing in three phases, with a prepared $100 million "OKX Vision Fund" to support quality projects

ChainCatcher news, OKX founder and CEO Star Xu delivered the opening speech at the offline event "Building X Layer - Co-initiating the Genesis Night with DeFi Giants." Star expressed his gratitude for the enthusiastic support from the community and guests, which made the team feel a significant sense of responsibility. As an open company, OKX considers building an open blockchain network as one of its top strategic priorities and plans to make X Layer an important infrastructure for OKX Wallet and the exchange.

Star introduced that the construction of X Layer will be divided into three phases: the first phase focuses on integrating stablecoin projects into X Layer, such as Tether and USDG. In the near future, users will be able to hold stablecoins in OKX Wallet and enjoy an annualized yield (APY) of 4%-5%. The second phase involves collaborating with top industry projects, including Aave, Uniswap, Balancer, Chainlink, etc., to make these leading protocols part of the X Layer infrastructure. The third phase will reward outstanding projects through a series of incentive activities. Star stated that OKX has prepared a "OKX Vision Fund" of $100 million and will support the most successful projects through multiple rounds of activities, ensuring that the community is not disappointed. In addition, OKX plans to build an on-chain derivatives market and an on-chain payment market on X Layer, with results to be presented in the coming months. The X Layer team will focus on product development, technical optimization, and community communication to promote the steady development of the entire ecosystem.