OKX Forms X Layer Developer Group to Boost Technical Support and Partnerships
During a live event, OKX’s Star Xu confirmed stablecoin APY offerings, $100 million Vision Fund support, and upcoming on-chain derivatives to expand X Layer’s ecosystem.
CORE
Fact Check
The evidence strongly supports the statement's core claims. Multiple sources confirm that OKX is actively fostering its X Layer ecosystem through numerous partnerships (e.g., with Tether, Supra, Frax) and by building a dedicated team. Job postings for a 'Sr Business Development Manager, Ecosystem' explicitly state the role's purpose is to onboard projects, develop partnerships, and provide service to partners and builders. While the specific name 'X Layer Developer Group' is not found in the evidence, the formation of a dedicated team (the Ecosystem team) with the exact goals of boosting technical support and partnerships is well-documented.
Summary
OKX officially announced a three-phase development plan for its X Layer blockchain, presented by CEO Star Xu at a live event. The strategy includes stablecoin integration with yields of 4%-5%, collaboration with leading DeFi protocols, and incentive programs for high-quality projects. OKX has pledged $100 million through its Vision Fund to support innovation and plans to introduce on-chain derivatives and payment markets in the coming months. This press release highlights the company’s commitment to positioning X Layer as a core infrastructure for OKX Wallet and exchange.
Terms & Concepts
- X Layer: A blockchain or layer framework associated with OKX, aimed at enabling decentralized application development and protocol integration.
- DeFi Protocols: Decentralized finance protocols that offer financial services such as lending, borrowing, and trading without traditional intermediaries.
- OKX Vision Fund: A $100 million fund launched by OKX to support and incentivize outstanding blockchain projects on the X Layer network.