OKX CEO Star Xu Unveils Three-Phase Strategy for X Layer, Backed by $100M Vision Fund
On the X Layer offline, the CEO of the OKX Star Xu has said that the strategic precedence of the company is the institution of an open blockchain community. He confirmed that the Ethereum Layer 2 rollup, X Layer, would be the fundamental infrastructure of the OKX Pockets and trade.
Three Phases of X Layer
Xu had a three-step roadmap. Part one will embody stablecoins reminiscent of Tether (USDT) and USDG. The trade already partnered with Tether to attach the USDT0 to X Layer, the pockets, and the trade. Part two hyperlinks the big DeFi protocols like Aave, Uniswap, Balancer and Chainlink. It’s the truth is the transfer that opens lending, commerce and oracle companies of X Layer. Part three begins incentive applications. Subsequently, builders and tasks that function on X Layer will likely be rewarded by the Imaginative and prescient Fund, a 100 million fund supplied by OKX.
Function of the Imaginative and prescient Fund
This 100 million greenback funding fund is known as the OKX Imaginative and prescient Fund and can enable a number of rounds of incentives. It would assist in initiating startups, protocols and groups that develop the X Layer ecosystem. Xu alleged that the fund was a sign of the dedication of the long-term expertise growth of OKX reasonably than short-term profit-making.
X Layer is an Ethereum Layer 2 roll up. It saves on prices, additionally will increase velocity and interoperability. It’s used along with Particle Community pockets instruments and zkStack safety modules. The OKX/ OKB token is now the X Layer fuel token. X Layer will likely be built-in with the pockets and trade of OKX. The customers will obtain a secure entry to cross-chain swaps, stablecoins and DeFi apps.
Market Place
OKX is the second largest globally by way of quantity of commerce. The X Layer method additionally improves its Web3 and Decentralized Finance. Tether, Aave, and Uniswap are related to extend liquidity and adoption. The OKX is a competitor to Binance and Coinbase within the Layer 2 competitors due to the Imaginative and prescient Fund.
OKX is confronted with regulatory points. It suspended withdrawals and gave up Mainland China within the years 2020 and 2021. It’s at the moment headquartered in Hong Kong and Malta, although world laws should still make a distinction. In October two, 2025, X Layer is in its section one. USDT integration is energetic. DeFi will work with Aave, Uniswap, Balancer and Chainlink. Incentive schemes will come after this. Xu additionally known as the brand new cash chain the X Layer, which is a hybrid of stablecoins, DeFi, and Web3 and run on one scalable platform.
