TechFlow news, on October 2, Star Xu, founder and CEO of OKX, delivered an opening speech at the X Layer offline event "Building X Layer - Co-Starting the Genesis Night with DeFi Giants."
Star said he was deeply grateful for the enthusiastic support from the community and guests, which made the team feel a strong sense of responsibility. As an open company, OKX views building open blockchain networks as one of its top strategic priorities, and plans to make X Layer a key infrastructure for OKX Wallet and the exchange.
Star outlined that the development of X Layer will proceed in three phases:
Phase One focuses on integrating stablecoin projects such as Tether and USDG onto X Layer. In the near future, users will be able to hold stablecoins in OKX Wallet and earn annual percentage yields (APY) of 4%-5%.
Phase Two involves partnering with leading industry projects including Aave, Uniswap, Balancer, and Chainlink, making these major protocols part of X Layer's infrastructure.
Phase Three will reward outstanding projects through a series of incentive programs. Star stated that OKX has allocated a $100 million "OKX Vision Fund" and will support the most successful projects through multiple rounds of initiatives, ensuring the community will not be disappointed.
In addition, OKX plans to build on-chain derivatives and payment markets on X Layer, with results to be rolled out over the coming months. The X Layer team will focus on product development, technical optimization, and community engagement to drive steady ecosystem growth.
