Flash News: OKX Welcomes Range Protocol’s Integration with OKX’s Layer 2 Testnet
SINGAPORE, Feb. 07, 2024 (GLOBE NEWSWIRE) — OKX, a leading Web3 technology company, has issued updates for February 7, 2024.
OKX Welcomes Range Protocol’s Integration with OKX’s Layer 2 Testnet
OKX today announced that Range Protocol, a leading provider of on-chain trading strategies, has added support for the testnet version of OKX’s Layer 2. OKX’s Layer 2 is a highly performant and secure network, leveraging the robust capabilities of the Polygon Chain Development Kit (CDK). The integration of Range Protocol with OKX’s Layer 2 offers users and developers the opportunity to explore the capabilities of OKX’s Layer 2 network in a controlled environment.
The deployment of Range Protocol on OKX’s Layer 2 testnet kicks off with liquidity provisioning strategies on Quickswap’s pools. This not only enhances yield for liquidity providers, but also guarantees robust and deep liquidity for traders.
Since its launch in November 2023, OKX’s Layer 2 testnet has attracted a variety of innovative projects, such as Quickswap, Galxe and D8X, fostering innovation and collaboration within the Web3 community. OKX’s Layer 2 serves as OKX’s new native network, with the goal of providing users and developers access to the world’s biggest blockchain ecosystems.
OKX’s Layer 2 serves as OKX’s new native network, with the goal of providing users and developers access to the world’s biggest blockchain ecosystems. It is a state-of-the-art, user-friendly protocol designed for builders, creators and Web3 enthusiasts. OKX’s Layer 2 utilizes ZK proofs, ensuring high security and scalability while reducing transaction costs. The network is compatible with Ethereum, allowing seamless and secure deployment of EVM-based DApps. It also provides connectivity with a wide range of smart contracts, wallets and tools.
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About OKX
A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including:
- OKX Wallet: The world’s most powerful, secure and versatile crypto wallet which gives users access to over 80 blockchains while allowing them to take custody of their own funds. The wallet includes MPC technology which allows users to easily recover access to their wallet independently, removing the need for traditional, ‘written down’ seed phrases. In addition, OKX Wallet’s account abstraction-powered Smart Account enables users to pay for transactions on multiple blockchains using USDC or USDT, and interact with multiple contracts via a single transaction.
- DEX: A multi-chain, cross-chain decentralized exchange aggregator of 300+ other DEXs and approximately 15 bridges, with 200,000+ coins and more than 20 blockchains supported.
- NFT Marketplace: A multi-chain, zero-fee NFT marketplace that gives users access to NFT listings across seven top-tier marketplaces including OpenSea, MagicEden, LooksRare and Blur.
- Web3 DeFi: A powerful DeFi platform that supports earning and staking on about 70 protocols across more than 10 chains.
OKX partners with a number of the world’s top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.
As a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology.
To learn more about OKX, download our app or visit: okx.com
