What is OKC?
OKC onboards SushiSwap and DeBank
A progress report of OKC development for May 2021
OKC is an open-source, trading-focused blockchain protocol developed by OKX. It can be used as a platform to build decentralized applications, including decentralized exchanges. For more detailed information, check out our detailed guide to OKC.
OKC’s decentralized-finance ecosystem grew rapidly in May 2021.
First and foremost, OKC onboarded 10 DeFi protocols — most notably, decentralized exchange SushiSwap and lending protocol Flux. Additionally, OKC secured DeBank, DeFiLlama and APY123DeFi as data service partners.
OKC also onboarded four new wallet partners and welcomed SharkTeam as a security partner.
Project of the month: WePiggy
WePiggy is a DeFi asset-lending market protocol built on the Ethereum blockchain. In May, it launched on OKC’s mainnet as part of its multi-chain deployment plan. WePiggy Coin is the governance token of WePiggy, and it goes by the ticker WPC.
WePiggy hosted a “WePiggy’s Billionaires” campaign to celebrate its launch on OKC. The top 298 participants who mined the most WPC tokens during the campaign were eligible to win WePiggy’s “LuckyPiggy” — a nonfungible token co-branded by OKC. The campaign ended successfully, and the rewards were distributed on June 10.
During the recent Ask Me Anything session with the OKC community, WePiggy CEO Ron Zheng stated that security is the top priority of the protocol’s development. Zheng added that all WePiggy’s functions on OKC’s mainnet have been audited by SlowMist. The team also launched Operational Ark, a security enhancement solution that caters to extreme scenarios — such as flash-loan attacks and front-end attacks.
Zheng believes both the OKC and WePiggy team share the same vision for blockchain security. Zheng further elaborated that, compared to Ethereum, OKC attracts a wider group of users seeking low transaction fees.
The core developers of WePiggy are also impressed by OKC’s solid infrastructure and diversified project-related services. Zheng noted that “with the help from OKC’s team, our developers have easy access to marketing, customer service, ecological resources, and liquidity support.”
As of the time of this writing, WePiggy has $41 million worth of assets locked and has a borrowing volume of $15 million on OKC.
For all of the details on OKC’s monthly development, please refer to our new two-pager below: