OKC, a public blockchain independently developed by the world-leading digital asset exchange OKX, is pleased to announce its partnership with the Waves ecosystem.
Waves protocol, at a glance
Launched in April 2016, the Waves protocol is an open blockchain that provides a diversified development toolset for Web 3.0 decentralized solutions. The protocol supports developers seeking secure, reliable and scalable environments to build decentralized applications.
The protocol’s core development team is now aiming to leverage cross-chain technology solutions to enhance the scalability and efficiency of DeFi products and drive adoption.
Details of the OKC x Waves partnership
Waves and OKC share similar design philosophies and development plans that facilitate future synergies. To achieve deeper inter-chain connectivity, OKC’s partnership with the Waves ecosystem also involves — apart from the Waves protocol itself — two other protocols, Gravity and Neutrino, and spans the following areas:
Connecting OKC to more public blockchains
The Gravity protocol, a blockchain-agnostic oracle system and a cross-chain infrastructure powered by Waves, will connect OKC with other public blockchains in its network.
Building a cross-chain DeFi ecosystem
Being the core component of Waves’ cross-chain ecosystem, the Gravity protocol will enable OKC to transfer assets across multiple blockchains. In order to build a cross-chain DeFi ecosystem, OKC will be able to connect public blockchains like Ethereum, TRON, Solana and Waves via SuSy, a cross-chain gateway built on top of the Gravity protocol. Assets issued by OKC users will also be listed on decentralized exchanges such as waves.exchange.
Enabling cross-chain asset transfer
Assets in the Waves ecosystem, such as WAVES, USDN, NSBT, WEST and other tokens, could be used and listed on decentralized exchanges and swaps built using OKC.
This will also be achieved via Gravity protocol’s cross-chain gateway and will result in traders and developers from both ecosystems being able to exchange, hold and use tokens issued on both, the Waves protocol and OKC.
Providing developer-friendly tools
Gravity can provide decentralized oracle services for OKXchain’s users. In addition, OKT, the native token of OKC, can be used to provide economic incentives for Gravity’s users. For OKC developers, the Gravity protocol provides a handful of off-chain information that helps them to develop multi-functional applications.
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