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Dfyn Partners with OKExChain to Launch an AMM Node

byKelvin Maore
June 28, 2021
in Blockchain News

Dfyn recently launched an AMM on Polygon, collecting 200 million dollars in TVL. Now, the platform is joining hands with OKExChain to launch another AMM node. With the integration, the platform will get one step closer to become a cross-chain AMM.

In the coming years, Dfyn will spread its nodes to other chains as well. Dfyn nodes will be integrated into Router’s upcoming mainnet while also possessing the capability to interact with additional AMMs. Moreover, they will also be capable of upcoming DeFi apps and platforms across the network.

Dfyn will use OKExChain to launch the second AMM node. It will allow Dfyn users to access its growing ecosystem directly. It will be released in three major phases.

The First Phase

The phase is live right now as the AMM is launched. It is integrated with Dfyn and is supporting swaps on the OKExChain network. The ideal method for users to add liquidity on the AMM is using the OKEx exchange since it supports withdrawals to personal OKExChain wallets.

The Second Phase

The phase will see the nodes being integrated into the Router Protocol. Router is about to launch its mainnet, and using its XCLP will help users bridge $ROUTE and $DFYN tokens smoothly integrated within the OKExChain network. It will help them develop multiple farming events and create new features to benefit both OKExChain and Dfyn token holders.

The Third Phase

The primary focus of the phase is community building, TVL expansion, and user acquisition. During the phase, projects will provide a wide range of farming activities to facilitate liquidity on Dfyn nodes. It will even offer trading competitions and prediction markets.

Dfyn will announce any upcoming updates and their dates to active users. The platform showcases great confidence due to the success its recent integration with Polygon garnered. The development witnessed Dfyn scoring over 200 million dollars in Total Value Locked.

The integration will see Dfyn become a leading dApp on OKEx. It will also help dApps on the Polygon network or any other chain to move over and cross-breed within the OKExChain network. The community is welcoming the integration, and it is expected to bring new opportunities to the table.

Dfyn recently concluded its AMM launch on Polygon, which helped them collect over $200 million worth of Total Value Locked. Now the platform is set to launch its AMM on OKExChain, a unique blockchain community developed by OKEx. The integration will occur in three phases, and Router Protocol’s upcoming mainnet will be involved in it as well. Every phase will focus on a different purpose, and given the success, Dfyn has experienced in recent months, the latest integration is expected to render esteemed results.

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Kelvin Maore

Kelvin Maore

Kelvin M. Maore is a seasoned crypto market analyst with half a decade of hands-on expertise. Through concise updates and a creative flair for storytelling, he demystifies blockchain developments, guiding readers confidently through every market twist.

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