{"id":193840,"date":"2021-06-28T14:00:41","date_gmt":"2021-06-28T13:00:41","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=193840"},"modified":"2021-07-18T19:09:56","modified_gmt":"2021-07-18T18:09:56","slug":"dfyn-expands-to-okexchain-with-new-amm-node","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/dfyn-expands-to-okexchain-with-new-amm-node\/","title":{"rendered":"Dfyn expands to OKExChain with new \u2018AMM\u2019 node"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Dfyn Network, the multichain, low-fee automated market maker (AMMs) exchange, has launched its second AMM node on OKExChain, as per a <\/span><a href=\"https:\/\/dfyn-network.medium.com\/dfyn-announces-the-launch-of-an-amm-node-on-okexchain-9cba4aaa8e4e\"><span style=\"font-weight: 400;\">release<\/span><\/a><span style=\"font-weight: 400;\"> last week.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We are thrilled to announce our collaboration with <a href=\"https:\/\/twitter.com\/OKExChain?ref_src=twsrc%5Etfw\">@OKExChain<\/a>, an exciting blockchain community created by <a href=\"https:\/\/twitter.com\/OKEx?ref_src=twsrc%5Etfw\">@OKEx<\/a> ?<\/p>\n<p>Dfyn has\u00a0launched an AMM node\u00a0on OKExChain, enabling the official launch of the Dfyn Exchange on the blockchain ?<\/p>\n<p>More details ?<a href=\"https:\/\/t.co\/C4fFfzBVY3\">https:\/\/t.co\/C4fFfzBVY3<\/a><\/p>\n<p>&mdash; DFyn (@_DFyn) <a href=\"https:\/\/twitter.com\/_DFyn\/status\/1408417826432446472?ref_src=twsrc%5Etfw\">June 25, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">OKExChain is open-source, public blockchain technology developed by OKEx for building blockchain-based trading applications. It is designed to establish a safe and efficient decentralized finance architecture that can be used to create a decentralized exchange, or DEX, and other decentralized finance (DeFi) applications.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Dfyn Exchange will be rolled out on OKExChain in three phases:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">First Phase: Functional AMM which has now launched. The AMM is now integrated with the Dfyn Exchange network and is able to support swaps on OKExChain.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Second Phase: Implementation of the Router Protocol. The mainnet of Router Protocol is launching soon and is going to support OKExChain. Leveraging Router Protocol\u2019s XCLP, the community will be able to bridge $DFYN and $ROUTE tokens to seamlessly enter the OKExChain ecosystem.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Third Phase: This phase focuses on user acquisition, TVL expansion, and community building. It features an array of farming activities aligned carefully to bootstrap liquidity on the Dfyn node. It will also have prediction markets and trading competitions.<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">With the move, the Polkastarter IDO project\u2014which <\/span><a href=\"https:\/\/cryptoslate.com\/defi-project-dfyn-buzzes-to-200m-tvl-secures-3-major-partnerships-just-weeks-after-launch\/\"><span style=\"font-weight: 400;\">attracted $200 million in TVL<\/span><\/a><span style=\"font-weight: 400;\"> on <\/span><a href=\"https:\/\/cryptoslate.com\/coins\/polygon\/\"><span style=\"font-weight: 400;\">Polygon<\/span><\/a><span style=\"font-weight: 400;\"> just weeks after launch\u2014is now available on two chains (Polygon being the first).<\/span><\/p>\n<h2><b>About AMMs and Dfyn\u2019s growth<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">AMMs are smart contract-based DEXs that allow users to trade cryptocurrencies in a wholly permissionless manner via the use of decentralized liquidity pools (as opposed to the traditional market where buyers or sellers could be centralized).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Most AMMs run on a certain blockchain and allow users to trade cryptocurrencies and tokens related to that particular blockchain. This means an Ethereum-based DEX can only facilitate the trading of Ethereum and other ERC20 assets (and not tokens issued on Tron, Solana, or Binance Smart Chain).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Dfyn is currently in process of expanding the Dfyn AMM to different chains like Algorand, Elrond, BSC, and others. And its launch on OKExChain is part of just that roadmap.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As more DFYN nodes will expand to other popular chains and integrate with Router Protocol\u2019s impending mainnet,\u00a0 they will communicate with each other and other AMMs as well as various other DeFi platforms that are emerging across various blockchains.<\/span><\/p>\n<p><em>Disclaimer: CryptoSlate holds a financial position in Dfyn.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dfyn Network, the multichain, low-fee automated market maker (AMMs) exchange, has launched its second AMM node on OKExChain, as per a release last week. We are thrilled to announce our collaboration with @OKExChain, an exciting blockchain community created by @OKEx ? Dfyn has\u00a0launched an AMM node\u00a0on OKExChain, enabling the official launch of the Dfyn Exchange [&hellip;]<\/p>\n","protected":false},"author":65,"featured_media":193842,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46940,39,37],"tags":[76836],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dfyn expands to OKExChain with new \u2018AMM\u2019 node<\/title>\n<meta name=\"description\" content=\"Dfyn Network, the multichain, low-fee automated market maker (AMMs) exchange, has launched its second AMM node on OKExChain.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/dfyn-expands-to-okexchain-with-new-amm-node\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dfyn expands to OKExChain with new \u2018AMM\u2019 node\" \/>\n<meta property=\"og:description\" content=\"Dfyn Network, the multichain, low-fee automated market maker (AMMs) exchange, has launched its second AMM node on OKExChain.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/dfyn-expands-to-okexchain-with-new-amm-node\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-28T13:00:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-18T18:09:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/06\/dfyn-okexchain.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Shaurya Malwa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shaurya Malwa\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/dfyn-expands-to-okexchain-with-new-amm-node\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/dfyn-expands-to-okexchain-with-new-amm-node\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/#person\",\"name\":\"Shaurya Malwa\",\"url\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/07\/author-shaurya-malwa.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/07\/author-shaurya-malwa.jpg\",\"caption\":\"Shaurya Malwa\"},\"jobTitle\":\"Analyst\",\"description\":\"Post-mining his first bitcoin in 2012, there was no looking back for Shaurya Malwa. 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