An Intro to DApps on OKExChain Ecosystem

At present, there are 9 types of protocols in the OEC Ecosystem, including lending, DEX, Aggregator, NFT, gaming, etc. This article gives a brief overview and introduction to the projects on OKExChain. More projects are in the process of being deployed.

Note: This article is only an introductory overview of the projects on the chain, and the ranking of the projects has no meaning and cannot be used as an investment or decision advice. The market is volatile and investors are advised to be aware of the risks.

NFT

Orange

Orange is a one-stop multi-chain NFT platform. Its main functions include NFT's creation, mining, upgrading, auction, trading, and token deposit. ORG is Orange's governance token. By holding ORG, users can participate in decentralized governance and obtain staking rewards.

There are four stages of the platform’s development. In the first stage, it provides some basic functions, including NFT creation, NFT trading, NFT mining, NFT auction, etc. Users who exchange the ORG can obtain random levels of NFTs, which can be used for mining. Different levels of NFT have different functions. For example, V1-Grade NFT can only be used for trading and auctioning, and V2-Grade NFT can be used for trading, auctioning, or exchanging physical objects (sneakers). In the second stage, the platform will offer users a more comprehensive NFT operation system. As for the third stage, the platform will be integrated into some external projects, such as decentralized exchanges, lending products, etc. In the fourth stage, Orange plans to connect multiple chains.

Official website: http://orgnft.finance/#/

NewItem

NewItem is a platform built for NFT projects, which empowers new projects to issue coins, borrow money, trade/auction NFT, or create mining pools to let users understand their project; in addition, users can also gain rewards through NFT mining and leasing. The auction methods on the platform are mainly divided into English auction, Dutch auction, and NewItem auction. NewItem auction is the unique auction method of the platform, in which the actual cost of the final bidder is less than the bid price, and the rest of the buyers can be compensated, which means everyone gains from the auction.

Official website: https://www.newitem.finance/#/

Gaming

PGO

PGO.farm is a Pokémon-themed NFT game item on the OKExChain.

Official website: http://pgo.farm/#/Home

Aggregator

ACMD.Finance

Archimedes is a cross-chain leverage aggregator in the OEC ecosystem, which plans to integrate loan mining, leveraged lending, liquidity mining, and more. The platform currently offers up to 8x leverage and supports multi-currency lending. In addition, to reduce slippage losses, Archimedes employs a rollback mechanism and self-developed virtual machines to save transaction fees.

Official website: https://acmd.finance/earn

Lending

Spiral X

Spiral X is an open-source lending protocol on OEC, which will go live on August 3, 2021. SPX is Spiral X's governance token for community proposal voting and agreement fee payment. SpiralX integrates price information data sources and cross-chain bridges and is committed to providing one-stop lending services. In addition, SpiralX also plans to launch mortgage lending for NFT and LP-like, long-tail low-liquidity assets, providing market access and price exposure for low-liquidity assets.

Official website: http://www.spiralx.finance/

Flux

Flux is a lending protocol on the OKExChain and HECO, similar to Compound, which contains a set of lending pools. The interests are adjusted by the market supply and demand (floating interest rate). The borrower's borrowing capacity will be calculated based on factors such as asset price, balance, and the collateral factor. If their debt exceeds the borrowing capacity, liquidation occurs. The liquidator can be any account, they must repay all the debts on behalf of the borrower, and then obtain the mortgaged assets. The platform only supports CFX - the Conflux Network’s native token and ERC-777 standard tokens.

Official website: https://flux.01.finance/

WePiggy

WePiggy is a cross-chain lending protocol currently deployed on Ether, OEC, BSC, Polygon, HECO. It plans to releases Arbitrum and Optimism in the future. WPC is the protocol's governance token.

WePiggy's interest rate is determined by the utilization rate. Liquidation occurs when their borrowing value exceeds the collateral value. The liquidator can repay the loan for the liquidated account and receive an additional portion of that user's collateral as a liquidation bonus. (Conversely, the liquidated user pays a penalty)

Official website: https://wepiggy.com/

SupremeX

SupremeX is lending on OEC and Polygon, similar to Compound and MakerDAO. users who make a deposit receive xToken as a representative of the underlying collaterals, which can be used to mine the platform's synthetic asset XAI (1XAI=$1). On this protocol, a user's borrowing capacity is measured by a collateral factor, ranging from 0-90%, determined by the liquidity of the collateralized assets, as the more liquid assets provide a higher borrowing capacity. SXC is the protocol's governance token.

Official website: https://ok.sxc.fi/

DeFiner

DeFiner is a lending platform that supports OEC and Ethereum. On this platform, users can choose the tokens or digital assets they like to create the lending pool and customize the parameters of the pool, such as risk control model (liquidation threshold, LTV), interest model (deposit/loan mining speed, APR range), and oracle model. If they want to exit early, users can choose to trade their lending positions on the secondary market. If users' LTV is greater than or equal to 85% or they do not meet the audit terms, they would be forced to liquidate.

Official website: https://app.definer.org/

Wing

Wing is a credit-based cross-chain lending platform that supports Ontology, Ethereum, and OKExChain. It utilizes a credit assessment mechanism, decentralized anonymous governance (the governance token is WING), and a risk control mechanism that protects the interests of borrowers, lenders, and guarantors simultaneously.

Official website: https://wing.finance/

ForTube

ForTube, a lending protocol is currently launched on OEC, ETH, BSC, and Polygon. ForTube rates assets through three dimensions: smart contract risk, market risk, and counterparty risk. It classifies assets into five levels, from A to E, while the A level has the lowest risk. Additionally, the protocol applies Asset Pools Segregation instead of a single lending pool for the whole system to achieve risk trenching, while assets are divided into main market assets and innovation market assets. As a result, different assets are deployed with different interest rate curves.

Official Website: https://for.tube/

Earning

KFI.ONE

KFI, a revenue aggregator on OKExChain, currently offers 16 yielding pools for some mainstream tokens such as OKB, USDT. KFI is the governance token for the protocol.

Official website: https://www.kfi.one/farm

DEX

CherrySwap

CherrySwap is a decentralized exchange built on OKExChain based on AMM. The platform contains functions such as liquidity mining, IFO, NFT, gambling, and DAO.

Official website: https://www.cherryswap.net/home/

KSwap Finance

KSwap Finance is a decentralized trading platform deployed on OKExChain. It has three products: KSwap, KUniverse, and KStarter. KSwap is an exchange based on AMM; KUniverse is the platform's NFT system, which integrates KSwap's trading and dividend mechanism; KStarter is a decentralized token distribution platform.

Official website: https://app.kswap.finance/#/swap

KingSwap

KingSwap is a decentralized exchange on the OKExChain chain based in Singapore. It has made some improvements in the Uniswap automatic market-making mechanism, such as the implementation of Layer2 and Layer3 technology, decentralized governance, etc. In addition, through the OTC, Kingswap also provides fiat off-ramp conversions.

Official website: https://www.kingswap.io/

Jswap.Finance

Jswap is a decentralized transaction and wealth management agreement on OKExChain, which supports swap mining, liquidity mining, DAO dividends, single currency mining, etc. Its governance token is JF.

Official website: https://app.jswap.finance/#/swap

PandaSwap

PandaSwap is a decentralized exchange on OEC.

Official Website: https://app.pandaex.org/#/swap

AIswap

AIswap is a DEX on OEC, based on AMM model, which offers trade, liquidity mining, IDO, etc.

Official website: https://aiswap.io/#/

Oracle

ADAMoracle

ADAMoracle is the first oracle on OKExChain that uses the wide-area node quotation mechanism to calculate more accurate results by aggregating price data from a large number of nodes while enhancing the security of the network at the same time. Any individual or enterprise that owns certain server equipment has certain technical operation and maintenance capabilities, and can start nodes to complete Docker images can apply to become a node.

Official website: https://www.adamoracle.io/

Trading

Crypto Kaka

Crypto Kaka provides users with automated trading and bots for cryptocurrencies and has cooperated with several centralized exchanges, including Huobi, Binance, Poloniex, Bittrex, Coinbase Pro, Kraken, Bitfinex, Kucoin, etc. In addition, users are able to pay for the signals, strategies, and templates in the marketplace.

Official website: http://cryptokaka.com/

Cross-chain

Poly Network

Poly Network is a cross-chain protocol, based on the side-chain/relay mode, which uses Poly relay chain as the cross-chain coordinator, multiple heterogeneous chains as the cross-chain transaction executor, and the relay chain as the porter of cross-chain information porter, which helps to improve the security, effectiveness of the system.

Official website: https://bridge.poly.network/

BoringDAO

BoringDAO is a decentralized cross-chain bridge, DAO. It provides tunnels between various blockchains, bringing non-ERC20 tokens into DeFi. Users can create tunnels through staking the native token (BOR) or other supported tokens, and tunnel operators can obtain token rewards via operation.

Official website: https://app.boringdao.com/

ChainSwap

ChainSwap is a cross-chain bridge and application hub between smart chains. It allows projects to connect between ETH, BSC, and HECO. In the future, ChainSwap plans to offer cross-chain solutions for Bitcoin, Polkadot, Solana, and other chains.

Official website: https://chainswap.co/

Nerve Network

Nerve Network is a decentralized digital infrastructure servicer that offers cross-chain services. It aims to breaking down barriers between different blockchains and building a cross-chain asset interaction network.

Official Website: https://nerve.network/

ShuttleFlow

ShuttleFlow is a multi-asset bridge built on Conflux, using Conflux as the transit chain. The two existing cross-chain solutions of the platform are cross-chain atomic swap and cross-chain atomic mapping. ShuttleFlow provides dApp developers with a low-cost approach to integrate multi-chain asset deposits and withdrawals.

Official website: https://shuttleflow.io/

According to TokenInsight's research, the OEC ecosystem has now covered most classifies of the DeFi projects. DEX, lending protocols, and cross-chain projects are predominant, while others (e.g. NFT, revenue, games, etc.) are relatively few. Meanwhile, the lending protocols in this ecosystem are well-differentiated and relatively mature.