Saturn Network joins OKChain Ecosystem

OKChain and Team Saturn share common visions around DEX development and ecosystem building. Learn how both parties propose to collaborate on future development as official ecosystem partners.

Saturn Network joins OKChain Ecosystem

We are excited to announce Saturn Network is an official ecosystem partner of OKChain. OKChain is an open-source public blockchain developed by the world-leading digital asset exchange OKEx. Team Saturn and OKChain hold common visions in DEX development, cross-chain solutions, community governance, and ecosystem building. Both teams advocate for open-source, transparency, and decentralization. The key concepts of Saturn Rings and OpenDEX are to enable communities to build their own decentralized trading platforms, create any trading pairs, and trade freely.

Read through OKChain's Announcement

As an official ecosystem partner, Saturn Network and OKChain will cooperate in the following aspects:

  1. OKB listing on Saturn Network - OKB is the global utility token for OKEx cryptocurrency exchange, with OKChain being part of the OKEx ecosystem, a great way to promote further adoption is by listing OKB token on Saturn Network. Team Saturn will assist OKChain in setting up an OKB liquidity pool on Saturn Protocol v2, enabling further integration with the growing DeFi ecosystem on Ethereum.
  2. OKChain Validator Node (Supernode) - Saturn Network has joined the OKChain testnet by operating a validator node. Once OKChain moves to mainnet further synergies could be created such as Saturn Network becoming an OKChain-OpenDEX operator. Deploying an OKDex dedicated to the OKChain/Saturn Network partnership to serve as a liquidity bridge between the two ecosystems by enabling SATURN/OKT & STRN/OKT trading pairs.
  3. Interoperability with Ethereum Classic - Both teams share a joint interest in providing further interoperability with Ethereum Classic and OKChain. OKChain is part of the OKex ecosystem, which is home to the biggest ETC markets by trading volume. Saturn Network is currently the most used DApp on Ethereum Classic. Team Saturn recommends OKChain deploy an asset bridge between Ethereum Classic and OKChain digital assets to support trading and market making of ETC and ETC tokens on OpenDEX. To ease the adoption, Team Saturn will run an OpenDEX mirror and the frontend for the asset bridge.
  4. Promote OKB in DeFi on multiple chains - Saturn Network, as a leader in defi technology, will integrate OKB and/or OKB synthetic digital assets into its decentralized finance protocols. This will promote OKB in the DeFi user ecosystem on Ethereum, Ethereum Classic, and other supported EVM chains, as well as promote DeFi among OKChain and OKCoin users. Team Saturn recommends that OKChain runs a lightweight Saturn Full node with its custom Saturn Ring, arbitrage bots, atomic swap for cross-chain value transfer bots, as well as maintains decentralized OKB price oracles along with Team Saturn and other members of the DeFi community.

The cooperation aims to build a more versatile cryptoasset trading ecosystem where users can swiftly share the value and benefits of various blockchain technologies via cross-chain modules. You can read and learn more about OKChain and OpenDEX on their blog.

Future is bright!

New to Saturn Network?

Read more about Saturn Protocol V2 below, our planned exchange protocol upgrade that will bring token to token pairs, automatic market making, DAO activation for community governance, dividends payments and much more!

Saturn Protocol v2
Saturn Network plans major exchange protocol updates to improve overall liquidity and dapp interoperability on Ethereum and Ethereum Classic.

Find Team Saturn on Twitter, chat on discord, and join the community forum to suggest new features and engage with other Saturn DAO members.