Tezos-based Etherlink Onboards Oku DeFi Aggregator

Users of the Tezos Layer-2 Etherlink Blockchain now have access to an enormously extensive world of Defi opportunities, after the launch of non-complainant Defi-aggregator OKU on the network. As a fork from Uniswap V3, OKU unlocks a flagship suit of opportunities for traders on chains.

Defi -Aggreator OKU comes to Tezos’s Etholink

According to the official explanation of his team, OKU, a new-gene defi-liquidity aggregator, is expanding on powerful L2 Etherlink, which works at the top of Tezos (XTZ), a veteran programmable blockchain. Deposits on OKU are already available to the general public.

Developed by GFX Labs, OKU serves as an access point to the deep liquidity of Uniswap V3, which consistently belongs to the top trade fairs for trade volumes and total value locked (TVL).

Thanks to the high speeds and low transaction costs, EtherLink is well positioned to attract top Defi protocols with which users can exchange, bridge and manage liquidity as the integration of Uniswap V3 further cementing the position of the network as a growing Defi-hub.

Dan Zajac, Business Development Lead at OKU, explains why his Protocol Ethherlink has chosen as the next target for its expansion:

We are delighted to work with Etherlink to make it easy for users who want to explore simplified Defi. Beyond are the days of leaving an app to perform individual actions. By integrating OKU, users get access to advanced order routering for swaps and bridge transactions and they can manage their liquidity positions in a few clicks all under one roof.

Uniting the most important pillars of Defi is a crucial piece of the puzzle for tackling an optimal user experience in crypto, Zajac concluded.

Ethherlink TVL stands beyond $ 40 million

OKU brings a series of powerful functions for Ethherlink users, including an intuitive trade interface with well-known price charts and aggregated swap history, a user-friendly position manager for optimal use of capital liquidity and an extensive analysis dashboard with detailed connectors in Polish, token and positions without extra costs.

With the help of the advanced interface of OKU and the EVM-compatible architecture of the Ethherlink network, TEZOS users can now seamlessly exchange tokens and offer liquidity over various block chains. For Bouwers, the implementation shows how Etherlink successfully bridges the EVM and TEZOS environments, so that a path is opened for other leading Defi protocols to expand to Tezos in the future.

The launch comes in the midst of substantial growth for the Etherlink -Ecosystem, which recently saw its TV rise than $ 40 million. With a maximum of 30x faster smart contract storage and improved network stability, Ethherlink offers an optimal environment for high-performance trade applications such as OKU.