Since the DeFi fever that reignited the market in 2020 remains, the market effect triggered by DeFi gradually showing a strong financial paradigm has started to emerge, and mainstream investments have started to dabble in DeFi, with its out-of-the-loop effect bringing a wider range of market support.
Currently, DeFi is prominent in lending, trading, derivatives, stable coins, insurance, etc. Compound, Aave, Uniswap, Balancer, Curve, Maker, Nexus Mutual and other protocols and products of a certain scale have started to take off, and more similar projects are in the planning stage. DeFi has entered a phase of blossoming.
DeFi Aggregator offers a complete set of proven solutions. The one-stop aggregator simplifies as many complex operations as possible for users on DeFi, leaving the complex operations to the underlying layer. Based on this, SOKE Foundation has built a comprehensive aggregator, SOKE, based on the OKChain ecosystem, to help users gain high-value investment returns more easily and cost-effectively in the DeFi wave by focusing on the DeFi one-click aggregator solution.
SOKE is a comprehensive aggregator protocol based on the OKChain ecosystem. SOKE has built a complete closed-loop ecology, from liquidity mining to index trading to SOKE funds, covering three major segments: mining, pledging, and trading. SOKEs have a variety of options to circulate and increase the value of SOKEs.
SOKE is currently being tested in OKChain’s test network and is expected to go live in the main network environment at the same time as OKCHIAN. SOKE’s cryptographic composite digital index synthetic assets are generated primarily through decentralized data contracts, and SOKE’s cryptographic composite digital index synthetic assets allow external access to key data and any other API functionality. Any network can link to the SOKE Cryptographic Aggregate Index and sample and evaluate the data.
SOKE already has the following core values:
- SOKE’s unique mechanism of trading to gain arithmetic power and periodically clearing it allows for an infinite cycle of arithmetic mining.
- SOKE can effectively smooth out market volatility by weighting index contracts of multiple mainstream currencies, thus creating more stable and less risky investment opportunities.
- SOKE is designed with reference to traditional open-end funds and offers mainstream index tracking funds, innovative index tracking funds, index arbitrage stable funds, high frequency index funds, etc., with low risk and stable return.
- SOKE covers the three major functions of mining, pledging and trading, from the concept of aggregator to reality.
SOKE is a one-stop DeFi platform that lowers the threshold for users and meets the full range of financial needs of capital. Nowadays, it is difficult for users to spend a lot of time to research and operate each DeFi project, or spend time to operate in the secondary market, but they need financial services of token appreciation, so SOKE can provide them with a one-stop service that meets their habits.
SOKE leverages the power of the community to find the best strategies in the market. By allowing users to participate in community governance by pledging their strategies, and by allowing selected strategy providers to share the proceeds of the strategy pool, SOKE provides an effective incentive for users to contribute strategies. At the same time, SOKE continues to innovate in collateralized lending, and together with OKChain team, we are working on an on-chain unsecured credit lending protocol based on a trusted prophecy machine, which aims to connect off-chain credit behavior with on-chain financial behavior by desensitizing centralized data to obtain user credit scores through trusted computing and passing them into the credit lending protocol. This will open up a new market for on-chain lending and drive the increase of on-chain lending scale.
SOKE will lower the barrier for small capital users to participate in DeFi by improving the ease of use and security of aggregators as well as revenue. Compared to other DeFi models, SOKE continues to innovate product design and mechanics while optimizing returns by selecting a portfolio of aggregated DeFi products. In the future, SOKE will not only have mining, pledging and exchange, but also develop a multi-service ecology including wealth management, insurance, derivatives, machine gun pools, asset mapping, etc. to meet the full range of DeFi needs of users.
SOKE is a comprehensive aggregator based on the OKChain ecosystem. DeFi reveals the shortcomings of Ethernet in terms of high congestion, high cost and low throughput, and in order to obtain a more efficient underlying solution, various exchange platforms have launched their own public chains, among which OKChain stands out for its huge user traffic and its strength in solving problems related to Ethernet. Among them, OKChain stands out with its huge user traffic and advantages in solving problems related to ethereum.
OKChain provides a secure and efficient infrastructure for project applications to create decentralized applications that seamlessly chain transactions across assets in a cross-chain value exchange ecosystem. As an open source, advanced decentralized trading public chain developed by OKEx, anyone can enter the OKChain super-queue and rapidly grow their projects with EVM virtual machine technology, the OKEx cross-chain gateway and the Cosmos-compatible IBC cross-chain solution. Through OKChain, project parties can easily and efficiently realize the interoperability of blockchain values, users, and scenarios, and ultimately realize the co-construction of the ecosystem and continuously accumulate value-added.
OKChain has already achieved open source code, which provides more support for SOKE’s innovation and can drive SOKE to establish a truly decentralized and borderless trading ecosystem, allowing more users to efficiently use SOKE aggregators to participate in the DeFi feast. In terms of technical support, OKChain has the following outstanding features:
- High performance: While OKExChain supports all types of DApps, it is designed for high-performance scenarios and high-volume transactions typical of trading events and financial services.
- Decentralized governance: Any user can apply to be a campaigner for network validators and participate in community development.
- EVM compatibility: OKChain will support Ethernet Virtual Machines, including Ethernet Developer Tools. Once OKChain supports EVM, developers will be able to develop smart contracts on OKChain using Ethernet development tools and languages.
- Cross-platform transactions: OKEx DEX desktop application is supported by all major operating systems and provides easy access to the blockchain with its user-friendly design.
- Cross-chain gateway: OKEx has launched a cross-chain gateway based on OKChain that allows easy transfer of assets between major public chains.
SOKE excels at the user interaction level, and the one-stop operation is very valuable not only for new users, but also for existing users. For example, for users who participate in liquidity mining, there are lower fees, fewer operations, faster and higher returns. At the same time, mining through more complex arbitrage strategies without having to go back and forth between liquidity mining protocols can save time, reduce costs and increase returns.
SOKE has established a complete closed-loop ecology, from liquidity mining to index trading to SOKE funds, with services that connect three major segments, including mining, pledging, and trading, giving users a variety of options to circulate SOKE and increase its value.
The DeFi space is already in the windy stage, and SOKE allows ordinary and experienced users to easily participate and create more value.
