OKEx crypto exchange is fulfilling its jumpstart mining initiative by offering two additional DeFi projects this week. In a push to support demand in the DeFi economy, OKEx looks forward to on-boarding two more projects in which users can stake through jumpstart mining.
OKEx Jumpstart Mining Initiative – MixTrust & Flamingo
According to a recent announcement, OKEx will be fulfilling its jumpstart mining initiative by on-boarding two additional DeFi projects this week. The two DeFi projects coming to OKEx are MixTrust and Flamingo. MixTrust is a protocol build around seamless asset synthesis and secure trustless trading. In addition, Flamingo leverages the NEO blockchain for its full-stack DeFi protocol that offer frictionless access to crypto assets.
As DeFi markets continue to experience significant growth, the jumpstart mining initiative is a way to get OKEx users involved in the emerging sector. OKEx jumpstart mining gives its users the ability to farm DeFi protocols by leveraging OKEx’s native ecosystem token, OKB. According to the announcement, mining of MixTrust will begin September 24th ( 6:00AM UTC ), and Flamingo will start on September 25th ( 1:00PM UTC ).
What Leadership Said
OKEx CEO Jay Hao commented on the announcement stating that:
“We are delighted to see so much continued innovation coming out of the DeFi space and development forging ahead in this sector. MixTrust is really raising the bar for DeFi projects with a high focus on interoperability and cross-chain transactions, and Flamingo, as a full-stack protocol incubated by Neo, highlights the need for comprehensive DeFi projects that cater to more users’ needs. We’re thrilled to offer such high-quality, cutting-edge products on OKEx Jumpstart and look forward to watching their progress in the space.”
Hao further stated that OKEx jumpstart mining has been a popular feature among its user base, given the fact that users have the ability to stake and unstake at any time.
OKEx Aggressive Push Into DeFi
The most recent news on jumpstart mining comes only a few weeks after OKEx announced that they were adding 8 more DeFi tokens to their platform. As recently reported, OKEx had increased its DeFi offerings to 27 different projects to meet client demand, and embrace a rapidly growing sector in which leadership said:
“We believe that DeFi will become an excellent supplement to the traditional financial system thanks to its core qualities of high-efficiency, high-security, low-friction and low costs.”
Despite DeFi still being in its infancy, the sector is in a prime position to disrupt traditional finance. DeFi protocols are introducing infrastructure that improves financial inclusion through increased liquidity and reduced costs. The prolonged problems and inefficiencies in traditional finance are opening up all sorts of possibilities for decentralized finance protocols on a global scale.