At the TOKEN2049 conference in Singapore, OKX founder Star Xu outlined a comprehensive three-phase roadmap for X Layer, the exchange’s Layer 2 network. The new strategy is designed to strengthen the ecosystem’s infrastructure, integrate with key decentralized finance protocols, and fuel innovation with a multi-million-dollar developer fund.

A Native Stablecoin and Protocol Integrations

The initial phase of the roadmap centers on the launch of a native stablecoin, USDG, which is expected to debut in the coming weeks. Stablecoins are digital assets pegged to a stable currency like the U.S. dollar, providing predictable value for trading and payments. By creating USDG, X Layer aims to establish a reliable medium of exchange to support future decentralized finance (DeFi) applications.

The second phase will focus on integrating X Layer with leading protocols, including Arbitrum, Uniswap, Balancer, and Chainlink. These platforms are cornerstones of the Ethereum ecosystem, bringing advanced functionality such as scalable smart contracts, decentralized trading, liquidity management, and secure price data. This move is intended to create a robust and interoperable network capable of supporting a wide range of financial products.

Fueling Development with a $100 Million Fund

In its third phase, OKX will deploy a $100 million Vision Fund to support developers and startups building on the X Layer network. This initiative will include an on-chain developer conference where participants can earn rewards for their contributions. Xu also addressed the topic of memecoins, emphasizing that OKX will selectively support projects that are well-managed and demonstrate long-term potential, while actively avoiding those associated with fraud risk or unsustainable hype.