OKX Ventures, the investment arm of OKX, has become a founding member of SOFA.org.
SOFA.org is a decentralized, non-profit, and open-source DAO dedicated to developing a DeFi ecosystem that facilitates atomic, blockchain-based settlements of financial assets.
SOFA.org recently launched its inaugural protocol mainnet on June 7. The protocol introduces a transparent marketplace driven by a request-for-quote (RFQ) mechanism tailored for crypto structured products. This approach facilitates seamless execution between depositors and market makers through user-friendly decentralized applications (dApps) and standardized vaults.
Central to SOFA.org’s mission is enhancing security and efficiency in DeFi transactions by leveraging smart contract technology. Assets are securely transferred to smart contract vaults, effectively eliminating counterparty risks and ensuring on-chain custodianship. This framework not only safeguards user funds but also opens avenues for additional yield from diverse financial products, bolstered by robust downside protection measures.
By joining SOFA.org as a founding member, OKX Ventures aims to foster a secure, industry-wide standard for on-chain settlement frameworks.
Crucially, SOFA.org’s protocol immutably records vital instrument parameters at the smart contract level, facilitating the tokenization of risk positions. This innovation enables seamless integration across both DeFi and centralized finance (CeFi) platforms, enhancing capital efficiency and broadening market accessibility.
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