On the evening of June 13, an “Ask Me Anything” conference took place on Twitter between onXRP, a modular ecosystem built on XRPL, and Swapsicle, a decentralized exchange built on the Avalanche blockchain. The teams of both projects wasted no time at the conference and revealed promising plans from the start, including increased collaboration and deeper integration between onXRP and Swapsicle, as well as XRPL and AVAX in general.
1) Recap of our live AMA with @SwapsicIeDEX. The recording will be the last post of the thread:
– A cross-chain platform under the “on” domain in partnership with #Swapsicle called #onAVAX
– DEX with staking, pools and farms for #XRP, #OXP, #POPs and #XRPL & #AVAX native assets
— onXRP.com (@onXRPdotcom) June 13, 2022
In disclosing the plans, the developers announced the launch of the onAVAX cross-chain platform, a decentralized exchange with liquidity pools, farming capabilities and staking of XRPs, OXPs, POPs and other native tokens via the XRPL and AVAX networks.
Community is the key
The platform will also have its own OVX token that will be distributed to OXP and POP holders and will be the first AVAX asset in the XRPL ecosystem. However, OVX will not be sold directly or through an IDO to add a sense of community to the project. More detailed properties of the token will be described later, but you can try your luck at an airdrop through self-custodial XRPL wallets like XUMM or Ledger. The ultimate goal of the onXRP team is to implement all these features in all projects listed on XRP.
The onXRP team also said that as part of the innovation, users will be able to use a Ripple (XRP) token in DeFi protocols to provide liquidity and receive tokens back as rewards.
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