OKX Ventures today announced its investment in Pencils Protocol, a next-generation decentralized platform that offers auction services for blockchain-native assets and real-world assets (RWAs), as well as compounded and leveraged yield aggregation services for users to maximize asset utilization.
OKX Ventures Announces Investment in Pencils Protocol, Pioneering a New Era in the Scroll Ecosystem
Pencils Protocol, one of the largest native DeFi projects in the Scroll ecosystem, serves as an all-in-one yield aggregator and auction platform. Its functions include launchpad, asset aggregation and distribution, and leverage returns.
Through close collaboration with Scroll, Pencils Protocol has redefined Layer 2 solutions using zero-knowledge technology, focusing on scalable custom dApp development and fair distribution principles.
This initiative not only offers users a more efficient and secure trading environment, but also brings new vitality and momentum to the ongoing development of the Scroll ecosystem.
Pencils Protocol's founding team is confident in this collaboration and promises to continue providing superior products and services to users.
They see this investment as an opportunity to accelerate technological research and development and product introduction, thereby contributing to the growth and development of the Scroll ecosystem.
What is OKX Ventures?
OKX Ventures is the investment arm of leading crypto exchange and Web3 technology company OKX, with a seed capital commitment of US$100 million.
It focuses on exploring top blockchain projects on a global scale, promoting cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value.
*This is not investment advice.
