Tezos-based Etherlink Onboards Oku DeFi Aggregator

• DeFi aggregator Oku comes to Tezos' Etherlink
• Etherlink TVL surges past $40 million Users of the Tezos layer-2 Etherlink blockchain now have access to a vastly expanded world of DeFi opportunities, following the launch of non-custodial DeFi aggregator Oku on the network. As a fork of Uniswap v3, Oku unlocks a flagship suit of opportunities for on-chain traders.

DeFi aggregator Oku comes to Tezos' Etherlink

According to the official statement by its team, Oku, a new-gen DeFi liquidity aggregator, expands on high-performance L2 Etherlink, which works on the top of Tezos (XTZ), a veteran programmable blockchain. Deposits on Oku are already available to the general public.

Developed by GFX Labs, Oku serves as an access point to the deep liquidity of Uniswap v3, which consistently ranks among the top exchanges for trading volumes and total value locked (TVL)

Thanks to its high speeds and low transaction costs, Etherlink is well-positioned to attract top-tier DeFi protocols that enable users to swap, bridge and manage liquidity as the integration of Uniswap V3 further cements the network’s position as a growing DeFi hub.

Dan Zajac, Business Development Lead at Oku, explains why did his protocol choose Etherlink as a next target for its expansion:

We're excited to partner with Etherlink to make it easy for users who want to explore simplified DeFi. Gone are the days of needing to leave an app to perform separate actions. By integrating Oku, users gain access to advanced order routing for swaps and bridge transactions and can manage their liquidity positions in a few clicks all under one roof.

Unifying the main pillars of DeFi is a crucial piece of the puzzle to addressing optimal user experience in crypto, Zajac concluded.

Etherlink TVL surges past $40 million

Oku brings a suite of powerful features to Etherlink users, including an intuitive trading interface with familiar price charts and aggregated swap history, a user-friendly position manager for optimal capital liquidity deployment and a comprehensive analytics dashboard providing detailed insights into pools, tokens and positions without extra fees.

Using Oku’s cutting-edge interface and the EVM-compatible architecture of the Etherlink network, Tezos users can now seamlessly swap tokens and provide liquidity across a range of blockchains. For builders, the deployment demonstrates how Etherlink successfully bridges the EVM and Tezos environments, opening a pathway for other leading DeFi protocols to expand to Tezos in the future.

The launch comes amid substantial growth for the Etherlink ecosystem, which recently saw its TVL surge beyond $40 million. With up to 30x faster smart contract storage and enhanced network stability, Etherlink provides an optimal environment for high-performance trading applications like Oku.