FSN ASIA-Six Network Signs Cooperation MOU with Asia's Largest DeFi Operator 'Ojis'

[Asia Economy Reporter Jang Hyowon] Six Network, a subsidiary of FSN ASIA, the overseas business division of comprehensive digital marketing specialist Future Stream Networks (hereinafter FSN), announced on the 8th that it has signed a partnership memorandum of understanding (MOU) with blockchain technology company Ozys to expand the growth foundation of the DeFi (blockchain-based decentralized finance) new business platform ‘Definix’.

The ‘Definix’ project promoted by Six Network is a P2P financial transaction platform business that intermediates cryptocurrency transactions between individuals, focusing on decentralization, a key strength of blockchain. ‘Definix’ is the second DeFi project officially recognized as a partner of Klaytn after Ozys’s ‘KLAYswap’. Within 10 days of its beta service launch, it achieved a total value locked (TVL) of 60 million USD (approximately 66.6 billion KRW), a growth indicator for decentralized exchange platforms. Klaytn is an open blockchain platform operated by Ground X, Kakao’s blockchain technology affiliate.

Through this MOU, Six Network and Ozys will engage in comprehensive cooperation to develop the Klaytn-based DeFi ecosystem, including mutual support for yield farming, which pays part of the fees generated on decentralized trading platforms to liquidity providers, as well as the development and marketing of yield optimizers.

Choh Changhyun, CEO of FSN ASIA, said, “The recently spotlighted DeFi industry is considered one of the fastest-growing industries today in terms of blockchain technology ecosystem expansion. Since the Definix platform is completing its transition to the Klaytn-based system within June and preparing for official service, we expect that this MOU will serve as a turning point to further strengthen business competitiveness such as security through multifaceted blockchain technology partnerships between the two companies.”

Park Taegyu, CEO of Ozys, stated, “We are very excited to collaborate with FSN, which participates in Klaytn’s Governance Council, to expand the Klaytn-based DeFi ecosystem. We will cooperate to promote the global expansion of Klaytn and Klaytn-based DeFi.”

Ozys, which signed the MOU with Six Network, is a blockchain technology company established in 2018. It currently participates as a member of Klaytn’s Governance Council, supporting stable platform operation and ecosystem activation. Ozys developed the cross-chain bridge ‘Orbit Bridge’ and the decentralized finance protocol ‘KLAYswap’. Among these, ‘KLAYswap’, a DeFi protocol based on Kakao Ground X’s public blockchain Klaytn, recorded a total value locked of 2.1 billion USD (approximately 2.3 trillion KRW) within about six months of its launch.