HOKKFi is a multi-chain DeFi ecosystem centered around a blockchain oracle called Telegraph that makes cross-chain communication for smart contracts across multiple blockchains, both easily accessible and affordable. Current blockchain bridge node networks keep their systems behind registrations and approvals, which in turn stifles innovation as newer developers are unable to take their smart contracts to the next level.
With HOKKFi, developers will finally have a cross-chain bridge and ecosystem that they can integrate into their project with a few lines of code, with no registration required. Rather than downloading the full blockchain, validators will use external full node providers to communicate with the chains in question, keeping the validators lightweight and fast to set up.
In order to ensure that the number of network validators does not increase exponentially, the bridge will implement a one-time dynamic increasing fee for each new validator, paid in the ERC-20 version of the HOKK Finance ($HOKK) token. This is a non-refundable payment that locks the tokens indefinitely.
Validators will be rewarded with Telegraph tokens (MSG), which are linked to the fees generated from each successfully transmitted message. This resource will be an openly accessible/open-sourced ecosystem, a model which does not exist in bridges today.
Launch HOKKFi here
Visit the Telegraph website here
View the Telegraph GitBook here