Zenlink Introduces Hybrid AMM Platform

Published on: 06.04.2022

Zenlink announced launch of Hybrid AMM, a Stable AMM and Standard AMM platform, which aims to use the smooth curve of Stable AMM as the middle layer of the trade path, thus compensating for the illiquidity and high slippage of long-tail assets in Standard AMM and providing users with a better DeFi trading experience.

Hybrid AMM is a combination of Stable AMM and Standard in one, which combines the two with intelligent algorithms to calculate the best trade path for the user, enabling them to trade any asset on Zenlink DEX at the best price and with the lower slippage. In order to achieve this goal, the Zenlink team will need to accomplish two key things.

The first step is to tweak and optimize all pairs on Zenlink DEX. Specifically, Zenlink will centralize the incentives as well as liquidity and volume of all stablecoins pegged to USD to one of the most commonly traded stablecoins in the Moonriver&Moonbeam ecosystem (such as USDC, which is currently widely used on both chains), and gradually adjust all non-correlated assets to be paired with GLMR or MOVR.

Secondly, Zenlink Smart Order Routing needs to be upgraded to connect Stable AMM with Standard AMM. In order to enable users to efficiently trade different assets with correlated values and benefit from correlated to uncorrelated assets with the help of Smart Order Routing, we have upgraded Zenlink Smart Order Routing. We will not go into the technical implementation details of Smart Order Routing here, as users can better understand the principles of its implementation through the final routing adoption form:

correlated assets→USDC→GLMR/MOVR→non-correlated assets

Based on these two steps, Zenlink will centralize liquidity and enable support for multiple correlated assets (any asset, mad asset, FRAX, UST, aUSD) through Moonbeam/Moonriver’s native asset GLMR/MOVR. This means that users can trade smoothly using different bridged versions of the same asset without having to worry about illiquidity.

About Zenlink

Zenlink is an underlying cross-chain DEX protocol based on Polkadot and is committed to becoming the DEX composable hub of Polkadot. By accessing the ultimate, open, and universal cross-chain DEX protocol based on Substrate, Zenlink DEX Protocol enables all parachains to build DEX and achieve liquidity sharing in one click. Zenlink DEX Protocol includes Module, WASM, and EVM implementations, which are flexible and adaptable, allowing for customizable compositions and interoperability with different DeFi modules.

In addition, the Zenlink DEX Aggregator connects all DEX DApps on Polkadot and aggregates liquidity, providing a low slippage trading experience for users. Zenlink DEX Composable Hub enables developers to access the Zenlink DEX Module to build their own unique DEXs, forming a DEX composable hub for the Polkadot ecosystem. Currently, Zenlink has received 2 rounds of Web3 Foundation Grants and investments from well-known institutions such as Alameda Research, Hashkey, IOSG, OKEx Blockdream Ventures, and Hypersphere.

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