Zenlink integrates with Astar
Zenlink integrates with Astar and has applied for the Astar Builders Program. Zenlink is an underlying cross-chain DEX protocol base 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 also 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. It also provides users with a low slippage trading experience. Furthermore, Zenlink DEX Composable Hub enables developers to access the Zenlink DEX Module to build their unique DEXs, forming a DEX composable hub for the Polkadot ecosystem.
Moreover, Zenlink has received 2 rounds of Web3 Foundation Grants and investments from well-known institutions such as Alameda Research, Hashkey, IOSG, as well as OKX Blockdream Ventures, and Hypersphere.
Currently, Zenlink is live on Bifrost, Moonriver, and Moonbeam, and Astar is the next primary parachain it plans to integrate.
Zenlink Tokenomics
Moreover, Zenlink will issue only one set of ZLK tokens on both the Kusama and Polkadot networks. With a maximum supply of 100 million. In both networks, a 40% and 60% distribution ratio. For example, 40% of the tokens (40m ZLK) will be issued on the Kusama network and 60% of the tokens (60m ZLK) will be issued on the Polkadot network.
(plan to distribute the remaining 10M ZLK on the Astar network)
General Functions
Zenlink planning to deploy the full functions of Zenlink to Astar Network, which include:
- Hybrid AMM: inspires by Curve and Uniswap
- Smart Router: it can calculate the best swap routine for users.
- LP Farming & Staking: LPs can deposit their LP tokens into the contract to earn incentives after supplying liquidity to farming pools. Staking refers to the single token deposit, e.g. ZLK staking.
- Trade Minning: Zenlink gives certain incentives to traders who perform high-value swap transactions.
As the first native cross-chain DEX protocol base on Polkadot. Zenlink was use widely by the dotsama community on several parachains. This time, they want to bring Zenlink to the Astar Network. In this manner, users of the Astar Network can have the same great experience.
Furthermore, deploying Zenlink to the Astar network will not only provide a smooth and validated DeFi platform on the Astar network. It also helps the entire Astar ecosystem grow, but Astar users will also connect to other parachain ecosystems through Zenlink.
ABOUT Zenlink
Zenlink is the one-stop shop for trading Polkadot assets, the DEX Composable Hub between all parachains.
ABOUT Astar Network
Astar is a multi-chain smart contract platform that supports multiple blockchains and virtual machines.
RESOURCES
Astar Forum
