Dear Astarians, this is Lu1 from the Zenlink team, as the builders of the first native cross-chain DEX protocol based on Polkadot, we are really excited to be building on the Astar network and I would like to apply for the builders’ program for our project.
Project Overview
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 users a low slippage trading experience. 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.
Zenlink has received 2 rounds of Web3 Foundation Grants and investments from well-known institutions such as Alameda Research, Hashkey, IOSG, OKX Blockdream Ventures, and Hypersphere.
Currently, Zenlink is live on Bifrost, Moonriver, and Moonbeam, and Astar is the next primary parachain we plan to integrate.
Zenlink Tokenomics (New Tokenomics in progress)
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 will be followed, i.e. 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.
(We plan to distribute the remaining 10M ZLK on the Astar network)
The specific distribution is as follows:
Learn more about Zenlink Tokenomics: https://wiki.zenlink.pro/resources/tokenomics
General Functions
We are planning to deploy the full functions of Zenlink to Astar Network, which include:
- Hybrid AMM
- Standard AMM whose underlying algorithm is inspired by Uniswap.
- Stable AMM whose underlying algorithm is inspired by Curve.
- 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.
Deployment Timeline
The deployment will be completed in a few weeks, here is an estimated timeline:
06.06 ~ 06.12
- Deploying contracts and setting up backend services on Shibaya.
- The EVM contracts are as same as we deployed on Moonbeam/Moonriver and have been audited by Slowmist and Peckshield. Check the full audit report: GitHub - zenlinkpro/zenlink-security-audit
06.13 ~ 06.19
- Testing all functions on Shibaya and polishing DApp UI to adapt to the Astar
06.20 ~ 06.26
- Deploying contracts on Astar and switching the backend services to Astar.
- Setting up the stable pools and standard pools
06.27 ~ 07.03
- Setting up the farming pools
- Ready to launch
As the first native cross-chain DEX protocol based on Polkadot, Zenlink has been widely used by the dotsama community on several parachains, and we want to bring Zenlink to the Astar network so that users of the Astar network can have the same great experience.
Deploying Zenlink to the Astar network will not only provide a smooth and validated DeFi platform on the Astar network to help the entire Astar ecosystem grow, but Astar users will also connect to other parachain ecosystems through Zenlink.
