DEX × Privacy: Phala Enters Strategic Partnership with Zenlink
It’s thrilled to announce: Phala is now partnered with Zenlink, a cross-chain DEX network on Polkadot. With the support of Phala privacy-preserving technology, Zenlink DEX network will be more competitive compared with other undertakers and greatly improving its user experience by satisfying their needs for privacy cross-chain transactions.
With the continuous development of blockchain technology, especially the arrival of Web 3.0, it is becoming more urgent to solve the problem of personal data rights protection, and blockchain-based privacy computing is getting more and more attention.
As a cross-chain DEX network based on Polkadot, Zenlink has always paid great attention to user privacy protection and plans to reflect it in its underlying products and technology. By formally reaching a strategic partnership with Phala Network, Zenlink will jointly promote cross-chain asset transactions between different Polkadot parachains and explore cooperation possibilities within privacy trading application scenarios.
When Rococo V1 officially opened its registration on January 11, Phala Network had submitted its application for parachain registration for the first time. After successfully connecting to Rococo V1, Zenlink DEX Module will be integrated into Phala Network to test the privacy cross-chain transaction user case between parachains.
About Zenlink
Zenlink is committed to building a new generation cross-chain DEX network. By integrating the Zenlink DEX Module, Zenlink can enable parachains to access DEX capabilities and share liquidity with other parachains quickly; Zenlink DEX aggregator can link all DEX DApps on Polkadot. Users can not only complete the exchange easily and quickly but also enjoy a low slippage transaction experience. ZLK, Zenlink native token, provides a fair and transparent governance mechanism and reasonable value capture methods, which can be used to motivate ecosystem users to participate in network development for a long time.
Zenlink is an important member of the Polkadot ecosystem and is sponsored by the Web3 Foundation. For now, two grants have been delivered successfully. Furthermore, Zenlink has also completed the prototype verification of cross-chain assets trading between Polkadot parachains at 2020–12–12 04:00:00 UTC, which means that the first cross-chain dex user case on Polkadot has been verified successfully based on Zenlink DEX Module and Assets Module.
About Phala
Phala Network is a light, powerful, and secure trusted-hardware-based confidential smart contract, dedicating itself to be a novel privacy computing cloud and provide privacy computing and services for all users and companies. Phala Network will be a parachain on Polkadot and a solution to the next-generation privacy protection. Member of the Confidential Computing Consortium (CCC). Recipient of 2 Web3 Foundation Grants.
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