Strategic Partnership Formed between Zenlink & OpenOcean
The rise of DeFi makes the value of the liquidity of cryptocurrencies become more and more prominent. However, limited liquidity is scattered everywhere with the continuous introduction of different DeFi protocols on various public chains. Now, more innovative DeFi products such as cross-chain and aggregation protocols bring more new possibilities to the liquidity market.
On March 11, Zenlink formally reaches a strategic partnership with Full Aggregation Protocol OpenOcean. Going forward, OpenOcean will aggregate Zenlink DEX liquidity and provide users with a convenient trading portal for crypto assets on Polkadot. In addition, with a shared focus on cross-chain protocol, the two sides will also jointly explore the technical possibilities of multi-chain aggregation.
Currently, OpenOcean has aggregated public chains such as Ethereum, Binance Smart Chain (BSC), Tron, and Ontology, and also the mainstream DEXs building on them. Besides, it is worth pointing out that this cooperation is not only the first time that Zenlink has established a cooperative relationship with projects other than Polkadot ecosystems, but also the first time that OpenOcean has expanded their aggregation to Polkadot ecosystem and aggregated Polkadot-based DEXs.
According to the previous steps of Rococo V1 testnet connection, Zenlink will soon be connected to Rococo V1. And Zenlink testnet is expected to be launched during the Parachain Slots Offering (PLO). OpenOcean will formally aggregate Zenlink DEX after its mainnet goes live so as to help users find and implement the optimal transaction price in Polkadot ecosystem. Furthermore, Zenlink will also capture more liquidity through this cooperation with OpenOcean and provide users with a better trading experience.
About OpenOcean
OpenOcean is the first cross-chain full aggregation protocol that aggregates mainstream DEXs on public chains and mainstream CEXs. OpenOcean supports users to trade at the best price and lowest slippage with the one-stop transactions. OpenOcean currently aggregates mainstream DEXs (decentralized exchange) on mainstream public chains such as Ethereum, BSC, Ontology, and Tron and also centralized Binance Exchange. With the help of their intelligent order routing and in-depth optimization of intelligent routing algorithms, OpenOcean can help users trade at the best price and lowest slippage.
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.
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