Zenlink Enables Create Pair Feature and Launches Liquidity Support Program
It has been 2 weeks since the official launch of Zenlink DEX. With the joint efforts of the community, the TVL of Zenlink DEX has basically stabilized above $100 million US dollars, and with the opening of the 2nd cycle of IYO and the adjustment of the target (which will be announced soon), we are getting closer and closer to the opening of ZLK transfer and listing.
Although Zenlink has made some achievements since its launch, the team continues to update and optimize the product experience. A few days ago we launched the “Markets” function, which makes it convenient for users to query and add trading pairs with one click, greatly improving the user’s trading experience.
Today we are pleased to announce that Zenlink DEX has officially launched the Create Pair function, allowing the community to create any Moonriver and Bifrost-supported trading pair on Zenlink DEX.
Note: new trading pairs on Bifrost are subject to the Bifrost referendum.
How to create a pair?
Here is a simple tutorial for Creating a Pair:
Step 1: Click “Pool” on the left side of the interface and click “Create a pair”
Step 2: Select or import the Token for which you want to create a trading pair (here take import as an example) and enter the number of tokens
First, enter the contract address of the token you want to import in the input box and click “Import”
Then wait for the confirmation of the import. After confirmation, select the other token of the trading pair and enter the corresponding quantity below.
Finally, the entire process of creating a trading pair is completed by clicking “Approve” and “Create a pair” below. Once created, you will be able to view your liquidity share in “Pool”.
Liquidity Support Program Launched
In order to promote the development of the Polkadot ecosystem and encourage more projects to be listed on Zenlink DEX, we are announcing the launch of the Liquidity Support Program, the main purpose of which is to provide a decentralized trading venue for more Polkadot ecological assets and to accelerate the coordinated development of Zenlink communities and Polkadot based projects.
The program will be divided into two phases, and projects that successfully enter the second phase will receive 1,000–30,000 ZLK as liquidity incentives.
In addition, Zenlink DEX is currently undergoing Trading Mining, during which all pairs listed on Zenlink DEX can be included in the incentive, which means that users will also receive ZLK rewards when trading with newly listed pairs.
The first Liquidity Support Program will be officially launched on November 19, 2021, and will be carried out in two phases. All projects participating in the program must create trading pairs on Zenlink DEX and meet their specific requirements. The Zenlink Foundation and the Zenlink team will act as reviewers to evaluate the participating projects and select the winning projects according to the relevant requirements to receive certain liquidity incentives.
Phase I (November 19, 2021 — December 2, 2021)
Zenlink DEX will officially open the Create Pair function on November 19, after which all projects or communities are free to create trading pairs (for Moonriver supported assets) on Zenlink DEX. We will select the top 10 projects that meet the requirements according to the selection criteria for the next round of competition (due to the limited number of assets on Moonriver, the actual number of shortlisted projects will be adjusted according to the submissions received) and announce the results in the community.
- The participating project must be a project that created a trading pair on Zenlink DEX between November 19 and December 2, 2021.
- The participating project must maintain liquidity of no less than 200,000 USD from November 19 to December 2, 2021.
Phase II (December 3 — December 9, 2021)
We will further evaluate the top 10 projects, and the top three will receive liquidity incentive support. The specific amount will be determined according to the selection criteria and requirements, and the results and details of liquidity incentives will be announced to the community.
- TVL and liquidity share
- Daily active users
- Security audit results provided by third-party audit institutions
- Community influence and size (including but not limited to Twitter, Telegram, Medium, etc.)
In addition, Zenlink DEX also provides Bootstrap functionality, which will help projects leverage their community to achieve certain liquidity goals and enable trading pairs (liquidity pools). However, It is important to note that creating a trading pair independently is in conflict with Bootstrap, and once a trading pair has been created on Zenlink DEX, it cannot be enabled through the Bootstrap program. Therefore, if you are interested in the Bootstrap function, please contact us at firstname.lastname@example.org and we will let you know what information you need to provide and what to do next.
Q: What benefits will I get from creating a pair on Zenlink DEX?
In general, creating a pair on Zenlink DEX will provide the following benefits.
- Opportunity to be included in the winning list of ZLK liquidity support program
- Trading Pair is included in the trading mining incentive, which helps to increase user motivation to trade
- Zenlink community support
Q: How can a project apply for the Liquidity Support Program?
You do not need to apply manually to participate in the Liquidity Support Program. If the development team wants to participate in the program, all they need to do is to create a trading pair on Zenlink DEX and meet the above requirements. Of course, we also welcome the development team to contact us.
Q: Which projects can participate in the Liquidity Support Program?
All projects building on Moonriver is welcome to participate in the Zenlink Liquidity Support Program. Of course, trading pairs already supported by Zenlink DEX will not be able to participate in the Liquidity Support Program. It is also important to note that Zenlink DEX currently does not support the creation of trading pairs of tokens with an inflation/deflation mechanism.
Q: How do I submit my token information/profile to be better displayed on Zenlink DEX?
Currently, Zenlink DEX has opened a channel for users to submit token information on their own, you can submit your token information through the following link: https://github.com/zenlinkpro/assets
There will be a review process, once the review is approved your token icon and other information will be added, the review period will not affect the trading of the token on Zenlink DEX.
Q: Can a project still get liquidity incentives after launching a Bootstrap?
Yes, Bootstraps do not conflict with the Liquidity Support Program, and it will follow a different selection process. If your project is of high enough quality, you can get both Bootstrap and liquidity incentive support.
If you have any questions about Zenlink, please join our Telegram group for answers!
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