Zenlink Receives Web3 Foundation Grant to Develop Cross-chain DEX Module Prototype for Polkadot

Zenlink
Zenlink Foundation Ltd.
2 min readDec 2, 2020

--

We are proud to announce that Zenlink has received a grant from Web3 Foundation to develop a prototype of a cross-chain DEX module for the Polkadot network. We have now achieved the first milestone in this project.

The Web3 Foundation Grants Program seeks to allocate resources to projects that are beneficial to the advancement of the Polkadot ecosystem. It has supported many famous ecosystem projects, such as Acala, PolkaWorld, PolkaWallet, etc.

It is a great honor for Zenlink to join the program. Zenlink is currently building on Substrate, using its technology to share pooled liquidity across digital assets and parachains in the Polkadot network.

Zenlink aims to help other parachains in the ecosystem by offering them the use of its DEX pallet. It has the basic AMM functionality that generates flows of value from separate assets on a Substrate chain. It is also a handy pallet for anyone building a complex decentralized exchange (DEX) using Substrate technology.

“The DEX pallet will be a convenient tool for anyone building DEX on Substrate, and in particular for those teams who prefer to focus on their own business, rather than the DEX functionality.”

— Leo Guo, Head of Zenlink China

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 quickly access DEX capabilities and share liquidity with other parachains; 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.

Learn more about Web3 Foundation by visiting their website. To learn more about Web3 Foundation’s latest developments, join them on Reddit or Twitter.

--

--

Zenlink
Zenlink Foundation Ltd.

Zenlink is a cross-chain DEX protocol based on Polkadot.