Zenlink will team up with a wide group of collaborators to launch Hybrid AMM and the 1st 4pool on Dotsama
*We have tweaked the base stablecoin of 4pool, UST is not in the scope of 4pool, and the new partner Acala Network will replace Terra. This article was edited on May 31, 2022
On April 5, we officially announced the upcoming launch of Zenlink Hybrid AMM, which combines Standard AMM and Stable AMM and is connected by Zenlink Smart Order Routing to provide a better trading experience for DeFi users.
Today, we are excited to announce that we will be working with Moonbeam, Acala Network, Frax, Multichain, Axelar Network, and Nomad to launch Zenlink Hybrid AMM and the 1st 4pool on Dotsama. They will be the first teams to help and support the initial liquidity, asset bridging, and marketing of Zenlink’s upcoming 4pool to facilitate the widespread adoption of Zenlink Hybrid AMM and the 1st 4pool standard on the Dotsama ecosystem for the benefit of users.
Zenlink 4pool is a new curve pool consisting of USDT, USDC, FRAX and xcAUSD, designed to bridge the gap between centralized and decentralized stables and create a place for all stables widely used in the Dotsama ecosystem to be traded in a convenient and efficient way. With Zenlink smart order routing, Standard AMM and Stable AMM will be connected and Stable AMM with 4pool standard will act as the middle layer for trading, providing the best trading path for all Dotsama-based assets.
The following pools will be offered first by Zenlink on Moonriver network and Moonbeam Network:
- The 4pool on Moonriver is a new curve pool consisting of USDT+USDC+xcAUSD+FRAX (USDT, USDC bridged by Multichain)
- The 4pool on Moonbeam is a new curve pool consisting of madUSDT+madUSDC+xcAUSD+FRAX.
More stable pools will be gradually added.
Before the official launch, it is necessary to reintroduce dotsama users to the differences between these stablecoins and their sources.
any stablecoins (anyUSDT/anyUSDC)
anyUSDT, anyUSDC and other “any” marked assets on the Zenlink platform are assets bridged from Ethereum to Moonbeam via Multichain (formerly Anyswap). They are anchored 1:1 to their counterparts on Ethereum such as USDT, USDC, etc. in the form of collateralized minting. On the Moonriver network since Multichain is the main bridge used, we do not mark them, the USDT and USDC you see on Zenlink are bridged via Multichain.
mad stablecoins (madUSDT/madUSDC/madDAI)
Similar to any asset, madUSDT, madUSDC, madDAI and other “mad” marked assets on the Zenlink platform are all assets that are bridged from Ethereum to Moonbeam via Nomad. They are 1:1 anchored to their counterparts on Ethereum such as USDT, USDC, DAI, etc. in the form of collateralized minting.
FRAX is the first stablecoin to combine collateral (like MakerDAO’s DAI) with algorithmic stablecoin design principles to create a new scalable, de-trusted stable on-chain currency, with FRAX anchored 1:1 to the U.S. dollar. To date, the total supply of FRAX is over $2.6 billion, of which FRAX in Moonbeam network currently has a supply of $21M. Learn more here: https://frax.finance/
Acala USD (aUSD/xcAUSD)
The Acala USD (aUSD) stablecoin is a decentralized, over-collateralized stable currency that serves as the native stablecoin of the Polkadot and Kusama ecosystem. aUSD is minted from a variety of reserve assets such as DOT, ACA, LDOT, and LKSM. This allows holders of the reserve assets to earn, spend, trade, and access other services without price volatility while retaining ownership of their reserve assets. xcAUSD is the XC-20 token on Moonriver&Moonbeam, the token symbol for aUSD after it has been transferred to the Moonriver&Moonbeam network via XCM. Learn more here: https://docs.acaladollar.app/
We are grateful to all teams for their support and hope more teams will join us to drive the Dotsama ecosystem forward and achieve a win-win situation. We will soon release more information about the launch of Zenlink Hybrid AMM, so stay tuned!
Learn more about Zenlink: