zkLink, a cross-chain decentralized trade (DEX) based mostly on zero-knowledge know-how, has introduced it has obtained a grant from Polygon, a framework for connecting Ethereum-compatible blockchain networks, to convey cross-chain liquidity options to each customers and dApp builders on the platform.
Whereas the power to provoke cross-chain transactions effectively is a key element of a thriving blockchain ecosystem, sustaining liquidity is usually a problem when swapping property amongst a number of blockchains.
Nevertheless, to deal with this problem, zkLink aggregates liquidity from completely different ecosystems and makes it attainable for native property on completely different chains to transact with one another with out an intermediate token.
Polygon is a well-structured, easy-to-use platform for Ethereum scaling and infrastructure growth. With over 350 dApps utilizing Polygon, its ecosystem is each numerous and scaled. Via the zkLink SDK, Polygon dApp builders will quickly be capable of energy quick, safe transactions with out sacrificing liquidity.
“Interoperability is essential as extra initiatives and dApps enter the blockchain house, however sustaining safety, liquidity, and the general person expertise can also be essential. With the assist of a longtime blockchain protocol like Polygon, we’ll be capable of introduce our DEX to extra initiatives and builders in want of our quick, safe, and environment friendly cross-chain options.”
– Vincent Yang, Co-Founding father of zkLink
As a part of the grant, Polygon will present zkLink with advertising and marketing and promotional assist, in addition to join the DEX with potential buyers and companions. Moreover, zkLink will be capable of attain a wider vary of customers within the Polygon ecosystem to develop its person base for future growth.
“There are lots of thrilling developments happening within the blockchain area, however zkLink is making its mark by addressing lots of the issues that plague interoperability, comparable to transaction effectivity and lack of liquidity. Integrating Polygon with zkLink is a crucial step in direction of creating a totally interoperable future for blockchain and we’re trying ahead to witnessing how our customers take advantage of the mixing.”
– Channabasava Korlahalli of Polygon
The grant by Polygon comes on the heels of a $3 million seed spherical of financing and as zkLink gears up for its mainnet launch to grow to be the primary DEX to allow seamless cross-chain swaps throughout a number of chains, together with Polygon, with out requiring customers to deposit property on layer-2.