zkLink, a cross-chain decentralized exchange (DEX) based on zero-knowledge technology, has announced it has received a grant from Polygon, a framework for connecting Ethereum-compatible blockchain networks, to bring cross-chain liquidity solutions to both users and dApp builders on the platform.
While the ability to initiate cross-chain transactions efficiently is a key component of a thriving blockchain ecosystem, maintaining liquidity is often an issue when swapping assets among multiple blockchains.
However, to address this issue, zkLink aggregates liquidity from different ecosystems and makes it possible for native assets on different chains to transact with each other without an intermediate token.
Polygon is a well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. With over 350 dApps using Polygon, its ecosystem is both diverse and scaled. Through the zkLink SDK, Polygon dApp builders will soon be able to power fast, secure transactions without sacrificing liquidity.
“Interoperability is crucial as more projects and dApps enter the blockchain space, but maintaining security, liquidity, and the overall user experience is also crucial. With the support of an established blockchain protocol like Polygon, we’ll be able to introduce our DEX to more projects and developers in need of our fast, secure, and efficient cross-chain solutions.”
– Vincent Yang, Co-Founder of zkLink
As part of the grant, Polygon will provide zkLink with marketing and promotional support, as well as connect the DEX with potential investors and partners. Additionally, zkLink will be able to reach a wider range of users in the Polygon ecosystem to expand its user base for future development.
“There are many exciting developments taking place in the blockchain domain, but zkLink is making its mark by addressing many of the problems that plague interoperability, such as transaction efficiency and loss of liquidity. Integrating Polygon with zkLink is an important step towards creating a fully interoperable future for blockchain and we’re looking forward to witnessing how our users make the most of the integration.”
– Channabasava Korlahalli of Polygon
The grant through Polygon comes on the heels of a $3 million seed round of financing and as zkLink gears up for its mainnet launch to become the first DEX to enable seamless cross-chain swaps across multiple chains, including Polygon, without requiring users to deposit assets on layer-2.