Things About Zenlink you will want to know about

If you are reading this, probability that you are finding the next big cryptocurrency token to invest in an get good returns. Well you have come to the right place! I will be introducing the next big thing on Polkadot blockchain which has lots potentials . For some, Zenlink is not a new thing, but i can bet there are some amazing things about them that youhav not heard about before.

zenlink

FIRST, WHAT IS ZENLINK?

Zenlink is a project dedicatd to building a new generation of cross-chain DEX network. By integrating the Zenlink DEX Module, Zenlink can enable parachains to quickly possess 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; Zenlink’s native token ZLK provides a fair and transparent governance mechanism and reasonable value capture methods to incentivize ecological users to participate in long-term network development.

PARTS ZENLINK CONSISTS OF:

zenlink consists of the following:

  1. Zenlink Protocol: The top-level unified general DEX protocol.

2. Zenlink DEX Module: A Module on Substrate Runtime Module Library (SRML) layer according to the Zenlink Protocol standard. Parachains can integrate with it quickly, so that be able to get the DEX function, even share the liquidity with other DEX on other parachains.

3. Zenlink DEX Aggregator: A simple and user-friendly entrance of DEX world which is able to connect with most of DEX on Polkadot, so that user can do one-click trade with multiple DEX on low slippage.

4. Zenlink Token: The native token of Zenlink DEX Protocol (ZLK) which can be used to distribute liquidity benefits, governance, etc

5.Zenlink DEX Network: A decentralized exchange network composed of Zenlink DEX Module, Zenlink DEX Aggregator and other DEX Application on parachains.

ZENLINK ARCHITECTURE

The ZenLink DEX Protocol architecture consista of several classes listed below:

Class Factory: Factory is the core module of ZenLink Dex Protocol. Factory ACTS as a registry. Each token trading pair creates its own pool of liquidity through The Factory. When a liquidity pool is established, initial funds are deposited in it to provide liquidity.

Class Swap : Swap provides a exposed RPC interface for the user to accept transactions and extract liquidity from the user.

Class Balance : Balance maintains the core function of AMM, that is, defining the liquidity constant function used throughout the protocol. Therefore, Balance provides basic liquidity calculation functions for other classes of the protocol, such as initial liquidity calculation, transaction calculation, etc.

Thank you for your time. I hope you enjoyed this and you see good prospects and make good choices in choosing your next investment.

My polkadot Address: 5CJz4Rhq9kFKM19upCLxosL3oSdbJqg6NukTCYoHzjmnigsZ

References:

https://zenlink.pro/en/whitePaper/

https://zenlink.pro/en/

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DeFi Ambassador| Content Creator| Copywriter

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Akanimo Rex

Akanimo Rex

DeFi Ambassador| Content Creator| Copywriter

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