Cross Chain DEX Protocol Zenlink to Launch on Moonriver

zenlink will launch on moon river
1 min read News
  • Zenlink will launch on the Moonriver Network, together with its initial yield offering (IYO).
  • Users can join a 4-week yield season and share in the 2.6M ZLK reward pool.
  • Zenlink was developed in the Polkadot ecosystem in 2020.

Cross-chain decentralized exchange (DEX) protocol Zenlink announced its official launching on the Moonriver Network on November 3. As part of the festivities, Zenlink will hold an initial yield offering (IYO). Specifically, this event will run for four weeks and distribute a total reward pool of 2.6 million ZLK tokens to eligible participants.

According to an announcement, the IYO has set three goals to successfully complete the initial offering of ZLK. These are the following: total value locked must be greater than or equal to $100 million; three consecutive trading days must reach at least $50 million; and total ZLK token addresses must be at least 50,000.

In another tweet, Zenlink specified the activities that will accomplish the conditions set by the IYO.

Zenlink is a cross-chain DEX platform developed on the Polkadot ecosystem in 2020. In September 2021, Zenlink held a successful Series A funding round led by Alameda Research that saw the active participation of well-known investment companies. These include IOSG Ventures, OKEx Blockdream Ventures, TRG Capital, and more.

Meanwhile, Moonriver is a decentralized Ethereum-compatible parachain built on Kusama, an identical twin blockchain of Polkadot.

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