Cross Chain DEX Protocol Zenlink to Launch on Moonriver

November 2, 2021 at 07:10 AM GST 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.

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1/ Announced that Zenlink will launch on @MoonriverNW on November 3, and #IYO will launch at the same time.

Enjoy a 4-week yield season and share 2,600,000 $ZLK!

Read articles and threads for more details ????‍????https://t.co/qcQEcyc6K8
— Zenlink (@ZenlinkPro) October 31, 2021

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.

2/ Yield season consists of Trading Mining, Liquidity Mining, Staking, and Invite to Earn events, where users can participate in the way they like and earn $ZLK. A fair launch is always what we are looking for ~
— Zenlink (@ZenlinkPro) October 31, 2021

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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