Partnership between Zenlink & OpenOcean
The rise of DeFi makes the value of the liquidity of cryptocurrencies become more and more prominent. However, limited liquidity is scattered everywhere with the continuous introduction of different DeFi protocols on various public chains. Now, more innovative DeFi products such as cross-chain and aggregation protocols bring more new possibilities to the liquidity market.
On March 11, Zenlink formally reaches a strategic partnership with Full Aggregation Protocol OpenOcean. Going forward, OpenOcean will aggregate Zenlink DEX liquidity and provide users with a convenient trading portal for crypto assets on Polkadot. In addition, with a shared focus on cross-chain protocol, the two sides will also jointly explore the technical possibilities of multi-chain aggregation.
Currently, OpenOcean has aggregated public chains such as Ethereum, Binance Smart Chain (BSC), Tron, and Ontology, and also the mainstream DEXs building on them. Besides, it is worth pointing out that this cooperation is not only the first time that Zenlink has established a cooperative relationship with projects other than Polkadot ecosystems, but also the first time that OpenOcean has expanded their aggregation to Polkadot ecosystem and aggregated Polkadot-based DEXs.
According to the previous steps of Rococo V1 testnet connection, Zenlink will soon be connected to Rococo V1. And Zenlink testnet is expected to be launched during the Parachain Slots Offering (PLO). OpenOcean will formally aggregate Zenlink DEX after its mainnet goes live so as to help users find and implement the optimal transaction price in Polkadot ecosystem. Furthermore, Zenlink will also capture more liquidity through this cooperation with OpenOcean and provide users with a better trading experience.
OpenOcean is the first cross-chain full aggregation protocol that aggregates mainstream DEXs on public chains and mainstream CEXs. OpenOcean supports users to trade at the best price and lowest slippage with the one-stop transactions. OpenOcean currently aggregates mainstream DEXs (decentralized exchange) on mainstream public chains such as Ethereum, BSC, Ontology, and Tron and also centralized Binance Exchange. With the help of their intelligent order routing and in-depth optimization of intelligent routing algorithms, OpenOcean can help users trade at the best price and lowest slippage.
For more information about OpenOcean click here
Zenlink is an underlying cross-chain DEX protocol based on Polkadot, and is committed to become the DEX composable hub of Polkadot. By accessing the ultimate, open and universal cross-chain DEX protocol based on Substrate, Zenlink DEX Protocol enables all parachains to build DEX and achieve liquidity sharing in one click. Zenlink DEX Protocol includes Module, WSAM, and EVM implementations, which are flexible and adaptable, allowing for customizable compositions and interoperability with different DeFi modules.
In addition, the Zenlink DEX Aggregator connects all DEX DApps on Polkadot and aggregates liquidity, providing a low slippage trading experience for users. Zenlink DEX Composable Hub enables developers to access the Zenlink DEX Module to build their own unique DEXs, forming a DEX composable hub for the Polkadot ecosystem. Currently, Zenlink has received two rounds of Web3 Foundation Grants and investments from several well-known institutions.