As part of the exciting development of the digital asset ecosystem, zkLink is proud to announce the launch of its Liquidity Alliance program. The initiative aims to significantly improve the trading experience in the zkLink ecosystem by encouraging market makers to provide liquidity and promote trading activities among users.
The Liquidity Alliance program is carefully designed to connect market makers with our respective decentralized applications (dApps) in our ecosystem, offering highly specialized liquidity solutions on demand. The move aims to attract market makers to zkLink dApps, ensuring seamless liquidity provision on the network.
Rewards will be distributed regularly to liquidity providers and traders as an ongoing incentive to participate in the zkLink ecosystem. zkLink is committed to providing additional incentives beyond existing rewards in our ecosystem projects. This program is not just a collaboration, but a stepping stone towards creating a more dynamic and convenient trading environment for all zkLink members.
Rewards and token distribution
To maintain a constant incentive, rewards will be distributed regularly to both liquidity providers and traders. A significant amount of $ZKL tokens have been allocated for this program.
Rewards for Specialized Market Makers
A significant amount of $ZKL tokens will be proportionally distributed among qualified market makers.
Allocation will be based on criteria such as maker volume, depth and spreads, with specific rules to be announced later.
Trade incentives
An additional supply of $ZKL tokens is being allocated to stimulate trading activity for both retailers and market makers on the zkLink platform.
Phase I: Program Goal
Phase I will run from the fourth quarter of 2023 until the end of the first quarter of 2024, and market makers will be invited to participate in this incentive. The main goal of Phase I is to support liquidity provision and trading in the zkLink ecosystem. Market makers are encouraged to bring liquidity to various decentralized applications in the ecosystem to improve the overall trading experience and attract a wider user base.
At the time of writing, zkLink is pleased to partner with key industry players including Skynet, Asymmetries, EF, Keyrock, Wintermute, Selini and Flowdesk. . These partnerships are not only a testament to the strength of the program, but also open up joint marketing opportunities, ensuring mutual growth and accessibility.
Phase II: Program Expansion
Phase II for zkLink will further expand the program to include more market makers who align with zkLink's mission and vision to expand the liquidity of the ecosystem. During this period, we expect an influx of dApps and more users into the ecosystem. Applications for market makers wishing to participate in the Liquidity Alliance program will move from invitation-only to open applications.
Commitment to Fair Trade Practices
To maintain fair trading on the platform, zkLink will implement sophisticated algorithms and mechanisms to prevent wash trading and ensure that the liquidity provided is efficient and ethical.
The zkLink Liquidity Alliance program marks an important milestone in our journey to create a more inclusive and efficient digital asset ecosystem. By promoting collaboration and stimulating market participation, zkLink remains steadfast in its commitment to improving the trading experience for all users.
Đ zkLink
zkLink is building the first multi-layer Layer 3 to solve the problem of liquidity fragmentation in Ethereum L2 accumulators. Layer 3 gives developers the best for less, making complex multi-chain dApp deployments as easy as an API. zkLink, powered by ZK technology, offers developers strong security, highly customizable options, and limitless liquidity.
Discord Project: discord.com/invite/zklink$
