Zenlink will team up with a wide group of collaborators to launch Hybrid AMM and the 1st 4pool on Dotsama
On April 5, we officially announced the upcoming launch of Zenlink Hybrid AMM, which combines Standard AMM and Stable AMM and is connected by Zenlink Smart Order Routing to provide a better trading experience for DeFi users.
Today, we are excited to announce that we will be working with Moonbeam, Terra, Frax, Multichain, Axelar Network, and Nomad to launch Zenlink Hybrid AMM and the 1st 4pool on Dotsama. They will be the first teams to help and support the initial liquidity, asset bridging, and marketing of Zenlink’s upcoming 4pool to facilitate the widespread adoption of Zenlink Hybrid AMM and the 1st 4pool standard on the Dotsama ecosystem for the benefit of users.
Zenlink 4pool is a new curve pool consisting of anyUSDT, anyUSDC, FRAX and UST, designed to bridge the gap between centralized and decentralized stables and create a place for all stables widely used in the Dotsama ecosystem to be traded in a convenient and efficient way. With Zenlink smart order routing, Standard AMM and Stable AMM will be connected and Stable AMM with 4pool standard will act as the middle layer for trading, providing the best trading path for all Dotsama-based assets.
The following pools will be offered first by Zenlink on Moonbeam network:
- 4pool (anyUSDT+anyUSDC+FRAX+UST)
- mad/4pool (madUSDT+madUSDC+madDAI+4pool)
Subsequently, more asset pools will be added and Stable AMM will be launched on the Moonriver network.
Before the official launch, it is necessary to reintroduce dotsama users to the differences between these stablecoins and their sources.
any stablecoins (anyUSDT/anyUSDC)
anyUSDT, anyUSDC and other “any” marked assets on the Zenlink platform are assets bridged from Ethereum to Moonbeam via Multichain (formerly Anyswap). They are anchored 1:1 to their counterparts on Ethereum such as USDT, USDC, etc. in the form of collateralized minting.
mad stablecoins (madUSDT/madUSDC/madDAI)
Similar to any asset, madUSDT, madUSDC, madDAI and other “mad” marked assets on the Zenlink platform are all assets that are bridged from Ethereum to Moonbeam via Nomad. They are 1:1 anchored to their counterparts on Ethereum such as USDT, USDC, DAI, etc. in the form of collateralized minting.
FRAX
FRAX is the first stablecoin to combine collateral (like MakerDAO’s DAI) with algorithmic stablecoin design principles to create a new scalable, de-trusted stable on-chain currency, with FRAX anchored 1:1 to the U.S. dollar. To date, the total supply of FRAX is over $2.6 billion, of which FRAX in Moonbeam network currently has a supply of $21M. Learn more here: https://frax.finance/
UST (TerraUSD)
UST (TerraUSD) is a decentralized algorithmic stablecoin for the Terra blockchain, pegged to the value of the U.S. dollar and offering a higher level of scalability, interest rate accuracy and inter-chain usage, according to its minting mechanism, each UST minted requires burning $1 worth of LUNA tokens. To date, the UST has over $16 billion in circulation, ranking fourth in the stablecoin market. Notably, the UST used in Zenlink 4pool is the Axelar Wrapped UST, which is bridged from the Terra blockchain to the Moonbeam network via the Axelar Network. Learn more here: https://www.terra.money/
We are grateful to all teams for their support and hope more teams will join us to drive the Dotsama ecosystem forward and achieve a win-win situation. We will soon release more information about the launch of Zenlink Hybrid AMM, so stay tuned!
Learn more about Zenlink:
— DEX DAPP | Website | Twitter| Github | Telegram EN | Telegram CN | Announcements Channel
— Whitepaper | Tokenomics
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