DeFi

zkLink Approves 16 Projects in Ecosystem Developer Grant Program Paving the Way for Aggregated Future of DeFi, Announces Phase 2

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Singapore, July 24, 2024 — Aggregate deployment infrastructure builder zkLink today announced the recipients of Phase 1 of its Ecosystem Developer Grant Program, a $20 million ZKL grant program aimed at fueling the growth of its aggregated DeFi ecosystem. The program, which received over 100 applications, approved 16 projects for financial and marketing support to build on zkLink Nova, the industry’s first Layer 3 aggregated deployment network.

Phase 1, which ran from March 11 to July 20, 2024, set aside 10 million ZKL tokens for its beneficiaries. Recipients of the Phase 1 grant include Oku Trade, RedStone, Holdstation, Solv Protocol, Snapshot, NovaSwap, POKT Network, Layerbank, Izumi Finance, AGX, Sturdy, Steer Protocol, Allspark, Protofire, SphereX, and Chainnodes.

Vince Yang, CEO of zkLink, expressed his excitement. “We are thrilled to announce the recipients of Phase 1 of our Ecosystem Developer Grants program. These projects exemplify our exceptional dedication to cultivating a vibrant and transparent aggregated DeFi ecosystem. Each recipient has demonstrated their commitment to advancing aggregated solutions like zkLink Nova, driving innovative change, and inspiring others through their work.”

On zkLink Nova, dApps can access a “unified Ethereum experience” of aggregated assets from eight of Ethereum’s largest Layer 2 staking ecosystems, including Arbitrum, Optimism, Base, ZKsync, Linea, Scroll, Manta, and Mantle. Secured by zero-knowledge proofs and multi-chain state synchronization, zkLink Nova offers developers the ability to explore new, interoperable DeFi primitives while benefiting from the lower gas costs of its aggregated Layer 3 zkEVM network.

“The grant program reflects our vision of seamlessly bridging Web3 and Web2 through industry collaboration. We look forward to seeing how grant recipients will use this funding to advance their projects and contribute to the community,” Yang added.

“Congratulations to all the winners and thank you for your contributions. We look forward to seeing continued progress toward unifying Layer 2 into a single, interoperable platform.”

zkLink Ecosystem Developer Grant Program Phase 2

Phase 2 of the Ecosystem Developer Grant Program will begin on July 24, 2024 and end on September 30, 2024. This phase will build on the successes and lessons learned from Phase 1, ensuring that grant applicants receive guidance, flexible funding mechanisms, and reduced decision-making timelines.

The goal of Phase 2 is to support applications that can positively impact on-chain activity and user experience (UX) on zkLink Nova.

Protocols from various verticals including but not limited to DeFi, meme projects, gaming, and AI are encouraged to apply. Special consideration will be given to open-source solutions and projects with proven track records in Zero-Knowledge (ZK) or Optimism (OP) stacking networks. Phase 2 will also continue to support innovative protocols and encourage the deployment of native dApps on zkLink Nova.

For more information about the zkLink Ecosystem Grant Program or to apply, visit website.

About zkLink

zkLink develops leading zero-knowledge blockchain solutions for the Ethereum ecosystem. Its flagship product, zkLink Nova, is the industry’s first aggregated Layer 3 zkEVM Rollup network built on Ethereum and Ethereum Layer 2 (L2) rollups. It is an open EVM-compatible platform that aggregates dispersed assets across Ethereum Layer 2s for interoperable trading and transactions. It is secured by zero-knowledge proof technology, charges extremely low gas costs, offers fast finality, and inherits its security from Ethereum.

zkLink is funded by notable backers including Coinbase Ventures, Solana Ventures, SIG DTI, Arrington Capital and others.

Media contact:

neil@zklink.org

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