Singapore, Singapore, Might third, 2023, Chainwire
zkLink, a multi-chain buying and selling middleware using zero-knowledge proofs, broadcasts the primary “Dunkirk Take a look at”, a brand new DeFi security customary, on Might 11-13. Throughout this occasion, zkLink will shut down its servers for 72 hours, inviting customers to strive the emergency asset restoration function, and earn rewards for collaborating within the take a look at.
“The Dunkirk Take a look at is sort of a hearth drill for crypto customers. We are going to simulate a sudden shutdown of the zkLink infrastructure, in order that customers can learn to recuperate their property,” mentioned Vince Yang, co-founder of zkLink. “We imagine the ‘Dunkirk Take a look at’ may set a brand new benchmark for security within the crypto trade. It’s unacceptable that billions of {dollars} are misplaced annually on account of custody fraud or cross-chain bridge exploits, so we encourage different DeFi protocols to conduct the identical take a look at to show self-custody of consumer’s funds.”
The Dunkirk shutdown interval begins on Might 11 at 12pm Singapore time, throughout which customers can go to a restoration node and withdraw their property again to their wallets.
One in every of zkLink’s ecosystem dApps, ZKEX.com, can even participate within the shutdown take a look at.
To take part within the Dunkirk occasion, customers ought to first be a part of the marketing campaign on Galxe.com, then commerce on the ZKEX.com testnet utilizing free take a look at tokens till Might 10, the day earlier than the shutdown.
“The ZKEX group is constructing what we hope is the most secure omni-chain DEX within the trade. So to show it, we’re becoming a member of zkLink in shutting down entry to our buying and selling platform to display customers gained’t expertise one other CeFi-like loss with us,” mentioned Balal Khan, co-founder of ZKEX. “Consider this as a pretend rug pull with a contented ending, giving peace of thoughts that crypto merchants have possession and management of their property always, even when zkLink is down, or ZKEX.com disappears.”
Along with fourteen companions internet hosting restoration nodes, zkLink’s open-source asset restoration app has been launched on Github, enabling anybody to obtain and run a non-public restoration node for fund withdrawal.
The mainnet launch of zkLink is deliberate for summer time 2023, quickly after the Dunkirk take a look at.
For extra details about the Dunkirk asset restoration take a look at, go to zk.hyperlink/dunkirk
About zkLink
zkLink is a multi-chain buying and selling infrastructure secured with zk-SNARKS, empowering the subsequent era of decentralized buying and selling merchandise equivalent to order guide DEX, NFT marketplaces, amongst others.
By connecting varied L1 blockchains and L2 networks, zkLink’s unified, multi-purpose ZK-Rollup middleware permits builders and merchants to leverage aggregated property and liquidity from completely different chains and supply a seamless multi-chain buying and selling expertise, contributing to a extra accessible and environment friendly DeFi ecosystem for all.
Concerning the ‘Dunkirk Take a look at’
Impressed by the historic evacuation from the seashores of Dunkirk, the zkLink Dunkirk Take a look at serves two vital functions: boosting consumer confidence in zkLink system safety and selling the adoption of the Dunkirk Take a look at as an trade customary for absolute fund safety.
On this first take a look at, the zkLink protocol will shut down for 3 days, permitting customers to recuperate their property from both a hosted or self-hosted restoration node. Asset balances shall be rebuilt from all linked blockchains, and withdrawn again to customers’ wallets, giving peace of thoughts that consumer funds are actually self-custodial.
Various companions have dedicated to run restoration nodes for customers in the course of the Dunkirk shutdown interval, specifically Alliance DAO, Ascensive Property, BitEye, Bware Labs, CyberConnect, Kepler-428 DAO, Meria, Morningstar Ventures, Republic Crypto, Secure3, Smrti Labs, TokenInsight, Unipass, and Verilog.
To remain up to date and study extra about zkLink, observe zkLink on:
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Contact
zkLink Advertising and marketing Staff
[email protected]
