To overcome this problem, ZkLink developed zkLink Nova, a layer 3 network connected to eight Ethereum layer 2. At Nova, they introduced MergeToken, a smart contract that combines assets bridged from layer 2s into a single token of equivalent value. This initiative aims to increase capital efficiency in the Ethereum ecosystem and improve user experience and trading prices.

However, there are inherent risks associated with this approach. Users must connect their assets to Nova from other layer 2 blockchains and lock them in an upgradeable smart contract controlled by a multi-signature wallet. This centralized pool of assets can attract the attention of hackers, as previous events in the crypto space have shown.

To address security concerns, ZkLink has taken various measures. They were audited by security partners and implemented a multi-signature wallet controlled by a steering committee made up of various projects and institutions. This committee oversees merger proposals and ensures transparency and security in contract upgrades.

ZkLink Nova leverages zero-knowledge proofs to enable faster and cheaper transactions while recombining the liquidity distribution between different versions of the same assets issued on various layer 2s. However, access to the benefits of liquidity recomposition is exclusive to Nova users.

While ZkLink’s solution represents a significant step towards addressing liquidity fragmentation, broader initiatives such as cross-chain bridges and messaging projects will be needed to fully integrate and connect different blockchains.

However, ZkLink’s efforts offer a promising solution for users and developers looking to alleviate the challenges posed by liquidity fragmentation in the Ethereum ecosystem.

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• Unprecedented Liquidity: Aggregation Parade tackles Ethereum’s fragmented liquidity issue, offering developers a turbocharged platform to unleash their EVM-compatible DApps.
• Seamless Multi-Rollup Access: DApps built on zkLink Nova can seamlessly access liquidity across various Ethereum Layer 2 Rollups, including Arbitrum, zkSync, Manta, Mantle, and Linea.

The Aggregation Parade is a full-fledged celebration, drawing inspiration from the roaring Great Gatsby era. Here’s what awaits you:

When it comes to Yield Campaign, We do it the MEGA way
Presenting “Aggregation Parade” the MEGA yield brought to you by @zkLink_Official. Get ready to stake on Ethereum’s First Aggregated L3 Rollup and EARN THE BIGGEST YIELD of all time!

The countdown has begun, mark your… pic.twitter.com/OWYMd81r0I

— zkLink Nova (@zkLinkNova) March 9, 2024

• Thrilling Yield Campaign: This multi-season campaign boasts an impressive seven ways to earn yield on your crypto assets!
• Limited Edition NFTs: Introducing the “Nova Lynks” NFT collection, designed to enhance your parade experience.

Here’s How to Join the Aggregation Parade (Starting March 13th, 2024):

1. Deposit Assets: Bridge your ETH, mEth, pufETH, and other supported tokens (full list to be announced) to zkLink Nova.
2. Earn Rewards: Receive Nova Points (NP) and a special SBT (Soulbound Token) for your participation.
3. Invite Friends: Expand your network and unlock exclusive benefits. Invite friends to evolve your SBT into a tradeable NFT.
4. Complete Tasks: Participate in bonus tasks to earn even more NP rewards and climb the leaderboard for even bigger prizes.
5. Convert NP: At the end of the season, convert your Nova Points into valuable rewards.

Nova Points (NP) are the currency for the leaderboard system, rewarding early participants in the zkLink Nova ecosystem.

During Phase 1, withdrawals are temporarily restricted for a maximum of 30 days.

Earning Opportunities

• Bridging: Bridge assets to zkLink Nova to earn NP. The minimum bridged amount increases after the initial seven days. Early participants receive a one-time 10x NP boost on their first deposit.
• Staking: Stake various tokens like ETH, BTC, USDC, and other L2 tokens to earn boosted NP rewards based on token class, group staking, and early bird multipliers.
• Referral Program: Invite friends and earn 10% of the Nova Points they collect throughout the campaign. The referral limit will be announced in phases.

what İs zkLink Nova?

zkLink Nova is a groundbreaking Layer 3 zkEVM Rollup network designed to enhance scalability and security for Ethereum and its Layer 2 Rollups. Developers can leverage zkLink Nova’s open platform to deploy Solidity smart contracts and gain instant access to integrated networks. By unifying the DeFi ecosystem for users and DApps, zkLink Nova aims to simplify DeFi and create a seamless blockchain experience.

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What is zkLink?

zkLink is developing zero-knowledge blockchain solutions for the Ethereum ecosystem. Its flagship zero-knowledge aggregator platform, Nexus, provides security and scalability through zk-Proofs while designed to bridge the gap between different zk-Rollup Layer-2 ecosystems to reduce liquidity fragmentation. It also inherits Ethereum’s security features, enhancing performance without compromising on security and reducing the cost of dApp trading.

What is zkLink Nexus?

zkLink Nexus is a Layer 3 solution for native crypto assets coming from different zkRollups in the Ethereum Layer-2 ecosystem, such as zkSync, StarkNet, Scroll, Linea, Taiko, or Polygon zkEVM. Now, developers looking to deploy their projects on Layer 2s no longer need to worry about fragmented liquidity, chain-specific deployments, security risks, or the high costs associated with transferring assets between ecosystems.

zkLink 2024 Roadmap

2024 First Quarter: Fundamental Proposal

In the first quarter of 2024, the project team is accelerating to realize the full potential of ZK for developers who want to make dApp development much more customizable by implementing TS-zkVM circuit extensions and Modular DA (Data Availability) and working on fundamental SDK features. The detailed inclusion of these two features aims to rapidly solve issues related to multi-chain compatibility and enhance the overall performance of dApps.

Alongside TS-zkVM, the ZK Oracle processing pipeline will also be incorporated. The ZK Oracle solution, based on zero-knowledge proof technology, seeks to reduce verification costs in high-frequency price reference scenarios, providing a more efficient and secure oracle solution for dApps and derivative exchanges built on the zkLink ecosystem.

Furthermore, the inclusion of convenience-based features like ZK social login and account abstraction will attract a new wave of developers to our ecosystem, giving us a competitive advantage in gaining a larger share from the base-level talented developer market.

2024 Second Quarter: Expand Features

The team expects the second quarter to be twice as intense as the first quarter. In particular, the focus will be on expanding areas for protocol growth and revenue-generating opportunities, playing a central role in development.

In addition, while continuing to compete with new emerging Layer 1s that stand out with innovative approaches such as parallel EVMs and striving to achieve compatibility with other L2 mainnets, a hybrid mode of AMM and Central Limit Order Book (CLOB) support will be introduced. The hybrid mode will open significant “control freedoms” for developers to start experimenting with creating their commercially viable dApps, addressing various DeFi use cases and demands. Naturally having an AMM will overlap with new support for Proof Auction markets, NFTs, and new trading APIs.

2024 Third Quarter: Increase Connectivity

In the third quarter, as the development of core products progresses in the final stages, the development direction will shift from “diving deep to playing wide.” Importantly, cross-collation interoperability functions that seamlessly aggregate local assets and liquidity between L1s and Ethereum L2s will be enabled. During this period, the team will also start developing a new recursively provable proof verification system that has already proven to be effective in providing not only increased security but also a faster and more cost-effective solution (during internal testing).

2024 Fourth Quarter: Ruthlessly Optimize

Approaching the end of the year, significant growth in the protocol is expected in the fourth quarter. As a result, the technical team will intensify efforts to further develop the infrastructure of zkLink through the integration of hardware acceleration solutions and decentralized sequencing services.

Creating the Community

The team is entirely committed to achieving its goals in a timely manner. Blockchain and crypto are incredibly fast and competitive industries where timely implementation and strategic planning are crucial.

zkLink appreciates all the feedback provided by the community in helping design a decentralized future together. As a token of appreciation, the project will reward community members participating in the zkLink Pioneer Program, an ambassador program where registrations are still open.

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