Cooperation over competition! We are excited to announce that the Zenlink native token ZLK is listed on Mangata X. Liquidity mining for the ZLK / MGX pair started on February 22, 10 a.m. UTC. Mangata X users can follow this guide to deposit their ZLK to Mangata X and start earning rewards as soon as the liquidity mining takes off.
A Multichain DEX Token, Powered by Bifrost
Mangata X’s ongoing partnership with Bifrost Finance allowed us to list ZLK on the DEX. The Zenlink native token is a multi-chain asset that lives on various networks in the Polkadot ecosystem. Zenlink is not a chain itself; it is an app that facilitates trading among some of the top Parachains in the Polkadot ecosystem, such as Bifrost (Polkadot and Kusama), Astar, Moonbeam, and Moonriver. The ZLK token on Mangata X will be powered by Bifrost Finance, but it is also possible to bridge this asset to the Moonriver Parachain on the Zenlink interface, which provides a new route to and from the EVM world for liquidity on Mangata X.
Pool Weights and LP Incentives
The Mangata X council has voted on the pool weights after the ZLK listing on the DEX. Liquidity mining rewards for the ZLK-MGX pair will be incentivized with the liquidity target of 20k USD and 1.25% of total emissions.
Do not forget! Our users are always encouraged to join the discussion about the new pool weights in every listing on Mangata X on the Mangata Discord. Participation in these discussions is vital as Mangata progressively decentralizes with the aim of leaving the entire decision of the allocation of emissions to the hands of the community.
Building a Multi-chain Future
The listing of Zenlink’s native token on Mangata X marks another step for the multi-chain future of the Polkadot ecosystem. With Mangata X’s fast and secure trading experience, gasless economy, and multi-chain vision, we are building on the center of integration and cooperation among the top Parachains in the Polkadot ecosystem.
Further Insights
- Check out the most recent roadmaps of Mangata X and Zenlink
- Bridge and trade ZLK on Zenlink DEX
- Check out the documentation on Zenlink Wiki
Stay Informed**!**
Follow Mangata Finance to get updated on all our latest developments:
- Follow us on Twitter @MangataFinance
- Join the Telegram
- Subscribe to our YouTube channel
- Join the Mangata X Newsletter at x.mangata.finance
- Join the Discord channel
About Mangata
Mangata is on a mission to become the #1 DEX on Polkadot, offering traders and liquidity providers the best platform to access unique tokens and earn rewards.
We believe that everyone should have the opportunity to participate in the decentralized economy and benefit from the power of blockchain technology. That’s why we’re creating a user-friendly platform that makes it easy for users to trade, provide liquidity, and earn from multiple passive income streams through double staking rewards, even if they’re new to crypto.
Mangata will offer access to the widest array of Polkadot tokens, better prices for traders by mitigating MEV, and the ability to trade without gas.
At Mangata, we’re dedicated to building a fair and transparent platform that puts the needs of users first, offering the lowest fees for traders and the highest rewards for stakers. We’re committed to continuously improving our platform and offering new features that provide even more value to our users.
Join us on our mission to become the #1 DEX on Polkadot and unlock the full potential of the decentralized economy.
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