Unveiling Zenlink Eden: Revolutionizing Yield Management on Polkadot Ecosystem
We are thrilled to announce the official launch of Zenlink Eden, a revolutionary yield marketplace designed to empower users’ yield management within the Polkadot ecosystem.
Zenlink Eden is now live on Moonbeam Network and ready to transform the way you manage and optimize your yield-bearing assets.
What is Zenlink Eden?
Zenlink Eden is a permissionless yield marketplace based on the Polkadot ecosystem. It allows users to tokenize their yield-bearing assets into standardized yield tokens (SY), principal tokens (PT), and yield tokens (YT). This innovative platform offers advanced yield management solutions, enabling users to execute advanced yield strategies easily.
Two yield markets, vDOT & vGLMR powered by Bifrost, will open at the Zenlink Eden launch, you can try it out here: https://app.zenlink.pro/market
For more information about Zenlink Eden, please visit the Zenlink Eden Docs.
Why do we need Zenlink Eden?
In the rapidly evolving DeFi landscape, managing and optimizing yields from various assets can be complex and time-consuming. We need a platform to unify and streamline this process.
On the other hand, the Polkadot ecosystem is rich with yield-bearing assets such as vDOT, stDOT, LDOT, etc. However, many of these assets lack application scenarios to further enhance capital efficiency and achieve higher returns.
Zenlink Eden addresses this gap by providing a unified platform where users can split, trade, and manage their yield-bearing assets. With features like fixed yield positions, yield exposure enhancement and liquidity provision, Zenlink Eden ensures that users can maximize their returns while minimizing risks.
How to maximize your yield with Zenlink Eden?
Zenlink Eden allows you to perform advanced yield strategies such as:
- Earn Fixed Yield: Lock in current yields by purchasing PT, ensuring stable returns at maturity.
- Enhance Yield Exposure: Increase your exposure to asset yields by purchasing YT, and betting on rising yields.
- Earn LP Yield: Earn rewards by adding liquidity to pools, benefiting from multiple revenue streams.
Through the above strategies, Zenlink Eden enables users to maximize the potential of yield management within the Polkadot ecosystem. For more details on how to execute the above strategies, please refer to our user guide.
What’s next?
As we continue to innovate and expand, our next steps include integrating more yield-bearing assets and enhancing the user experience with additional features. It should include:
- StellaSwap’s stDOT
- Acala’s LDOT
- Beamex’s BLP
- More vTokens from Bifrost (eg. vMANTA)
We aim to build a robust and dynamic ecosystem that maximizes user returns and fosters long-term sustainability. Stay tuned for more updates and enhancements as we strive to make Zenlink Eden the go-to platform for yield management in the Polkadot ecosystem.
Join us on this exciting journey and start optimizing your yields with Zenlink Eden today: https://app.zenlink.pro/market
FAQ
1. Which network does Zenlink Eden work on?
Zenlink Eden is now live on the Moonbeam network. Other networks are not supported at this time. Users need to switch the network to Moonbeam and hold GLMR tokens in their wallet for network gas fees.
2. How can I transfer vTokens from Bifrost to the Moonbeam network?
Since Zenlink Eden is only available on the Moonbeam network, users holding vTokens (vDOT, vGLMR, etc.) on the Bifrost Polkadot or other Polkadot parachains need to cross-chain transfer the assets to the Moonbeam network. The cross-chain transfer is powered by Polkadot XCM. You can refer to the following links for transfer:
- Bifrost App: https://app.bifrost.io/crosschain
- Moonbeam App: https://apps.moonbeam.network/moonbeam/xcm
3. What is the maturity date?
Each PT and YT has a maturity date. If you hold PT, you can redeem the full underlying tokens after the maturity date (eg. PT-vDOT → DOT). As for YT, the yield from the underlying yield-bearing tokens accumulates and is distributed only until the maturity date. After the maturity date, YT will no longer have value.
4. When would I need to use the (Un)wrap function?
Generally, users do not need to use the (Un)wrap function manually. All operations that involve wrapping yield-bearing tokens into SY are executed automatically by the protocol.
However, since the interest accrued by YT from the underlying yield-bearing assets is distributed through SY tokens, users will need to use the “Unwrap” function to convert SY back into yield-bearing assets or perform other operations like providing liquidity after claiming YT interest.
5. How can I earn fixed yield through Zenlink Eden?
You can earn fixed yield by using Zenlink Eden’s Swap function to exchange yield-bearing assets (such as vDOT) for PT and simply hold PT until the maturity date. As mentioned, PT can be redeemed for the full underlying tokens after the maturity date. For example, 1 PT-vDOT can be redeemed for 1 DOT (or 1 vDOT worth of DOT) after maturity.
6. What is an Epoch?
In Zenlink Eden, an Epoch is exactly one week. Each Epoch starts and ends on Thursday at 00:00 UTC.
Each Epoch will have a veZLK voting snapshot, and the fees accumulated in each pool will be distributed every 4–5 weeks to veZLK holders who voted for the pools.
7. Why is the underlying APY shown on Zenlink Eden different from the APY shown in the underlying protocol?
The underlying APY displayed on Zenlink Eden is a 7-day average of the underlying protocol (with some assets like GLP as exceptions) to smoothen out short-term fluctuations of the underlying protocol’s APY.
8. Has Zenlink Eden been audited?
Zenlink Eden is a fork of Pendle. Pendle’s codebase has undergone a comprehensive audit by renowned auditors, and all vulnerabilities have been addressed. You can read the audit report here. Nevertheless, we advise users to exercise caution and deploy funds carefully.
Learn more about Zenlink:
📍 — DEX DAPP | Website | Twitter| Github | Discord | Telegram EN | Telegram CN | Announcements Channel
📚 — Whitepaper | Tokenomics
