zkLink Declares Inaugural Dunkirk Test for Establishing Novel DeFi Safety Norms

zkLink, a multi-chain trading middleware using zero-knowledge proofs, is introducing the Dunkirk Test, a safety standard for decentralised finance (DeFi), running from 11 to 13 May. During the 72-hour shutdown, users can withdraw their assets back to their wallets or join one of zkLink’s partners, such as Alliance DAO or Republic Crypto, running recovery nodes. “We believe the Dunkirk Test could set a new benchmark for safety in the crypto industry,” said Vince Yang, co-founder of zkLink. A number of partners have committed to run recovery nodes for users during the shutdown period. zkLink is planning its mainnet launch for summer 2023.
One of zkLink’s dApps, ZKEX.com, will also undergo the shutdown test. To participate, users will need to join the campaign on Galxe.com and trade on the ZKEX.com testnet using free test tokens until 10 May, the day before the shutdown. Balal Khan, co-founder of ZKEX, said, “Think of this as a fake rug pull with a happy ending, giving peace of mind that crypto traders have ownership and control of their assets at all times, even if zkLink is down, or ZKEX.com disappears.”
The Dunkirk Test aims to boost user confidence in the zkLink security system and promote adoption of the standard to ensure absolutely safe handling of funds. Yang added, “Billions of dollars are lost each year due to custody fraud or cross-chain bridge exploits, so we encourage other DeFi protocols to conduct the same test to prove self-custody of user’s funds.” The ZK-Rollup middleware enables developers and traders to leverage aggregated assets and liquidity from different chains and offer a seamless multi-chain trading experience.