Singapore, Singapore, May 3, 2023 by Chainwire
zk link, a multi-chain transaction middleware utilizing zero-knowledge proofs, announced the first “Dunkirk Test,” a new security standard for DeFi, on May 11-13. During the event, zkLink will shut down the server for 72 hours, invite users to try out the emergency asset recovery function, and participate in the test to get rewards.
“The Dunkirk test is like a fire drill for crypto users. We will simulate a sudden shutdown of zkLink’s infrastructure so users can learn how to recover their assets,” said zkLink co-founder Vince Yang. “We believe the ‘Dunkirk Test’ can set a new security benchmark for the crypto industry. It is unacceptable to lose billions of dollars each year due to escrow fraud or cross-chain bridge vulnerabilities, so we encourage other DeFi protocols to do the same testing to demonstrate self-custody of user funds.”
The Dunkirk shutdown period starts at 12:00 noon on May 11th, Singapore time, during which users can go to the recovery node to get their assets back to their wallets.
ZKEX.com, one of zkLink’s ecological dApps, will also participate in the shutdown test.
To participate in the Dunkirk event, users should first join the event on Galxe.com and then trade on the ZKEX.com testnet with free test tokens by May 10th, the day before the close.
“The ZKEX team is building what we hope will be the most secure full-chain DEX in the industry. So, to prove it, we will close access to our trading platform together with zkLink to prove that users will not experience CeFi-like losses again,” ZKEX said Balal Khan, co-founder of . “Think of this as a fake rug pull for a happy ending, giving crypto traders peace of mind that even if zkLink shuts down or ZKEX.com disappears, crypto traders always own and control their assets.”
In addition to fourteen partners hosting recovery nodes, zkLink’s open-source asset recovery application has been released on Github, and anyone can download and run a private recovery node for fund withdrawals.
zkLink’s mainnet is scheduled to launch shortly after the Dunkirk test in summer 2023.
For more information on the Dunkirk Asset Recovery Test, please visit zk.link/Dunkirk
About zkLink
zkLink is a multi-chain trading infrastructure protected by zk-SNARKS, supporting the next generation of decentralized trading products, such as order book DEX, NFT market, etc.
By connecting various L1 blockchains and L2 networks, zkLink’s unified multi-purpose ZK-Rollup middleware enables developers and traders to leverage aggregated assets and liquidity from different chains, and provides a seamless multi-chain transaction experience for More accessible and efficient DeFi contributes to the ecosystem for all.
About “Dunkirk Test”
Inspired by the historic evacuation of Dunkirk Beach, the zkLink Dunkirk Test serves two key purposes: to increase user confidence in the security of the zkLink system, and to promote the adoption of the Dunkirk Test as the industry standard for absolute financial security.
In the first test, the zkLink protocol will be down for three days, allowing users to recover their assets from a hosted or self-hosted recovery node. Asset balances will be rebuilt from all connected blockchains and withdrawn back to the user’s wallet, giving you peace of mind that user funds are truly self-custody.
A number of partners have committed to running recovery nodes for users during the Dunkirk shutdown, namely Alliance DAO, Ascensive Assets, BitEye, Bware Labs, CyberConnect, Kepler-428 DAO, Meria, Morningstar Ventures, Republic Crypto, Secure3, Smrti Labs, TokenInsight, Unipass, and Verilog.
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