zkLink Announces ‘Dunkirk Test’ Launch for DeFi Safety Standard, Utilizing Zero-Knowledge Proofs

zkLink, a multi-chain trading infrastructure that utilizes zero-knowledge proofs to ensure the security of decentralized finance (DeFi) protocols, has announced the first “Dunkirk Test” on May 11-13.

According to the announcement, the test will simulate a sudden shutdown of the zkLink infrastructure for 72 hours to allow users to try the emergency asset recovery feature and earn rewards for participating in the test.

According to Vince Yang, co-founder of zkLink, the Dunkirk Test is like a fire drill for crypto users. He said, “We believe the ‘Dunkirk Test’ could set a new benchmark for safety in the crypto industry. It is unacceptable that 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.”

During the Dunkirk shutdown period, users can go to a recovery node and withdraw their assets to their wallets. Fourteen partners will host recovery nodes, and zkLink’s open-source asset recovery app has been released on Github, enabling anyone to download and run a private recovery node for fund withdrawal.

The Dunkirk Test will also involve one of zkLink’s ecosystem dApps, ZKEX.com, to demonstrate users won’t experience another CeFi-like loss with them. Balal Khan, the 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 mainnet launch of zkLink is planned for summer 2023, soon after the Dunkirk Test. The Dunkirk Test serves two critical purposes: boosting user confidence in the zkLink system’s security and promoting the adoption of the Dunkirk Test as an industry standard for absolute fund security.

The Dunkirk Test is named after the historic evacuation from the beaches of Dunkirk. It is designed to rebuild asset balances from all connected blockchains, ensuring user funds are truly self-custodial. The event will promote the adoption of the Dunkirk Test as an industry standard for absolute fund security.

Note that, to participate in the Dunkirk event, interested users must first join the campaign on Galxe.com and then proceed to trade on the ZKEX.com testnet with free test tokens. The deadline for completing the trades is May 10, one day before the start of the shutdown period.