TOKEN SWAP RECOVERY AND ZIL-ETH BRIDGE UPDATE: 1 JAN, 2021
As you all know, Zilliqa is building a solution to enable recovery of the unswapped ERC-20 ZILs, which accounts for 1.02% of the max supply of $ZIL in circulation. Those who missed the initial swap will therefore have another opportunity to receive functional native $ZIL once the recovery process is initiated, and benefit from its value and utility within our ecosystem. The solution involves building a bridge connecting ZIL and ETH chains. The bridge will also allow other ERC20 assets as well as $ETH to be moved over
🔜 to the Zilliqa chain. This is a quick update on the progress and the pipeline.
✔ Add all needed constructs in Scilla
✔ Write the key ZILETHManager contract in Scilla
✔ First round of contract testing
✔ Add all needed primitives at the protocol-layer
⌛ Build the ZIL-PolyNetwork2 relayer
⌛ End-to-end integration
🔜 Testing and lots of internal testing
🔜 Launch on testnet and public testing
🔜 Launch on Mainnet
Happy New Year from all of us at Zilliqa!
#HappyZILDays