Hi everyone, thank you for the thoughtful engagement and for all the support till date. The NEAR Intents team is committed to scaling Zcash adoption and we will always be strong advocates fervently championing the ZEC ecosystem but after some internal deliberations, we have decided to retract this NEAR Intents grant proposal. We strongly believe that the best way to align incentives is to build great products that solve hard problems which people do not mind paying for and we are confident, that as we get more informed and explore monetisation opportunities for NEAR Intents-based products, we will not require grants to subsidise the engineering efforts.
Further context that hopefully answers some of the questions, NEAR Intents currently does not have any protocol fees and only the app.near-intents.org frontend has fees implemented. We rolled out the fees on the frontend a few weeks ago hence the numbers may look surprisingly low. That said, we do plan to turn on the fee switch for flows broadly on NEAR Intents and this goes into effect next week onwards. Refer here.
We are excited to see teams like ZODL (fka Zashi), Infinex, THORswap, THORwallet, Rhea, Templar and more continue to leverage NEAR Intents to not only support flows into the Zcash ecosystem but also expose the ZEC asset to communities who have historically had no way to acquire ZEC on-chain.
Another important thing to note for general awareness is that NEAR Intents is not just another DEX, we are building the universal liquidity layer for all assets and trading types and already have use cases like lending and DCA built on NEAR Intents for ZEC by independent teams. We’ve also bridged ZEC to Solana and plan to make it accessible via our Omnibridge network to even more chains. We’ve enabled hundreds of millions of dollars to flow seamlessly into Zcash (track it real time on the NEAR Intents explorer) and we only expect to reach more scale as we unveil more products in the coming months.
ZENEAR