Understand Cross-Chain Swap Aggregator XY Finance in 5 mins

Posted by Dinesh Kumar on December 3rd, 2021

Singapore, December 3, 2021 -- With the coexistence of multiple chains and the boom of DeFi+NFT+GameFi, cross-chain exchange aggregators have become an essential and critical infrastructure in the entire cryptocurrency market, and the search for more efficient and convenient cross-chain exchange never stops.

XY Finance, a cross-chain swap aggregator for DeFi & Metaverse, aims to provide users with efficient cross-chain swapping services at the best price. It recently closed a million round of funding from Circle (Circle Internet Financial), Infinity Ventures Crypto, Mechanism Capital, Morningstar Ventures, YGG (Yield Guild Games), and Animoca Brands. We are honored to see investors across core pillars in the industry: exchanges, venture funds, research firms, GameFi DAOs, and game developers, such as MEXC Global, TRON Foundation, gCC (gumi Cryptos Capital), Lemniscap, Evernew Capital, PANONY, Axia8, Looksrare.vc and more.

In addition to institutional investors, XY Finance gets backing from individual investors, such as Ben Chan (VP Engineering at Chainlink Labs), Kevin Tai (Co-Founder of Linear Finance), Tom Schmidt (Investment Partner at Dragonfly Capital), and Tempo (CEO of Perpetual Protocol), etc.

XY Finance Operating Model
XY Finance\'s advantage comes from the combination of two components, i.e., X Swap and Y Pool, which is also the operating model of XY Finance. Of them, X Swap will provide cross-chain transfer and swapping services for users, and Y Pool is used to incentivize users to provide liquidity. In return, liquidity providers can receive both swapping fees and governance token rewards. Currently, X Swap already supports cross-chain swap on Ethereum, BSC, Polygon and Fantom. The newly launched Y Pool has opened up liquidity provision services to users.XY Finance Official Channels