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XY Finance reviews

Founded 3 years ago in 2021.

Use anonymously. No KYC required.

Decentralised exchange.

Open source code can be publicly reviewed.

Reviewed by Yunis
15 June 2023 (Updated 11 June 2024)

XY Finance Crypto Platform

XY Finance is the decentralized finance ecosystem that facilitates GameFi and NFT interoperability. XY Finance was established in 2021 in Taiwan and it was developed by Wilson Huang and a team of 25 people with experience at Ethereum Foundation, Yahoo, Mediatek and IBM, XY Coin is the native token of the ecosystem. The team also includes professionals with backgrounds in marketing, finance, and blockchain who are passionate about developing cutting-edge financial services and products that enable people to take charge of their finances. The protocol is built on ZkSync Layer2 network.

The core of the XY DAO and the protocol itself is the XY Token ($XY as the ticker), which is incorporated into the XY Finance Ecosystem together with products (X Swap & Y Pool) related to Web3, DeFi, and GameFi. To address what can be referred to as the "liquidity problem," the community-driven platform XY was created. It makes sure that users get the optimal routes and that liquidity suppliers are motivated by $XY to stack yields gradually.

As a cross-chain interoperability protocol that combines bridges in addition to DEXs, XY finance assist in rerouting your assets of various sorts at the best rate and the fastest time feasible. Whatever the transaction type—split or batch—XY Finance assists in finding the finest deals with the lowest prices. Additionally, every transaction step and cross-chain transfer will be completed instantly, outpacing that of our industry rivals.

XY Finance uses XY Tokens for liquidity mining, staking incentives and governance decisions. XY Finance’s mission is to facilitate the safe and seamless transfer of all assets on the chain. Tokens, NFTs and more on all blockchains are included in the targeted assets to facilitate transfer. In XY Finance, where users can earn passive income with the developed staking and incentive systems; There are utilities for every area that the blockchain changes, such as barter, gaming, and trading.

XY Finance presents X Swap and Y Pool to achieve the easiest and fastest cross-chain swap operation. A decentralized full cross-chain DEXs aggregator is called X Swap. It intends to assist users in finding the most effective cross-chain paths/routes among the DEXs on our supported chains and handle the trade specifics and minutiae while transactions are in progress. Those who suffer through the lengthy cross-chain swap processes can now instantly transfer their coins to any chains with just one click thanks to X Swap. A cross-chain liquidity pool protocol is called Y Pool. Users can contribute their liquidity to the Y Pool and receive compensation from the swap fees and liquidity mining in proportion to their participation. The fact that Y Pool simultaneously controls and handles the liquidity on many chains sets it apart from other platforms.

There are lots of advantages of XY Finance.We can list the advantages of XY Finance (XY) Token as follows;

  • NFT enables GameFi and token interoperability.
  • Users can earn passive income through staking or mining.
  • Clearing and trading speed is fast and transaction fees are low.

And now, you are wondering about the disadvantages of XY Finance. Like all of them, XY Finance also has some disadvantages but these are not disadvantages to worry about. We can say that the sharp decreases in prices are a disadvantage. But this is not a specific disadvantage to XY Finance. Also, XY Finance's token XY is listed on Gate.io and planning to expand listing to major cryptocurrency exchanges such as Binance, Huobi Global, or KuCoin. This is also a disadvantage. All in all, XY Finance (XY) Coin is a blockchain project that offers its users many benefits, from passive income to fast cross-chain processing.

XY Finance links every chain, exchanges every asset, and provides services to every user. Borderless and seamless shifting is only a few clicks away with the ultimate routing across several chains.

Pros

tick $3,200,821 USD currently invested (TVL)
tick Investments in 29 coin pairs available
tick Supports 11 protocols including Arbitrum, Optimism and Ethereum

Cons

cross Investments in liquidity pools can be higher risk
cross Liquidity pool investments are only suitable for advanced crypto users

XY Finance Staking Yields

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Columns
  Product Yield Chain Term Yield Yield Trend TVL TVL Trend
ETH
7.49%
ETH 7.49% APY
-
Instant Access
7.49%
ETH 7.49% APY
$198,654
ETH
7.49%
WETH 7.49% APY
Polygon
Instant Access
7.49%
WETH 7.49% APY
$368,462
ETH
7.49%
ETH 7.49% APY
Binance Smart Chain
Instant Access
7.49%
ETH 7.49% APY
$59,041
ETH
7.49%
ETH 7.49% APY
Avalanche C-Chain
Instant Access
7.49%
ETH 7.49% APY
$93,013
ETH
7.49%
WETH 7.49% APY
Cronos
Instant Access
7.49%
WETH 7.49% APY
$106,279
ETH
7.49%
ETH 7.49% APY
Arbitrum
Instant Access
7.49%
ETH 7.49% APY
$38,223
ETH
7.49%
ETH 7.49% APY
Ethereum
Instant Access
7.49%
ETH 7.49% APY
$18,439
USDC
6.81%
OUSDC 6.81% APY
Klaytn
Instant Access
6.81%
OUSDC 6.81% APY
$11,310
USDT
2.32%
USDT 2.32% APY
Astar
Instant Access
2.32%
USDT 2.32% APY
$10,151
USDT
2.02%
USDT 2.02% APY
Klaytn
Instant Access
2.02%
USDT 2.02% APY
$11,579
USDC
1.32%
USDC 1.32% APY
Ethereum
Instant Access
1.32%
USDC 1.32% APY
$81,049
USDC
1.32%
USDC 1.32% APY
Binance Smart Chain
Instant Access
1.32%
USDC 1.32% APY
$53,564
USDC
1.32%
USDC 1.32% APY
Optimism
Instant Access
1.32%
USDC 1.32% APY
$70,512
USDC
1.32%
USDC 1.32% APY
Cronos
Instant Access
1.32%
USDC 1.32% APY
$41,496
USDC
1.32%
USDC 1.32% APY
-
Instant Access
1.32%
USDC 1.32% APY
$66,781
USDC
1.32%
USDC 1.32% APY
Arbitrum
Instant Access
1.32%
USDC 1.32% APY
$73,857
USDC
1.32%
USDC 1.32% APY
Polygon
Instant Access
1.32%
USDC 1.32% APY
$20,978
USDC
1.32%
USDC 1.32% APY
Avalanche C-Chain
Instant Access
1.32%
USDC 1.32% APY
$74,205
USDC
1.32%
USDC 1.32% APY
Thundercore
Instant Access
1.32%
USDC 1.32% APY
$18,855
USDC
1.32%
USDC 1.32% APY
KCC
Instant Access
1.32%
USDC 1.32% APY
$13,970
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XY Finance Key Data

Company
Automatic market maker tick Yes
Year founded 2021
Country incorporated in Taiwan
Decentralised tick Yes
Open source tick Yes
Products
Savings accounts tick Yes
Crypto to crypto exchange tick Yes
Fiat to crypto exchange cross No
Peer to peer exchange cross No
Margin trading cross No
Fast account verification tick Yes
Futures exchange cross No
DEX aggregator tick Yes
Chain agnostic cross No
Security
Know your customer cross No
Credit check cross No
Support
24/7 support tick Yes
Email support tick Yes
Phone support cross No
Chat support tick Yes
Investment Strategy
Liquidity pools tick Yes
DeFi products tick Yes
Key People
Wilson Huang
Founder

AXY Finance is incorporated in Taiwan.

Useful Links

XY Finance Contact Details

https://xy.finance/‌
contact@xy.finance

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