XY Finance

XY Finance

XY
$0.13091545%-5.33

Key Metrics

Price$0.13091545
Real Volume (24H)$13,890
Marketcap$1,177,769.74
Fully Diluted Valuation$10,268,320
ATH$3.05
ATH Date12/16/2021, 7:31:58 PM
ATL$0.101787
ATL Date12/20/2022, 5:46:16 AM
Circulating Supply13M
Total Supply100M
WebsiteN/A
WhitepaperN/A
Popularity Rank2354
Chart
What is XY Finance?

XY Finance (XY) is a cutting-edge cross-chain aggregator for DeFi and Metaverse, with a mission to revolutionize the way on-chain assets are transferred securely across all blockchains. By offering a one-stop swap aggregator, XY Finance makes cross-chain swaps faster, simpler, and more economical than ever before. The protocol comprises several components that work together seamlessly to deliver unparalleled interoperability, including X Swap & Y Pool (DeFi), GalaXY Kats (GameFi), and NFT Satellite (NFT).

XY Finance's X Swap & Y Pool (DeFi) provides liquidity providers with an opportunity to earn yields in Y Pool without impermanent loss. GalaXY Kats (GameFi) is a collection of 10,000 unique meerkat NFTs and a play-to-earn blockchain game where players can explore the lore of GalaXY universe and help GalaXY Kats revive humanity by challenging bosses and completing quests. Additionally, GalaXY Kats offers DeFi utilities on X Swap & Y Pool. NFT Satellite (NFT) caters to the booming NFT trading demand by introducing a one-click NFT liquidity aggregator that enables users to buy, sell, and trade NFTs on different chains in a single transaction.

XY is XY Finance’s native utility and governance token. The token has several current and planned functions, including staking incentives, liquidity mining, and governance. XY token holders can stake their tokens on the protocol to boost rewards on provided liquidity by up to 2.5 times. They will also receive a portion of the revenue generated by the protocol. Liquidity providers can stake their assets into the Y Pool to receive xyTokens, such as xyUSDT, and also earn swap fees. Furthermore, liquidity providers will be eligible to receive XY tokens through a liquidity mining program, adjusted based on a user’s relative contribution and additional parameters. Finally, XY token holders can participate and vote in the governance process of the platform, influencing and modifying product features and key parameters of XY Finance.

When it comes to the maximum supply possible, XY Finance's supply cannot exceed 100 million. The protocol currently has a circulating supply of over 4.12 million tokens, with the initial supply of XY being 4.12 million launched on the IDO on Copper Launch. XY Finance is the brainchild of Wilson Huang, who has extensive and solid experience in programming and the crypto industry. Wilson has been involved in Bitcoin since early 2014 and worked with the Ethereum Foundation in certain projects. XY Finance boasts more than 25 staff, including developers with experience at Ethereum Foundation, imToken, Yahoo, Mediatek, and IBM.

XY tokens are available for trading on a growing number of exchanges, including XY Finance, 1inch, UniSwap, and more. XY Finance is also working with multiple CEXs on the listing. As a one-stop cross-chain aggregator for DeFi and Metaverse, XY Finance is redefining the industry standard for on-chain asset transfer. With XY Finance, users can swap all on-chain assets with complete freedom, security, and interoperability. Whether you are a liquidity provider, a NFT trader, or a gamer, XY Finance has everything you need to stay ahead of the curve.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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