Bridging the gap between centralized exchanges (CEXs) and decentralized finance (DeFi) has been a long-standing challenge in the crypto space. Through a groundbreaking collaboration, GRVT and XY Finance are combining their expertise to create a seamless transition for users, unlocking a new era of DeFi adoption.
What is GRVT?
GRVT, founded in 2022, is a hybrid derivatives exchange that combines off-chain order matching with on-chain settlements, achieving impressive speeds of up to 600,000 TPS. Its mission is to transform the global financial system by leveraging blockchain technology to give users greater control over their wealth.
GRVT designed to simplify DeFi for all users by offering:
- Gas-Free Transactions: No transaction fees, lowering the barrier to entry for trading.
- High-Leverage Derivatives Trading: Up to 50x leverage with deep liquidity, catering to professional traders.
- Self-Custody Wallet: Powered by GRVT Wallet, users have full control of their assets, ensuring unmatched security.
Source: Perpetual Trading, GRVT Website
Powered by zkSync’s Hyperchain Technology
Built on ZKsync’s Validium Elastic Chain, GRVT offers off-chain order matching and on-chain settlements at an impressive 600,000 trades per second. This high throughput ensures low-latency trading with near-zero transaction costs, while preserving the decentralized security that defines GRVT’s platform.
Key benefits of GRVT’s infrastructure include:
- Scalability: High transaction speed without compromising security.
- Gas-less Trading: Reduce costs for traders, making DeFi more accessible.
- Privacy: Advanced data protection mechanisms safeguard sensitive information.
Source: Introduction to ZK Chain, Medium
XY Finance Proxy Bridge: Simplifying Cross-Chain Transfers
XY Finance’s Proxy Bridge technology plays a pivotal role in enhancing the user experience on GRVT by simplifying the process of transferring assets across blockchains. It removes the complexities typically associated with cross-chain transactions.
Here’s how it works:
- Unique Proxy Account: When a user wants to deposit assets, they are given a unique proxy address. This address acts as the destination for their deposit.
- Automated Transfers: After the user sends their assets to the proxy address, Proxy Bridge automatically and securely cross-chain transfers the assets into their GRVT trading account. No manual steps or extra effort are required from the user.
- Speed and Security: The process is fast and secure, ensuring that the user’s assets are quickly transferred without any additional steps or delays.
This seamless integration ensures that users transitioning from CEXs to DeFi can do so with minimal effort and maximum convenience.
XY Finance x GRVT: Driving DeFi Adoption
The partnership between GRVT and XY Finance is dedicated to driving the mass adoption of DeFi by delivering a platform that makes decentralized finance more intuitive and accessible.
With seamless asset transfers, scalable infrastructure, and a secure trading experience, this collaboration is paving the way for millions of users to transition from centralized platforms to the future of decentralized finance.
Related: One-Step Cross-Chain Transfers: XY Finance Proxy Bridge is Now Live on GRVT
Related: Bringing DeFi to the Masses: Why GRVT and XY Finance Outperforms Traditional CEXs and DEXs
Related: AMA Recap: XY Finance x GRVT — Solving Cross-Chain Challenges
About XY Finance
XY Finance is a cross-chain interoperability protocol aggregating DEXs & Bridges. With the ultimate routing across multi-chains, borderless and seamless swapping is just one click away.
XY Finance Official Channels
XY Finance | Discord | Twitter | Telegram | Documents | Partnership Form
