XY Finance x Polygon zkEVM
XY Finance has supported cross-chain swap of zkSync Era recently and now we are excited to step up our game and extend our outreach to another promising zkRollup – Polygon zkEVM!
XY Finance now integrates and supports Polygon zkEVM 🔥 In this initial phase of integration, users will be able to:
✅ Bridge and swap over 120k+ tokens across 16 chains to Polygon zkEVM through XY Finance.
✅ Become a liquidity provider to XY Finance’s own bridge (USDC & ETH pool). Stake USDC or ETH on Polygon zkEVM pool and earn part of the swap fee as reward!
✅ Batch send any tokens following ERC20 standards across all supported chains, including Polygon zkEVM to hundreds of addresses in one go.
Bridge & swap your assets to Polygon zkEVM seamlessly
👉 XY Finance Cross-Chain dApp
For more information on how to become a liquidity provider & the benefits, you can check out this XY Blog (At the time of writing, ETH pool APY is around 15%!)
👉 ETH Pool Now LIVE, Provide Liquidity to Earn More!
The Advantages of Supporting Polygon zkEVM
Supporting Polygon zkEVM not only offers a plethora of opportunities for XY Finance users but also signifies our progressive stride into the realm of zkRollup technology. With this integration, our users can take advantage of the following benefits:
- Low cost: Polygon zkEVM harnesses the power of ZK proofs to reduce transaction cost.
- High performance: Leveraging ZK proofs, Polygon zkEVM achieves fast-finality with frequent validity proofs
- EVM-equivalence: Vast majority of smart contracts, wallets, tools etc work on Polygon zkEVM seamlessly.
- Ethereum Security: Polygon zkEVM harnesses the power of ZK proofs to reduce transaction cost and increase throughput, all while inheriting the security of Ethereum L1.
- Promising Ecosystem: Abundant opportunities provided by Polygon zkEVM.
- Potential Airdrop: Hinted by Polygon co-founder, we can look forward to airdrop opportunities by bridging to Polygon zkEVM! (Polygon zkEVM Airdrop Incoming? Co-Founder Teases as TVL Hits $14M)
And this is just the beginning! We are working tirelessly to build and provide more cross-chain options for our users. Keep an eye out for our upcoming events associated with Polygon zkEVM (Galxe, QuestN, NFT, anyone?), we guarantee you wouldn’t want to miss them!
About Polygon zkEVM
Polygon zkEVM is a Layer 2 scaling solution for Ethereum that leverages the scaling power of zero-knowledge proofs while maintaining Ethereum compatibility. Developers and users on Polygon zkEVM can use the same code, tooling, apps, etc that they use on Ethereum, but with much higher throughput and lower fees. Polygon zkEVM offers compatibility and scalability without compromise.
More About Polygon zkEVM
How to On-Chain or Cross-Chain Swap Your Assets to Polygon zkEVM Tutorial
Currently, XY Finance has supported 16 chains, covering nearly 98% of EVM chains including: Ethereum, zkSync Era, Polygon zkEVM, BSC, Fantom, Polygon, Arbitrum, Optimism, Avalanche C-Chain, Cronos, KCC, ThunderCore, Astar, Moonriver, Klaytn, more zkRollups & Non-EVM chains joining soon!
⓵ Visit Swap Page
⓶ Connect Your Wallet
Connect your Web3 wallet through MetaMask 🦊 or WalletConnect 📡
⓷ Select the Tokens & Chains You Wish to Swap
Cross-chain or single-chain swap are both available, in this tutorial, we will be swapping Matic on Polygon to USDC on Polygon zkEVM.
⓸ Approve to Swap
✅ Check rate & route
✅ Click “Approve to Swap”
✅ Sign the message from your wallet.
⓹ Double Check Swap Details & Swap!
Don’t forget to confirm your transaction from your wallet again
⓺ Wait For the Transaction to Be Completed
You can also track the process on Polygon zkEVM’s scan – Polygon zkEVM explorer.
⓻ Your Transaction Is Completed!
With each swap being completed, you will be notified of whether or not the transaction is successfully executed. Voila, it is this easy to use XY Finance to bridge your assets to the Polygon zkEVM!
Tips: Check History For All Transactions
You can track all your transactions in the History on the top-right corner of the web page. *As the data is saved in the cache, do note that if you use different devices with the same wallet address, it will only show the transactions completed on that device.
Tips: Customize Slippage Setting
Slippage Tolerance is the price difference between the price at the confirmation time and the actual price of the transaction you are willing to accept when swapping.
If the difference between the estimated quote and execution price exceeds the rate you selected, the tx will be reverted and users will receive pool tokens on the destination chain.
Tips: Copy the link of the trading pair and share it with other people
Tips: Stake GalaXY Kats NFT to Get Swap Fee Rebate
Synergising with XY Finance’s NFT/GameFi project – GalaXY Kats, users can stake their NFTs and get DeFi utility such as swap fee rebate while performing cross-chain swaps!
Main Players in Polygon zkEVM Ecosystem
Now we know how to on-chain or cross-chain swap your assets to Polygon zkEVM, want to partake in the DeFi opportunities offered by Polygon zkEVM‘s ecosystem? Let’s delve deeper into it, explore the main projects on Polygon zkEVM and what we can do in its promising ecosystem. Please note that the following information is not financial advice, dyor before engaging!
QuickSwap is a DEX on the Polygon network that offers swapping, liquidity, yield farming and more. Currently Quickswap v3 is the biggest DEX on Polygon zkEVM. QuickPerps, Quickswap’s own decentralized Perpetual Exchange allows users to trade perpetual swaps with up to 50x leverage.
Satori Finance is a decentralized financial derivatives platform that features an “off-chain aggregation and on-chain settlement” design, combining the security and transparency of a decentralized exchange with the speed and usability of a centralized exchange. Recently Satori raised $10M from Polychain and Blockchange, aiming to bring more traction of decentralized derivatives to Polygon zkEVMs.
0VIX is a DeFi liquidity market protocol, built on Polygon. 0VIX protocol enables users to effortlessly lend, borrow and earn interest with their digital assets. Depositors by providing liquidity to the protocol may earn passive income, while borrowers are able to borrow using over-collateralization strategies.
Gamma is a liquidity management platform for Uniswap v3, offering non-custodial, automated, concentrated liquidity management services. Currently Gamma is the top liquidity management platform on Polygon zkEVM.
Antfarm is a DEX built especially for liquidity providers. It is supported by its own DAO and is available on Ethereum, Arbitrum & Polygon zkEVM. Antfarm Finance launched the first Pool optimizer on Polygon zkEVM, liquidity providers can now earn yields through Antfarm pools on the new Layer 2 Polygon zkEVM.
Zonic is a NFT marketplace catered for Ethereum Layer-2 including that enables lightning-fast transactions and multichain support for buying and selling NFTs.
What XY Finance Can Offer For Projects & Developers on Polygon zkEVM
XY Finance offers a robust cross-chain bridging and swapping solution that enables projects to connect with various chains and networks, our services include (but not limited to, let us know what you need, we will build!)
1. List Your Token on Our Cross-chain Swap
2. Connect Your Chain/Sidechain/Subnet/Supernet with Major Ecosystem
3. Bridge Your Token to Different Chains
4. Provide Technical Support for Widget & API Integration
5. Cross-Chain Deposit / Stake / Farm
By integrating XY Finance cross-chain API, widget or listing your tokens, projects can optimize their products or services by:
✅ Trade Limitlessly & Seamlessly: Allows users to trade on-chain or cross-chain the tokens they want via assets across 15 chains along with all DEXs we integrated, yes we do the work for you so you don’t have to!
✅ Instant Buy-in and Onboard Users from Any Chain: Helps attract new users and increase the project’s exposure to a wider audience.
✅ Optimize User Experience: Users are just a few clicks away from onboarding your project, and it can happen all inside your platform with the best cross-chain rate & route in one swap. This can make trading more attractive to users and can synergize with the service your project offers for a better user flow.
XY Finance is committed to optimize our cross-chain service and offer more options for users to bridge their assets across the best blockchains in the web3 world. In the future, XY Finance will work closely with promising protocols on Polygon zkEVM to jointly open up more gateways for Web3 users to travel across different networks, stay tuned!
XY Finance Ecosystem Update
- XY Finance Integrates & Support Cross-Chain Trade on zkSync Era
- Join XY Finance x zkSync Cross-Chain Trading Game on Galxe and Win From 2,000U Prize Pool!
- Join XY Token Mining #16 to Share 15,000 $XY!
- MoonRock Integrates XY Finance Cross-Chain Widget: Flash Buy-In $LSETH, $CPI, $JPG Seamlessly
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.