The zero-knowledge technology landscape is advancing and becoming more competitive. Each zk-powered L2 has distinct solutions and features. As a leading bridge aggregator, XY Finance supports over 20 L2s, including top zk-Rollups like Scroll, Polygon, and X Layer. Now, we are expanding further by incorporating the innovative Taiko Network. 🔥
XY Finance Integrates Taiko Mainnet
The two primary L2 solutions, Optimistic Rollup and ZK Rollup, currently encounter specific inherent challenges. Optimistic Rollup involves a “challenge period,” necessitating users to wait seven days for funds withdrawal and incurring significant gas fees during fraud-proof processing, particularly when Ethereum experiences peak activity. On the other hand, ZK Rollup consumes substantial computing resources and time when generating zk-proofs, impacting costs and transaction processing speed (TPS).
Taiko mainnet, featuring Based Rollup, not only simplifies the technical complexity and transaction delay, moreover, it’s the first and only L2 that is 100% inherent to Ethereum’s liveness, meaning it’s as decentralized as Ethereum and more secure! The latest Taiko testnet, Hekla, has seen some breakthroughs, such as supporting EIP-4844 (Dencun Upgrade) and processing over 8 million transactions, accessing more than 1 million wallet addresses!
So let’s explore the massive potential of Taiko, and let XY Finance bridge you from 20+ chains onto Taiko! 🥁
Taiko Integration (User)
As part of the integration, XY Finance users stand to benefit immensely:
✅ Single-Chain/Cross-Chain Bridge & Swap: Easily bridge & swap any token across 20+ blockchains to Taiko via XY Finance.
✅ Provide Liquidity & Earn: Become a liquidity provider to XY Finance’s own bridge and earn more from depositing into ETH and USDC pools.
✅ XY Dispatcher: Batch send any ERC20 token across all supported chains, including Taiko, to hundreds of addresses in one transaction.
Bridge & swap your assets to Taiko seamlessly
👉 XY Finance Cross-Chain dApp
Become a liquidity provider on Taiko
👉 ETH Pool Now LIVE, Provide Liquidity to Earn More!
Taiko Integration (Developer)
Developers are at the heart of every blockchain revolution. Recognizing this, XY Finance offers an array of services:
✅ Widget/API Integration: Elevate the versatility of your dApp by integrating XY Finance’s cross-chain solution, extending interoperability to 20+ chains and growing.
✅ Token Listing: Elevate your token’s visibility and accessibility by listing it on XY Finance’s cross-chain swap, encompassing Mantle Network and other major EVM chains.
✅ xAsset Token Bridging: XY Finance provides canonical token bridge solution that empowers projects to connect with different chains.
For developers who enhance interoperability & enable smooth onboarding of more users
👉 Introducing XY Finance Cross-Chain Widget
👉 xAsset Token Bridging
👉 Widget Integration Developer Document
👉 Partnership Form
About Taiko
Taiko is the first and only Type 1 zkEVM with Based Rollup attributes in the L2 market. This signifies that Taiko not only offers a seamless experience for developers to construct their projects but also achieves equivalent decentralization as Ethereum, ensuring enhanced security for users’ assets and preventing attacks. To delve deeper, with its Based Contestable Rollups (BCR) and multi-proof system, Taiko significantly reduces transaction costs and enhances decentralization! 🔥
As an innovative and exclusive project in the market, Taiko has raised a total of $37 million, including investments from OKX Ventures, HongShan, Mirana Ventures, and more! Let’s take a look at how Taiko attracts investors:
Key Features
- Decentralized as Ethereum : Taiko achieves ethereum-equivalent with relying on L1 sequencer, meaning Taiko is not just scalable as other L2 solutions, but also pursuing high security for users! 🛡️
- Developer-Friendly: As mentioned above, Taiko is a Type 1 zkEVM, which is highly compatible with Ethereum, ensuring that existing Ethereum apps can be easily migrated.
- Advanced Zero-Knowledge Tech: Taiko adopted zkSNARKs, a type of zk-proof, to speed up zero-knowledge proof generation and reduce transaction fees.
More About Taiko
Website | Twitter | Discord | Blog | Documents
How to On-Chain or Cross-Chain Swap Your Assets to Taiko
Currently, XY Finance supports 20+ chains, covering nearly 98% of EVM chains, including: Ethereum, Taiko, X Layer, Base, Linea, zkSync Era, Arbitrum, Optimism, Scroll, Blast and more. With just a few intuitive clicks, users can effortlessly bridge and swap tokens from any of these supported chains directly to Taiko!
- Visit Swap Page & Connect Wallet
- Select the Chain & Token: Cross-chain or single-chain swap are both available.
- Approve to Swap: Check rate & route, click “Approve to Swap”, then Sign the message from your wallet
- Wait For the Transaction to Be Completed: You can also track the process on Taiko’s Explorer.
- Your Transaction Is Completed: With each swap being completed, you will be notified on whether or not the transaction is successfully executed.
Voilà, it is this easy to use XY Finance to bridge your assets to Taiko!
Tips: Check History For All Transactions
You can track all your settled transactions on the top-right corner of the web page. Detailed transaction details will be sorted chronologically based on completion time.
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
You can share the trading pair by simply copying and pasting the URL!
Projects to Check Out in the Taiko Ecosystem
Now that you’re familiar with bridging your assets to Taiko, let’s dive deeper into its ecosystem. We’ll explore its standout projects and uncover the potential they offer. Be aware that the information provided here is not financial advice. Prior to involvement, it’s essential to DYOR !
Jax Finance
Jax Finance is a decentralized, non-custodial lending protocol on Taiko. It enables liquidity suppliers to earn passive income by contributing to the liquidity pool, while borrowers can obtain over-collateralized loans. With this system, Jax Finance ensures a secure and efficient framework for both parties, leveraging Taiko Blockchain’s robustness to provide a transparent and user-friendly DeFi platform.
More About Jax Finance
Website | Twitter | Discord | Document
DTX
DTX is one of the largest trading platforms on Taiko, offering perpetual and spot trading with the deepest liquidity and highest capital efficiency. Unlike order book systems, DTX’s unique synthetic architecture guarantees a seamless trading experience for traders by eliminating slippage and ensuring guaranteed order execution. Additionally, it offers flexibility in collateral usage and market-making while simultaneously maximizing capital efficiency for LPs.
More About DTX
Website | Twitter | Discord | Document
LooperLands
LooperLands is a free-to-play community pixelverse: users can explore captivating creator-made worlds, each featuring complete stories and unique minigames, and participate in cooperative Player-Versus-Environment (PvE) quests, challenging raids, and exciting Player-Versus-Player (PvP) battles with ranked leaderboards on any device. Recently, the creator made TaikoTown to celebrate LooperLands officially being on the Taiko mainnet!
More About LooperLands
Website | Twitter | Discord
XY Finance is dedicated to delivering premier cross-chain bridge solutions, expanding options for both users and developers to seamlessly transfer assets across leading networks. Looking ahead, we will forge strong partnerships with innovative protocols on Taiko, paving the way for DeFi power users to effortlessly navigate between networks. Stay tuned for exciting updates!
