In the dynamic landscape of DeFi, cross-chain interoperability has emerged as a critical focal point. At the forefront of this initiative, XY Finance has supported cross-chain bridge & swap of assets on well-known Layer 2 (L2) chains like Scroll and L2 Blast. And now, we are poised to broaden our scope even further by delving into the domain of another eagerly anticipated Zk-Rollup solution – OKX’s X Layer Network. 🔥
XY Finance Integrates X Layer Mainnet
The L2 landscape is advancing rapidly with continuous progress and breakthroughs. The racetrack is now shifting towards ZK-proof, modular blockchains and open-sourcing developer kits like Zk SDK or Polygon CDK. Up to this point, the trend may validate what Vitalik said about the future being multi-chain.🔥
Among the most promising Ethereum scaling solutions, the X Layer mainnet has finally come into the limelight as a strong contender. After launching its testnet at the end of 2023, the OKX team has launched its highly-anticipated public mainnet on April 16th, 2024. Despite its early-stage launch, X Layer has processed more than 500k transactions and has seen more than 200 dApps deploying on its Layer 2 network!
So let’s explore the potential of X Layer, and let XY Finance bridge you from 20+ chains onto X Layer!
X Layer 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 X Layer 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 X Layer, to hundreds of addresses in one transaction.
Bridge & swap your assets to X Layer seamlessly
👉 XY Finance Cross-Chain dApp
Become a liquidity provider on X Layer
👉 ETH Pool Now LIVE, Provide Liquidity to Earn More!
X Layer 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 X Layer
X Layer is a ZK-powered Layer 2 network that connects the OKX and Ethereum communities. According to its official docs, the team’s vision is to accelerate Ethereum’s mainstream adoption by scaling the largest existing Web3 community, instead of competing with it. Additionally, OKX Chief Marketing Officer Haider Rafique stated that “X Layer is for visionary builders creating applications to help bring millions of people on-chain,” envisioning “X Layer and other Layer-2 chains as the highway infrastructure of the Web3 world.”
To achieve its vision, OKX’s X Layer is built using the Polygon Chain Development Kit (CDK), an open-source and modular codebase that helps blockchain developers launch their L2 chain. This collaboration represents a strategic partnership between OKX and Polygon Labs, bringing together the OKX and Polygon ecosystems and providing builders with native access to the most advanced technology stack available.
(Know more about X Layer：Exploring OKX’s Vision: Why OKX builds X Layer? How to interact with X Layer?)
OKX’s X Layer Key Features
- Developer-Friendly：As a strategic partner of Polygon Labs, OKX will continue to contribute to the development of the Polygon CDK, enhancing user experience and ensuring the availability of the most advanced technology stack.
- EVM-Compatibility：Unlike some other ZkEVMs, X Layer is 100% Ethereum compatible, which means existing DApps can be migrated to X Layer at zero cost.
- ZKP-powered scalability：X Layer is not restricted by the quantity of transaction data that can be published to Ethereum with ZK-validity proofs.
- Unified liquidity：By integrating AggLayer from Polygon, X Layer enables seamless asset transfers across various CDK-developed chains within Polygon 2.0’s L2 ecosystem, fostering an efficient and interconnected digital economy.
- Powered by OKX：X Layer serves as a central part of the OKX ecosystem, acting as a portal to connect OKX products, users, and assets to Web3.
More About X Layer
Website | Twitter | Discord | Blog | Documents
How to On-Chain or Cross-Chain Swap Your Assets to X Layer – A Tutorial
Currently, XY Finance supports 20+ chains, covering nearly 98% of EVM chains, including: Ethereum, X Layer, Mantle Network, Base, Linea, zkSync Era, Polygon zkEVM, BNB, Fantom, Polygon, 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 X Layer!
- 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 X Layer’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 X Layer!
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 X Layer Ecosystem
Now that you’re familiar with bridging your assets to X Layer, 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 !
RedStone Oracles
RedStone Oracles is a flexible oracle solution providing a low-latency pull model (RedStone Core) with adaptable data feeds on X Layer. With RedStone Oracles, data providers can circumvent the need for ongoing on-chain data delivery, while enabling end users to independently submit signed Oracle data on-chain.
More About RedStone Oracles
Website | Twitter | Discord | Document
Dego Finance
Dego Finance brands itself as the LEGO of the decentralized realm, constructing an optimal decentralized financial ecosystem through a varied blend of NFTs and DeFi. With Dego Finance, users can stake NFTs and mine rewards, mint NFTs with unique attributes and rarity grades by depositing DEGO, ERC-20, or BEP-20 tokens.In summary, users can enjoy a variety of platforms designed to manage the lifecycle of NFTs on multiple chains, including X Layer.
More About Dego Finance
Website | Twitter | Discord | Document
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 X Layer, paving the way for DeFi power users to effortlessly navigate between networks. Stay tuned for exciting updates!
