XY Finance update: XY Live price, price chart, news and markets

What Is XY Finance (XY)?

XY Finance, also known as XY, is a comprehensive cross-chain aggregator for decentralized finance (DeFi) and the metaverse. The platform aims to facilitate the secure and seamless transfer of on-chain assets, including tokens and non-fungible tokens (NFTs), across all blockchains. XY Finance offers a one-click swap aggregator with the highest level of interoperability, allowing crypto users to efficiently trade their assets on various chains.

XY Finance comprises several key components that work together harmoniously:

X Swap & Y Pool (DeFi): XY Finance provides an all-in-one swap aggregator that delivers the fastest, simplest, and most cost-effective cross-chain swap service. The platform ensures a seamless experience and maximum interoperability. Additionally, liquidity providers can earn yields in the Y Pool without worrying about impermanent loss.

GalaXY Kats (GameFi): GalaXY Kats represents a collection of 10,000 unique meerkat NFTs and a play-to-earn blockchain game. Players can dive into the immersive GalaXY universe, embark on quests, challenge bosses, and help GalaXY Kats revive humanity. Moreover, GalaXY Kats integrates DeFi utilities within X Swap & Y Pool.

NFT Satellite (NFT): To address the growing demand for NFT trading and support the rapidly evolving multichain NFT ecosystem, XY Finance introduces a user-friendly NFT liquidity aggregator. This aggregator enables users to effortlessly buy, sell, and trade NFTs across different chains in a single transaction.

XY serves as the native utility and governance token of XY Finance. The token possesses various current and planned functionalities, including:

Staking incentives: XY token holders can stake their tokens on the protocol and significantly enhance rewards on their provided liquidity. Staked XY holders have the opportunity to receive up to 2.5 times the revenue generated by the protocol.

Liquidity mining: By staking their assets in the Y Pool, liquidity providers can receive xyTokens like xyUSDT. In addition to earning swap fees, liquidity providers can further benefit from the XY token rewards distributed through a liquidity mining program. The rewards are adjusted based on each user's relative contribution and other relevant parameters.

Governance: XY token holders are granted the ability to actively participate and vote in the governance process of the XY Finance platform. Through governance, users can exert influence and suggest modifications to product features and key parameters, thus shaping the development direction of XY Finance.

How Many XY Tokens Are There in Circulation?

In terms of maximum supply, XY Finance's token cannot exceed 100 million. Currently, there is a circulating supply of over 4.12 million XY tokens. The initial supply of XY was launched during our Initial DEX Offering (IDO) on Copper Launch.

Who Are the Founders of XY Finance?

XY Finance originates from the visionary mind of Wilson Huang, an experienced programmer and crypto industry specialist. Wilson has been actively involved in the Bitcoin scene since early 2014 and has also collaborated with the Ethereum Foundation on various projects.

XY Finance boasts a talented team of over 25 individuals, including developers with notable experience from institutions such as the Ethereum Foundation, imToken, Yahoo, Mediatek, and IBM.

Where Can I Buy XY Finance (XY)?

XY tokens are available for trading on several prominent exchanges, including XY Finance, 1inch, UniSwap, and more. XY Finance is actively working with multiple centralized exchanges (CEXs) to expand the availability of XY tokens.