Proxy Bridge
Last updated
Last updated
Transferring assets across different blockchains is challenging; moving them between exchanges on different chains can feel overwhelming. To make this seamless and accessible, XY Finance introduces the Proxy Bridge, a solution that eliminates complex steps and enables fast, easy asset movement across exchanges & any application chain.
A Proxy is a unique address created and operated by XY Finance, serving as a user’s personalized gateway to partner exchanges. When a user interacts with a supported exchange, Proxy provides a simplified pathway for transactions, bypassing the usual multi-step processes.
Once a user receives their unique Proxy address, transferring assets becomes simple and intuitive:
Deposit Flexibility: Users can transfer supported assets to their Proxy address from any source, including wallets and other exchanges.
Automated Cross-Chain Transfer: Upon successful deposit, XY Finance captures and verifies the transaction.
Seamless Delivery: After confirmation, XY Finance completes the cross-chain transfer in the background, directly depositing the corresponding amount into the user’s exchange account.
GRVT is a self-custodial hybrid exchange. As the first official appchain on zkSync’s Hyperchain, GRVT leverages advanced zk technology to deliver fast, low-cost transactions while ensuring user autonomy and asset control, setting a new standard for secure, scalable DeFi solutions.
As XY Finance’s latest application chain partner, GRVT will leverage XY's cutting-edge Proxy Bridge technology to offer a user-friendly solution, bridging mass crypto users into decentralized ecosystems. This integration combines the speed of CEXs with the security and control of DeFi, ensuring seamless cross-chain transfers and a smooth user experience.
This collaboration introduces:
XY Finance’s Proxy Bridge: offering users a frictionless way to deposit funds directly from a CEX into GRVT’s smart contract.
Gas-Free Transactions: Eliminates gas fees, streamlining the user experience.
Single-Step Process: No need for multiple wallet transactions, simplifying cross-chain transfers.
Industry First for DEXs: Pioneering frictionless, gas-free bridging for decentralized exchanges.
Enhanced Speed and Security: Ensures faster, more secure cross-chain transactions.
User-Friendly: Accessible for both crypto newcomers and experienced users alike.
