XY Finance
How it works?
One of the main role of XY Finance is Y Pool. With Y Pool, user can provide liquidity to the pool and earn the following rewards:
  1. 1.
    Cross Chain Fee Most of the cross chain fee generated by cross chain swaps will go to Y Pool who provides the liquidity to help client swap.
  2. 2.
    Liquidity Mining In Y Pool, user can supply pool supported token (such as USDT) to get pool tokens (xyUSDT), with xyUSDT, user can earn the cross chain fee. If the users stake their pool tokens (xyUSDT), they can earn XY tokens. The XY Token rewards depends on the staking amount and staking time, the more time and amount, the more rewards.
  3. 3.
    Rebalance Rewards In Y Pool, we support pool token of different chain, as the token of one chain is swapped to another chain, the total Y Pool value grows because of the cross chain fee, but that may also cause unbalance token of each chain.
We design a mechanism to reward those who help rebalance the tokens of each chain. For example, if we have:
  • 500,000 USDT in Ethereum
  • 1,000,000 USDT in BSC
  • 2,000,000 USDT in Polygon
If someone call the rebalance function and swap 1,000,000 USDT from Ethereum to Polygon, he would get XY Token rewards and the final pool balance is as follows:
  • 1,500,000 USDT in Ethereum
  • 1,000,000 USDT in BSC
  • 1,000,000 USDT in Polygon
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