Version

DeFi

XY Finance

GRVT, the hybrid cryptocurrency exchange known for aiming to become the “Goldman Sachs on blockchain,” has announced a groundbreaking partnership with XY Finance.&nbsp; 
This collaboration addresses one of the biggest pain points in decentralized finance (DeFi): the complexity and cost of moving assets across different blockchains. Together, they are introducing a gas-free, seamless <a href="https://www.linkedin.com/posts/grvt_countdown-to-mainnet-stay-tuned-for-more-activity-7254735677844533248-qxl0?utm_source=share&amp;utm_medium=member_desktop" target="_blank" rel="noreferrer noopener nofollow">cross-chain bridging experience</a>, setting new standards in DeFi accessibility. 
The partnership utilizes XY Finance’s Proxy Bridge, enabling CEX-like, gas-free bridging for DeFi users. This innovative approach allows users to deposit funds from centralized exchanges (CEX) directly into GRVT’s smart contract without worrying about gas fees or making multiple wallet transactions—a first in the world of decentralized exchanges (DEXs). 
The solution aims to simplify DeFi for non-crypto native users, who often face hurdles like gas fees and bridging complexities. By eliminating these barriers, <a href="https://grvt.io/" target="_blank" rel="noreferrer noopener nofollow">GRVT</a> hopes to drive broader DeFi adoption, creating a more inclusive trading environment. 
<h2 class="wp-block-heading" id="eliminating-on-chain-challenges">Eliminating On-Chain Challenges</h2> 
Moving assets between different exchanges and blockchains has been a major challenge for traders. In a survey conducted by GRVT with nearly 3,000 community members, the top issues identified were: 
<ul class="wp-block-list"> 
 <li>Difficulty moving money on-chain (45%)</li> 
 <li>Challenges with wallet management (20%)</li> 
 <li>Gas fees being a significant barrier (15%)</li> 
</ul> 
GRVT and <a href="https://xy.finance/" target="_blank" rel="noreferrer noopener nofollow">XY Finance</a> are tackling these issues head-on, providing a smoother trading experience for both retail and institutional users. 
GRVT CEO Hong Yea highlighted that “DeFi adoption remains low due to its complexity,” especially the bridging process. “Our goal is to bring the benefits of DeFi to a wider audience by simplifying the experience,” Yea said. 
XY Finance CEO Wei Hsuan Huang added, “Together, we are committed to simplifying cross-chain transactions and accelerating broader DeFi adoption.” 
With GRVT’s Q4 Mainnet launch on the horizon and its Beta Testnet already live with over 2.5 million users on the waitlist, this partnership signals a major leap forward for DeFi. 
Disclaimer: Cryptocurrencies carry high risks. Please seek professional advice before making any investment decisions. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/10/24/pi-network-launches-node-version-0-5-0-mainnet-prep-begins/" target="_blank" rel="noreferrer noopener">Pi Network Launches Node Version 0.5.0, Mainnet Prep Begins</a> 
</blockquote>

GRVT & XY Finance to Transform DeFi with Gas-Free Bridging

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The Crypto Times

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