Scale Up Your Business in a Multi-Chain Environment - TOKEN2049 Singapore 2022

good morning everyone uh I'm Wilson Juan I'm the founder of the XY Finance it's my pleasure to give a speech of the token 2049 and today I want to disc about the how to scale up your business in a multi-chain environment and before we approaching the topic I wanna let's take a look the rise of cryptocurrency first imagine we're back to the 209 when the Bitcoin start to be able to use which is uh the world's first cryptocurrency which enabling decentralized peer-to-peer transaction yeah it's the first time we can change the money when we maybe we can transfer one billion money one billion from Africa to Europe with 10 minutes so later from the 2011 other cryptocurrency came along so people for example like the Litecoin and repo people start aware of the cryptocurrency and blockchain Technology and in 2015 we also witnessed the initial launch of the ethereum you can write a code in the in money you can record in the money so the scalability and accessibility of the ethereum has led to the expansion of the T5 protocols so yeah and also the appearance of the EVN compatible chain the loudly divided you can write a code very quickly such as the polygon BMB smart chain our launch Phantom Chronos oh just tune in a few so in the summer of the 2020 you can see more than 200 D5 protocols were active they provided opportunities to do the liquid mining EO farming staking trading and also the high return apy but there's too many transactions took place on the ethereum they make ethereum got slower and the gas fee is too high so according to defy llama you can see the TVO they were 94 percent of the tibial on the ethereum but for now August 2022 they were only 58 percent on ethereum because they moved out from the ethereum to another Rising chain like a Avalanche Solana near and Cosmos something like that so different ecosystem on the different Trend this is why I believe this is a multi-train era a lot all of the projects must equipped with the multi-chain context to remain the competence and sustainable but if you want to scale up your business widen faster yeah you need a question question capability but you must face to significant factors that's a interoperability and efficiency a lot of projects I find it's difficult to scale out their operation because they fail to provide the interoperability with a boom in the Y Verity blockchain Networks yeah the infrastructure to bridge each chain and to integrate HDM has become more critical than ever and the second ish is how to provide the best route from the perceptive of the speed and price yeah things could get a lot more complex if the quantity of transaction is the limitation of the X6 and bridges Aggregates on your protocol due to the insufficient illiquity is liquidity so so to overcome these challenges you must need a oh good question solution and there are three ways to bridge the cross to hit the token across let me introduce you and the first one the so the first one mechanism is locking means yeah let's take the rapid DCI simple if you want to use your BDC on the ethereum and any other Evian compatible chain you want to Collateral BDC in The Lending protocol the BTC is original on the BTC blockchain but there's no D5 only BTC so you need to cross-ching your BDC to the ethereum so how that work you send your BDC to specific address and the rapid easy team can issue the same amount on the ethereum for you so you can use the wbdc to interact with the D5 the less the lock and mint and you want to refund you want to read back you burn the red BBC and you get the BDC on on the blockchain BTC blockchain right that's the first one it's very easy to understand there's another way to do a question and also the second way is burning mint if the token issuer has the full control and minting access and burn access of this token they can use the burn and mint for example tether if you want to transfer your ethereum usdt to the BMB usdt they can burn the eth usdt for you and mean the same amount on the BMB Lester burn and mint if the token project has a full access they can do that it's also simple it's very simple and the Third Way is a more Modern Way imagine you have a pool I have the same asset but different blockchain version the image you have a pool it will have a 1 million USD to Young East and 1 million City on a BMB one is it on polygon launch when user want to swap from ethereum to polygon they can just disposite maybe 5K 5K USD in the pool and the pool can withdraw out the 5K usdt on a PMB let's complete the crochet Swap this is the third way to do the Crossing so all three mechanism uh xyo supported oh sorry I spoke I forgot to take the next page okay that's the atomic sword the Third Way the the crossing bridge and also you can imagine that to develop or to maintain kind of these three bridging mechanism will take a lot of effort and times but the security and liquidity can never be sacrify so you may want to know want to know is there an easy way to to do that actually you can still get the new user without modification of your product and you can provide a question features that's why I'm here and introduce the XY Finance the four Crossing aggregator enabled in small routing and XY Finance was launched in the 2021 we have raised 12 million last year from the top BC and protocols like animal car Circle mechanism ygg and yggc so we have supported we're integrated 14 chains uh block uh the etherians then turn Chronos Avalanche R star arbitrary optimism and we supported 140 plus taxes we integrate all the Indians to do the best route and we supported 120 plus a thousand plus tokens and we cover the 98 of etvl of e3n you know evm EVN Chen also with our small routing your user can get the best deal for the cross chain transfer via our product X Swap and it only takes two seconds it's a lot more faster than other compact competitors other competitors when you get the codes you need to wait for more than six seconds but in here to only two seconds you can get the best deal oh also in addition our full question aggregator not only allows users to trade at question swap we also provide a single chain with the best route within 14 chance just like one inch and the pair Swap and open ocean because we integrate that also we have the modern cross chain liquidity mechanism called in white pool that's the Third Way Atomic swap so we have a white pool we come for different blockchain usdt usdc eth to do our crush and Swap and we also have the liquidity rebalance mechanism to make our Crossing liquidity more reliable than others so you don't you never be counter encountered the insufficient liquidity issue in our product and also we have packet the Epic solution into a toolkit where it's very easily available so we have the apis SDK and also the front end widget you don't need to code any you can put our widget to your Frontline products this will make a lot more simpler for the developer to integrate our service to layer D apps very quickly also we are focused on helping and looking for the partnership of these four kinds of project D5 Again by Wally payment and also the game kill yeah we have support then to grow their business and also one of our classes is the Oscar after we integrated our star we become the largest decks and Bridge on our star and our users has grown over than 770 percent and during the seven days volume we grow 300 percent the trading volume and almost the 20 of the question transaction it happens on our star also we can customize our decks for the game gears to provide the seamlessly trading experience for the girls skills and layer game token they want to cash out or they wanna their allow their Gamers to buy the game token in one click so we can customize this text and provide to the game Guild if your game token is launched on the BMB with our SDK we can ACCESS helpline access 14 chance Gamers maybe they have assay on the other launch maybe you have an asset on the Arbitron they can one click to buy their game token it's very fast very convenient okay let's recap our uh product and our features XY Finance we integrated 14 chains and 140 plus the X6 and our routing algorithm we have our own routing algorithm we also integrate the one inch very Swap and open ocean we could integrate other routing aggregator so we can provide the best route in two seconds I was always supported 120 000 tokens right now and covering 98 of even tvl so pretty much all of the evm ecosystem we already covered and also we are not only the cross chain swap decks we also support a single single single Swap so basically you can take CB as a universal decks and also we have an in-house Bridge the clip pool and we focus on helping the D5 game five wallet and payments company and we have ready to go apis they're very important to scale out your business widget API SDK and also we have the token bridging that's the first first question way burn a mean unlock I mean also provided this feature and also we support side chain integration it will come the game game blockchain to work with also the one last very important thing plug into Wing users everywhere as well it's how we help their business scale up also okay so if you're interested into our service our products our boothy over there we input p62 just over there the worker yeah three seconds you can get our ball so we are XY Finance plugging to Wing more users in the multi-train environment thank you