CrossFi

Built on a modular architecture, CrossFi is a layer 1 blockchain that combines the benefits of Cosmos and EVM, enabling seamless interactions between traditional finance and decentralized applications. Operating as a unified platform, CrossFi Chain facilitates the transfer of digital assets between its two integral parts: the Cosmos-based module and the EVM-based module. This interaction enables the implementation of a wide range of DeFi products and services within a single space.

The core technology behind CrossFi is its XFI Bridge, a decentralized infrastructure for transferring tokens and data between blockchains. Employing the deBridge protocol, XFI Bridge ensures secure asset exchange between CrossFi Chain and other EVM-compatible networks (Ethereum, BNB Chain, Polygon, etc.). The bridge operates using special DeBridgeGate smart contracts deployed on each connected network, including CrossFi Chain (based on Ethermint). This architecture combines Ethereum's flexibility with Cosmos' security, simplifying the use of XFI Bridge.

CrossFi provides a range of use cases and utilities for its users. The platform is designed to facilitate the transfer of digital assets between different blockchains, uniting liquidity from external EVM ecosystems and the CrossFi Chain network. This allows asset owners to use their funds with maximum flexibility, maintaining access to all opportunities both within the CrossFi ecosystem and beyond its boundaries. The XFI token serves as a utility coin that provides access to all services, dapps, and products launched on CrossFi Chain.

The CrossFi Foundation's grant program is aimed at developing the CrossFi ecosystem, supporting users, creators, and developers in their endeavors. The foundation also hosts events like the CrossFi Evolution Hackathon, designed to reveal the talents of web3 developers. This focus on community engagement and development activity contributes to the growth and adoption of the CrossFi platform.

CrossFi's XFI Bridge has been successfully implemented, with a small fee charged for each cross-chain transfer in the form of a percentage of the amount and a fixed payment in the network's native token (e.g., XFI for CrossFi Chain). The average full cycle time for the exchange is a few minutes, depending on the transaction finality speed on the participating blockchains. This infrastructure has attracted liquidity to the network, increasing the accessibility and functionality of CrossFi's DeFi products.