Alchemy is one of those infrastructure providers who build the web3 and the blockchain world. And they happen to partner with variety of the new projects and build the blockchain around. 

Alchemy is one of the platforms that developers use for the deployment of the chains and the web3 apps. And this platform has partnered with variety of the blockchains for the deployment of dApps.

CrossFi aka Cross finance has managed to partner with the Alchemy for the web3 development. So what’s a CrossFi in the blockchain world?

It’s a layer 1 blockchain that has a Cosmos Chain and an EVM bridged into the modular structure. All the benefits of the Tendermint core and the EVM are bridged into this chain. And this makes the smart contract easier.

CrossFi is also the one behind the XUSD and they have made some good progress on the pegged stablecoin.

In short this new partnership with CrosFi and Alchemy would be able to get the payments possible in the app too. As you know Alchemy Pay is one app that is being made by Alchemy that covers majority of the blockchains.

CrossFi also has two native coins : MPX and XFI. And these two coins can be kept into the staking and also the staked APY is a decent value.

Alchemy is going to make some waves as they continue to build the chains in the space of DeFI and also improve the protocols they fund or develop into. It’d be worth seeing the progress of CrossFi in upcoming times.