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    MoonPay partners with decentralized exchange DeversiFi

    DeversiFi has chosen MoonPay as its exclusive fiat on-ramp for the decentralized exchange.

    Corey Barchat

    By Corey Barchat

    Published on May 11, 2022

    Last modified on Aug 22, 2024

    Featured image

    We’re thrilled to announce that MoonPay is integrating with the decentralized exchange (DEX) DeversiFi as its exclusive fiat on-ramp.

    What is DeverseFi?

    DeversiFi is a Layer 2 exchange built on Ethereum. Users can simply connect their preferred wallet to the DeFi platform to start trading, swapping, earning yield (interest) on crypto investments, and providing liquidity.

    Now, by integrating MoonPay into its StarkEx instance, DeversiFi users can take advantage of our simple, quick, and secure way to purchase crypto with a credit/debit card, bank transfer, and mobile payment options such as Apple Pay.

    A screenshot of DeversiFi’s send features, which allow users to perform crypto transactions quickly and without the high fees associated with Ethereum.
    As a Layer 2 exchange, DeversiFi users are able to perform crypto transactions quickly and without high Ethereum fees — Image source

    StarkEx Layer 2 scalability

    DeversiFi is the first non-custodial exchange to use StarkEx technology, allowing the network to scale while maintaining integrity and keeping transaction costs low for users.

    The way StarkEx does this is by validating transactions off-chain and verifying their proof of integrity on-chain. Provers process large quantities of transactions off-chain, then STARK proofs are generated and sent to the on-chain verifier to be validated and updated on-chain. This has allowed users to take advantage of Starkex’s Layer 2 solution without paying the high gas fees of the underlying Ethereum mainnet.

    DeversiFi users can now buy crypto directly via MoonPay in their wallet on the DeversiFi platform.