EYWA: Bringing liquidity ahead of halving?

EYWA is an infrastructure composed of a set of protocols that allows connecting various blockchain ecosystems. It enables users to transfer their assets quickly and cost-effectively, such as through cross-chain exchanges.

For developers, EYWA infrastructure helps to efficiently develop cross-chain logic for any dApp.

According to CryptoRank, the project raised $13.35 million through private placement rounds and IDOs from ScaleSwap, Gagarin and other Launchpad platforms.

EYWA’s main advantages:

Simple integration: Easily integrate blockchain into various in a network. Developers create efficient cross-chain dApps or extend them into connected blockchains using EYWA.

Universal liquidity: Obtain liquidity in all connected blockchains and shared liquidity pools to avoid liquidity fragmentation issues.

Low costs: Shared liquidity reduces costs caused by slippage, impermanent losses and token fluctuations.

Enter new markets: The protocol supports a wide range of connected networks, including Ethereum, Arbitrum, Avalanche, BNB Chain, Fantom, Optimism, Polygon, and the list will Continue to expand.

Gasless transactions: Thanks to the Gasless feature, EYWA ecosystem users can perform any cross-chain operation and pay any network fees in the original network.

In addition, payment can be made in three ways:

Order from the transaction subject Card.

EYWA token.

The native token of the original network.

How does EYWA work?

EYWA consists of several key elements that enable fast and secure cross-chain asset exchange:

1. EYWA Cross-Chain Data Protocol (CDP) —the main transport layer for all products in the EYWA ecosystem. The protocol has open source code, allowing teams and developers to focus on developing their dApps. Furthermore, the protocol connects smart contracts located in different blockchains and ensures remote calls between them.

2. Cross-chain Liquidity Protocol (CLP) —an inter-network protocol that enables projects to manage cross-chain liquidity.

The agreement consists of the following parts:

Internet bridge - allows projects to connect Its assets are locked in smart contracts and derivative tokens are issued in other networks to represent its tokens in other networks.

EYWA Assets – The liquidity of EYWA Assets enables end users to trade efficiently on EYWA DEX on different blockchains.

Liquidity aggregator - projects can conduct token swaps and utilize the entire DeFi liquidity for transactions.

Zap Exchange - a solution that allows users to quickly and easily exchange any token from one network to any token on another network.

3. EYWA cross-chain DEX - DEX used for trading EYWA assets. Thanks to the HUB Chain Avalanche (intermediate blockchain), cross-chain transactions are possible between any connected blockchains with minimal slippage.

4. EYWA Oracle Network - an infinitely scalable oracle node network that verifies blocks through cross-chain calls. Because new calling blocks between blockchains are composed individually for each supported blockchain, the network can validate multiple blocks in parallel.

Assets within EYWA assets and the $EYWA token economy

All EYWA assets are powered by Supported by liquid assets from different networks that are locked in cross-chain exchange protocols. Key synthetic assets on the EYWA infrastructure include:

s3CRV —a derivative backed by the original Curve liquidity token from the stablecoin pool. Deployed on Avalanche by fixing the EYWA Portal smart contract, which is part of the EYWA cross-chain token bridge.

s3crypto  — Derivatives backed by the original Curve 3crypto LP token (ETH/BTC/USDT pool). Deployed on Avalanche similarly to s3CRV.

EUSD ——The stablecoin supported by s3CRV tokens in the EUSD pool is the core of the stablecoin cross-chain exchange process.

e3crypto —The assets in the e3crypto pool backed by the s3crypto token are the core of the ETH/BTC/USDT cross-chain exchange process.

Users only need to send a token from the source network, sign the transaction once, and receive another token on the target network without any further action . All synthetic asset transactions in the intermediary network occur automatically.

$EYWA  — As you might have guessed, is the native token of EYWA, or more accurately the governance token of the EYWA DAO, which allows holders Some people make decisions within the platform ecosystem.

Currently, EYWA’s total supply is $1 billion EYWA. Of which:

~21.5% — allocated to public and private financing rounds

22% — For advisors and teams

6% — For early user airdrops and retroactive ($60 million EYWA)

The remaining part is used for the EYWA DAO treasury.

For more details about TGE and tokenomics, visit: Tokenomics by EYWA CrossCurve.

Recent updates and potential April airdrops

Currently, EYWA has launched on Curve A new DEX developed with the support of Cross-Curve.

New DEX features include:

Low slippage cross-chain exchange

Ranking list and enhanced recommendation system

Airdrop activities and points system

How to earn points?

Let us focus on the 4 main ways of point farming:

DEX trading: Used for cross-chain transactions (each $1 of trading volume -> converts to 1 pip).

Liquidity provided: for receiving and holding EYWA LP tokens: EUSD in wallet — points will accumulate (2- per day based on continuous holding time) 5 points).

Social activities: for simple social activities, such as likes and subscriptions on Zealy and Galxe. There's already a campaign running on Galxe where you can earn 10,000 points - so it's worth hurrying up.

Referral program: Invite friends through a three-level recommendation system and you can also earn points (10% - first level, 6% - second level, 4% - Level 3).

So, EYWA is moving quickly, and as AirdropHunter CEO mentioned in a recent AMA - it could be as early as April 2024 airdrop!