EYWA is Now on Aurora

Published on: 15.12.2022
EYWA is Now on Aurora

EYWA, a new decentralized cross-chain interoperability protocol, is now live on Ethereum Virtual Machine (EVM) Aurora.

From today, users will be able to transfer any asset between any connected chain cheaply and easily, as well as benefit from an array of innovative DeFi features.

EYWA’s mission is to bring the world of DeFi together, enabling the industry to reach a new stage of its development while fostering adoption through the creation of improved DeFi products that cater to the needs of their users. To reach this goal, EYWA’s architecture has been built around two pillars, the EYWA Cross-chain Data Protocol (CDP) and the EYWA Cross-chain Liquidity Protocol.

CDP
The CDP, is the transport layer for all EYWA ecosystem products as it allows the transfer of data between different blockchains. The protocol is open-source and can be used by any developer to bypass interoperability issues when developing their dApps.

CLP
The CLP, on the other hand, is a DEX distributing across various blockchains. That allows end users to work with native and synthetic assets without using intermediate entities. Effectively, it allows users to perform exchanges, add or remove assets. Or form liquidity pools more easily by automating transactions with the issuance and burning of synthetic tokens during cross-chain operations.

On August 4th 2022, EYWA and Aurora announced their strategic partnership which envisioned Aurora as the Governance Chain for EYWA. With this partnership, EYWA will unlock the opportunity for developers to build better dApps while allowing users to engage with DeFi products in a much simpler way.

About Aurora

Aurora is an Ethereum Virtual Machine (EVM) based on the layer 1 proof-of-stake blockchain NEAR Protocol. Aurora provides a solution for developers to deploy their apps on an Ethereum-compatible, high-speed, scalable, and future-proof platform with low transaction costs for their users.

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EYWA is a constellation of systems that allow different blockchain ecosystems to interact with each other seamlessly. EYWA allows users to quickly and inexpensively move their assets among various networks, while developers can effectively implement a cross-chain logic for their dApps.

SOURCE:

https://auroraisnear.medium.com/eywa-is-live-on-aurora-network-8719c9680894

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