“EYWA’s partnership with Curve Finance positions the company as one of the most viable cross-chain liquidity providers.”
ROAD TOWN, BVI, May 22, 2023 (GLOBE NEWSWIRE) – EYWA, the cross-chain liquidity protocol that enables seamless interoperability, has announced a partnership with Curve Finance. EYWA is a DEX and liquidity protocol that allows new projects to make their tokens cross-chain accessible.
Projects can be launched with just a few clicks, without the hassles associated with centralized listings. Tokens can be exchanged on different blockchains via the EYWA DEX.
Curve Finance is DeFi’s leading automated market maker (AMM). Hundreds of liquidity pools have been successfully launched through Curve Finance, with high liquidity, low slippage and low fees. Curve has over $4.5 billion in locked assets and extremely high transaction volume worldwide. Commenting on the partnership between EYWA and Curve, Curve CEO Mikhail Egorov stated:
“EYWA is building a very interesting solution: it’s not just a typical bridge.” They solve the problem of liquidity fragmentation between chains by creatively assembling curve meta pools and the actual bridge. “It sounds like magic when a liquidity pool works across multiple chains, and it’s exciting to have Curve AMMs at the core of that magic.”
The partnership will encourage collaboration between the developers of both decentralized liquidity providers. Curve Finance will be the validator of the EYWA Oracle Network and participate in the EYWA multi-signature management.
EYWA’s cross-chain pool liquidity will reside in Curve’s smart contracts and the EYWA DAO will receive a share of commissions from exchange transactions. EYWA extends Curve’s functionality by unlocking the ability to conduct cross-chain exchanges and provide cross-chain liquidity using Curve smart contracts.
Within the EYWA ecosystem, four stablecoins are supported on different blockchains for transactional purposes – USDT, USDC, TUSD and DAI. The token exchange process is ultimately facilitated by the EUSD stablecoin, the core token on EYWA.
The story goes on
The first derived token is the sToken and the second derived token is the eToken. The native stablecoin EUSD then acts at the top level, allowing for easy exchanges between tokens across all major blockchains.
Tokens can be exchanged between all blockchains in any direction and the user is the liquidity provider. EYWA currently supports six major blockchains – Ethereum, BNB, Polygon, Arbitrage, Arbitrum and Fantom. The protocol is powered by the Fantom Hubchain.
The Curve partnership is an important milestone in the development of EYWA as it increases both market awareness and the functional effectiveness of the protocol. Existing Curve users can leverage EYWA’s DEX to increase liquidity across blockchains via a single pool of liquidity that “works like magic,” according to Curve Finance’s CEO.
This could also have a major impact on new Web3 projects launched on EYWA, as it will no longer have to follow the path of a CEX listing and will ultimately allow for excellent operability between tokens across the chain.
About EYWA
EYWA is a cross-chain liquidity provider that enables effortless token exchanges across chains. It is an all-in-one liquidity solution that reduces costs and increases exposure of new Web3 startups. The main products include the EYWA Cross-Chain Liquidity Protocol (EYWA DEX, EYWA Token Bridge) and the EYWA Cross-Chain Data Protocol.
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Disclaimer: This article does not contain an offer to sell, a solicitation of an offer to buy, or a recommendation for any security or any other product or service. This is not investment advice. Please do your own research.
Media contact:
Contact person: Boris Povar
Email: [email protected]
Location: Tortola, BVI
Source: EYWA
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