Cross-chain decentralized exchange Maya Protocol to launch its mainnet on March 7, 2023

Share This Post

Cross-chain decentralized change Maya Protocol confirms the date of its mainnet launch amid a decentralization pattern that continues to achieve momentum from the power of decentralized finance (DeFi) regardless of the cruel market circumstances of the final months precipitated partly by centralized finance failures and blowups that impacted the business. In response to the crew, now is a vital second for noncustodial alternate options to interchange conventional centralized Web3 options.

The way forward for decentralized buying and selling is right here. Maya Protocol, the noncustodial, permissionless, cross-chain decentralized change, is formally launching its mainnet on March 7, 2023. Amid the rising pattern of decentralization within the DeFi area, Maya Protocol is poised to revolutionize the best way we commerce tokens throughout completely different blockchains, natively with out bridges and wrapped property.

Maya is a decentralized liquidity supply protocol that permits the buying and selling of tokens throughout completely different blockchains and liquidity offering (LPing) in a permissionless, trust-minimized, noncustodial method. Based in 2021, Maya is a “pleasant fork” of THORChain working on the identical elementary applied sciences (Tendermint, Cosmos SDK and automatic market maker) and appears to enrich the Web3 liquidity back-end construction by betting on a number of improvements and differentiators. For these unfamiliar with THORChain, you should use its revolutionary expertise to swap throughout eight completely different blockchains at this time utilizing any of its hottest consumer interfaces, akin to THORWallet, THORSwap, XDEFI, Rango Exchange, Defispot, and trace: Trust Wallet itself! (Yep, THORChain powers the backend magic for Belief Pockets’s incredible cross-chain swaps).

What differentiates Maya Protocol is that it boasts a completely public, clear “honest launch” course of and claims to attain, on common, 2x THORChain’s capital effectivity by permitting node operators to supply liquidity with their staked bonds. Moreover, Maya Protocol’s native liquidity token, CACAO, could be exported to safe a number of sidechains, permitting it to deal with sensible contracts, the Ethereum Digital Machine, nonfungible tokens (NFTs) and extra.


Maya will probably be conducting a preannounced CACAO fair-drop for everybody including liquidity into its swimming pools throughout a interval of 21 days beginning on March 7, 2023 — a course of it calls a “liquidity public sale.” Notoriously, a batch of MAYA cash will probably be issued too, however will solely work as revenue-accruing tokens and never facilitate any liquidity pairs or be used to pay any community charges. Anybody can acquire MAYA tokens through an airdrop by holding a Maya Mask NFT or RUNE (RUNE). Extra on this may be discovered on its Twitter thread here. The twin-token system has been cleverly designed to maximise the advantages for the neighborhood with CACAO and its honest launch whereas suppressing all promote strain with the implementation of MAYA.

Maya has been working on a stagenet since November 2022, primarily the Maya mainnet code working actual Bitcoin, Ethereum and THORChain full nodes. You possibly can attempt the stagenet out to swap actual native Bitcoin (BTC) to actual native Ether (ETH) — simply be certain that to not use vital funds to do it and anticipate excessive slippage because of the low liquidity atmosphere of the stagenet. THORWallet will even quickly be launching its beta model of Maya on iOS, Android, and as a web app.

The Maya Protocol crew has undergone intensive code safety audits with Halborn for six months to lower the chance of vulnerabilities at launch and thereafter. It can additionally launch bug bounties with Immunefi as quickly as all remediations from the audits have been patched, which is anticipated to complete by the top of January.

The Maya crew has been busy discovering collaboration alternatives with a number of well-established gamers within the business and may now rely the Thorstarter DAO and exterior pockets supplier THORWallet as its official launch collaborators. It’s through the latter’s cell app that customers will be capable of take part within the protocol, including LP positions or natively swapping throughout BTC, ETH, Tether (USDT) and USD Coin (USDC) (ERC-20) and RUNE, and shortly after the liquidity public sale is over, throughout KUJI, BNB Sensible Chain, OSMO and Sprint (DASH) — a mix particularly designed to enrich THORChain’s present providing.

For extra info on the venture, go to Maya Protocol’s official website, which features a thorough white paper, and its social networks, which embody Twitter and Discord.

The previous few months in crypto have been surprisingly turbulent, even by the requirements of our business, with among the most famed and celebrated centralized custodians failing and producing a wave of opposed financial repercussions. These occasions have delivered to gentle how simply belief could be damaged and the way protocol-level options, like Maya Protocol, can assist us iron out these points. Empowering decentralized networks to do all {that a} central change can do is vital to a really trustless future, one which Maya is right here to assist make a actuality. It’s the subsequent step in really separating cash from the state, a mission that Maya has declared itself to be lifeless set on realizing.

This publication is sponsored. Cointelegraph doesn’t endorse and isn’t liable for or accountable for any content material, accuracy, high quality, promoting, merchandise, or different supplies on this web page. Readers ought to do their very own analysis earlier than taking any actions associated to the corporate. Cointelegraph shouldn’t be accountable, immediately or not directly, for any harm or loss precipitated or alleged to be brought on by or in reference to using or reliance on any content material, items, or providers talked about within the press launch.


Related Posts

- Advertisement -spot_img