The Maya Protocol has been efficiently built-in with Radix, which allows trustless asset exchanges throughout a number of chains and unlocks new pathways for tokens of worth (TVL) from supported chains to movement into the Radix ecosystem.
The @Maya_Protocol integration with Radix is full! đ
Maya and Radix customers can now trustlessly trade belongings cross-chain on platforms like @CacaoSwap đ«, enabling extra customers and belongings to movement between each networks
This is the total particulars —ïžhttps://t.co/qVrNhrfadu pic.twitter.com/uTiRQheZXR
â Radix â Radically Totally different DeFi (@radixdlt) September 2, 2024
Maya Protocol is a pleasant fork of THORChain that permits customers to swap belongings cross-chain, for instance, swapping USDC on Ethereum to XRD on Radix. It harnesses cross-chain liquidity and straight manages funds by means of on-chain vaults, bolstering safety by means of financial incentives and sturdy mechanisms. Averaging 4 million USD of buying and selling quantity every day, Maya protocol supplies a brand new entrance level for native crypto customers to onboard to Radix and discover the ecosystem.
Extra About This Partnership Between Radix & Maya
Radix DLT is a decentralized finance platform that gives a full stack for Web3 improvement. It provides a user-friendly Radix Pockets, Scrypto programming language, and Radix Engine for safe dApp improvement. Its Cerberus consensus algorithm ensures scalability and safety, catering to builders and customers within the DeFi and Web3 area.
After receiving a optimistic vote from the neighborhood of decentralized MAYANode operators, the collaboration between Maya and Radix has been accomplished. Customers of Maya Protocol and Radix can now swap belongings throughout chains in a reliable method, which opens up new pathways for the $63 billion value of tokens of worth (TVL) that are actually on chains supported by Maya Protocol to movement into Radix.
By permitting extra customers and belongings to movement into Radix, the Maya Protocol integration will present decentralized purposes constructed on Radix with further capability for enlargement. This answer will improve key community measures, together with TVL, weekly transactions, consumer acquisition, and retention.
The enlargement of entry for customers from different chains to seamlessly bridge their belongings into and out of the Radix ecosystem has been a important goal for Radix, and this integration represents a big milestone for the corporate.
For the primary time, the brand new Maya Protocol integration may be utilized by means of CacaoSwap. Radix prospects can effortlessly trade important belongings comparable to native Bitcoin and Ethereum, USDT/C on Ethereum, Arbitrum, Avalanche, and different cryptocurrencies.