The Maya Protocol has been successfully constructed-in with Radix, which permits trustless asset exchanges across multiple chains and unlocks contemporary pathways for tokens of make a selection up (TVL) from supported chains to switch with the dash into the Radix ecosystem.
The @Maya_Protocol integration with Radix is total! 🌐
Maya and Radix users can now trustlessly alternate resources despicable-chain on platforms cherish @CacaoSwap 🍫, enabling more users and resources to switch with the dash between both networks
Right here’s the total crucial aspects ⤵️https://t.co/qVrNhrfadu pic.twitter.com/uTiRQheZXR
— Radix – Radically Diversified DeFi (@radixdlt) September 2, 2024
Maya Protocol is a friendly fork of THORChain that enables users to swap resources despicable-chain, shall we embrace, swapping USDC on Ethereum to XRD on Radix. It harnesses despicable-chain liquidity and immediately manages funds by on-chain vaults, bolstering safety by financial incentives and sturdy mechanisms. Averaging 4 million USD of procuring and selling quantity day-to-day, Maya protocol gives a contemporary entrance level for native crypto users to onboard to Radix and explore the ecosystem.
Extra About This Partnership Between Radix & Maya
Radix DLT is a decentralized finance platform that affords a full stack for Web3 pattern. It gives a particular person-friendly Radix Wallet, Scrypto programming language, and Radix Engine for genuine dApp pattern. Its Cerberus consensus algorithm ensures scalability and safety, catering to developers and users within the DeFi and Web3 set up.
After receiving a clear vote from the neighborhood of decentralized MAYANode operators, the collaboration between Maya and Radix has been done. Customers of Maya Protocol and Radix can now swap resources across chains in a faithful manner, which opens up contemporary pathways for the $63 billion rate of tokens of make a selection up (TVL) that are now on chains supported by Maya Protocol to switch with the dash into Radix.
By permitting more users and resources to switch with the dash into Radix, the Maya Protocol integration will present decentralized capabilities constructed on Radix with further skill for expansion. This acknowledge will develop key network measures, in conjunction with TVL, weekly transactions, particular person acquisition, and retention.
The expansion of access for users from various chains to seamlessly bridge their resources into and out of the Radix ecosystem has been a fundamental aim for Radix, and this integration represents a fundamental milestone for the company.
For the first time, the contemporary Maya Protocol integration may maybe presumably maybe also moreover be utilized by CacaoSwap. Radix potentialities can without command alternate serious resources comparable to native Bitcoin and Ethereum, USDT/C on Ethereum, Arbitrum, Avalanche, and various cryptocurrencies.
