What is EYWA (EYWA)

EYWA: Pioneering Cross-Chain Liquidity in Decentralized Finance

In the ever-evolving landscape of cryptocurrency, one project has emerged as a noteworthy player in the decentralized finance (DeFi) domain. Enter EYWA, a cross-chain liquidity protocol that promises to revolutionise the way assets are swapped across various blockchain networks. As we delve into the intricacies of EYWA, we aim to unravel its significance, the innovative solutions it offers, and its overarching goals in the crypto industry.

What is EYWA?

Founded in 2021 and headquartered in the picturesque Road Town of the Virgin Islands, EYWA operates at the forefront of the DeFi movement. The core objective of the EYWA project is to enhance liquidity within the crypto market by facilitating low-slippage swaps of various assets. This includes liquidity provider tokens, stablecoins, and other digital assets, ensuring traders and users can transact with efficiency and reduced cost.

A defining feature of EYWA is its CrossCurve service, which seeks to leverage the extensive liquidity pools established by Curve. By tapping into these pools, EYWA enables users to conduct transactions at lower costs and with minimal slippage, contrasting with the challenges often faced in traditional trading environments.

Who are the Creators of EYWA?

The brains behind the EYWA project comprise a skilled team of professionals with diverse backgrounds in software technology, business development, and blockchain innovation. The leadership includes:

• Boris Povar: As the CEO and co-founder, Povar brings a wealth of experience in software technology and IT administration. His vision for EYWA is deeply rooted in understanding the technological framework that supports cryptocurrency operations.

• Faraj Abutalibov: Serving as the Chief Business Development Officer (CBDO) and co-founder, Abutalibov has garnered over 15 years of experience in business development, venture capital, and corporate strategy. His expertise helps navigate the extensive landscape of DeFi relationships and partnerships.

• Peter Tagunov: The Chief Technology Officer (CTO) and co-founder, Tagunov boasts over 20 years in software development, Big Data, artificial intelligence, machine learning, and blockchain technology. His technical prowess is critical to ensuring that EYWA operates at the technological frontier.

Who are the Investors of EYWA?

The financial backing of EYWA captures the attention of notable investors within the investment landscape. The following organisations have shown confidence in EYWA's potential:

• GBV Capital
• Marshland Capital
• Big Brain Holdings
• Mulana Capital
• Michael Egorov
• Additional undisclosed investors

This robust base of financial support serves as a testament to the confidence and belief in EYWA's mission and its projected impact on the decentralized finance landscape.

How Does EYWA Work?

Delving into the operational mechanics of EYWA unveils a sophisticated infrastructure designed to provide unique advantages in the DeFi space. The centerpiece of EYWA's functionality is the CrossCurve indexing service, which facilitates seamless and efficient swaps of digital assets across different blockchain networks.

The unique quality of EYWA lies in its focus on low-slippage transactions. By engaging with Curve's liquidity pools, EYWA effectively mitigates the fluctuations in exchange rates that often accompany trades. This approach not only enhances user experience but also fosters a more stable trading environment—a notable consideration in the volatile world of cryptocurrencies.

Moreover, EYWA's cross-chain capabilities set it apart in a crowded marketplace, harnessing an innovative approach that can significantly increase liquidity across different ecosystems. Such functionality opens doors for users to access a wider array of assets while enjoying superior transaction efficiency.

Timeline of EYWA

The journey of EYWA is marked by a series of pivotal events that sketch its growth trajectory and development milestones:

• 2021: Established in Road Town, Virgin Islands, EYWA commences its mission to innovate in the field of cross-chain liquidity.

• 2023: In a significant boost to its operational capabilities, EYWA successfully raises $7 million in a funding round, reflecting growing interest and investment in its vision.

• November 2023: EYWA officially launches its cross-chain liquidity protocol, marking a critical moment in its development and positioning within the DeFi landscape.

• May 2024: The project participates in the renowned “10 Years of Decentralising the Future” event held in Austin, Texas, further solidifying its presence in the crypto discourse.

Key Points to Remember About EYWA

• Cross-Chain Liquidity: EYWA stands as a pioneering force in providing a cross-chain liquidity protocol, which allows for efficient swaps across blockchain networks.

• Low-Slippage Swaps: The CrossCurve service focuses on delivering low-slippage swaps, drawing from Curve’s well-established liquidity pools to offer enhanced transaction stability.

• Focus on DeFi: EYWA's primary dedication to decentralised finance positions it as a key player in fostering innovations that support this evolving sector.

• Global Team: With a diverse team based across Turkey, UAE, Ukraine, Mexico, Russia, Israel, Latvia, and beyond, EYWA boasts a wealth of international perspectives and expertise that enrich its operations.

Through its innovative product offerings and robust operational foundations, EYWA sets itself apart in a dynamic market. As the decentralised finance landscape continues to grow and mature, EYWA’s commitment to enhancing liquidity and reducing slippage may prove instrumental in defining the future of cryptocurrency exchanges and trading.

As we observe the evolution of projects like EYWA, the potential of cross-chain technology will likely become crucial in realising the full promise of DeFi—creating a more interconnected, efficient, and user-friendly financial ecosystem.