EYWA is LIVE on Aurora Network!

3 min readDec 15, 2022

EYWA, a new decentralized cross-chain interoperability protocol, is now live on Aurora! From today, users will be able to transfer any asset between any connected chain cheaply and easily, as well as benefit from an array of innovative DeFi features.

What is EYWA?

EYWA is a constellation of systems that allow different blockchain ecosystems to interact with each other seamlessly. EYWA allows users to quickly and inexpensively move their assets among various networks, while developers can effectively implement a cross-chain logic for their dApps.

EYWA Architecture

EYWA’s mission is to bring the world of DeFi together, enabling the industry to reach a new stage of its development while fostering adoption through the creation of improved DeFi products that cater to the needs of their users. To reach this goal, EYWA’s architecture has been built around two pillars, the EYWA Cross-chain Data Protocol (CDP) and the EYWA Cross-chain Liquidity Protocol.

CDP
The CDP, is the transport layer for all EYWA ecosystem products as it allows the transfer of data between different blockchains. The protocol is open-source and can be used by any developer to bypass interoperability issues when developing their dApps.

CLP
The CLP, on the other hand, is a DEX distributed across various blockchains that allows end users to work with native and synthetic assets without using intermediate entities. Effectively, it allows users to perform exchanges, add or remove assets, or form liquidity pools more easily by automating transactions with the issuance and burning of synthetic tokens during cross-chain operations.

EYWA<>Aurora

On August 4th 2022, EYWA and Aurora announced their strategic partnership which envisioned Aurora as the Governance Chain for EYWA. With this partnership, EYWA will unlock the opportunity for developers to build better dApps while allowing users to engage with DeFi products in a much simpler way.

What’s Next?

In November the EYWA project went into technical mainnet. You can take a look at it and test out the mechanics here: https://app.eywa.fi/

In Q1 — Q2 of 2023 further important updates are planned:

Commercial Launch of mainnet on 7 chains:

E-tokens — EYWA cross-chain stablecoins;
EYWA cross-chain DEX for stablecoins;
EYWA Token Bridge;
EYWA Oracle Network in POA mode.

2. Audits of oracle network, transaction delivery system, arbitrage, smart contracts, and user interfaces.

3. EYWA DEX cross-chain listing for projects.

4. TGE and IDO.

5. EYWA Cross-chain Data protocol to launch in Roll-DPOS.

To follow the latest updates we incourage you to consult the following EYWA links: Medium, Twitter.

About Aurora

Powered by its high-performance EVM, and fully trustless Rainbow Bridge, Aurora combines an Ethereum compatible experience with the modern blockchain performance of NEAR Protocol. Aurora provides an an optimal environment for the creation of scalable, carbon-neutral, future-safe, and low-cost Web3 services, as well as the perfect tools to bring to life your Web3 initiatives. Try Aurora Cloud, our all-in-one cloud solution for enterprises, and get your Web3 journey started!