Eywa (en)
Project's concept
Eywa is a cross-chain platform designed to establish effective interaction between existing large-scale projects.
Cross-chain technology seeks to enable interoperability between networks without the help of intermediaries. Thanks to this, business companies will be able to interact with customers from other compatible blockchains.
The big pain of DeFi protocols is the need to provide liquidity on every blockchain.
Eywa solves this problem: the project can provide liquidity in one network and it will work between six blockchains.
The Eywa cross-chain protocol has set the ambitious goal of not only enabling interoperability between different networks but also making this process simple and convenient for users.
The core of the protocol resides on the Fantom blockchain and all liquidity for cross-chain trading is stored on the Curve protocol. This protocol is considered to be extremely reliable, no one has ever managed to "hack" it - you may not worry for the users' funds.
The project already has more than 200 network validators and this number will gradually grow to 750. To ensure the security of the protocol, it is critical to have a large number of validators, in this regard, the project is doing great.
Following networks to be supported:
The protocol allows to solve the following issues:
- Exchange of assets of one network for random assets of another
- Using blockchain opportunities where the user has no assets
- Separate execution of business logic in different networks
- Providing other blockchains to connect their product to the wider community and potentially reduce the cost of implementation
- Fast and easy integration into all supported networks
- User-friendly interface
The protocol was audited by Hexens (they audited Plygon ZKEVM, 1inch, Lido, Quickswap, Ton, API3) and SmartState (they audited Cryowar, DAO Maker, Cyber Arena, Mintlayer). Negotiations are underway with a third audit company, most likely it will be Certik or Hacken.
Team
Project's supervisors
The team is based in the UAE:
33 employees, 23 out of all are blockchain developers.
The CEO and co-founder is Boris Povar, a mathematician with a degree in software technology and IT administration. Serial entrepreneur since 2014, co-owner of a fund that manages DeFi assets. Boris has extensive experience in mining, crypto trading, investing and managing digital assets, running about 300 nodes on various blockchains.
Farah Abutalipov - Business Development, co-owner.
15 years of experience in Business Development, venture capital investment and corporate governance.
A graduate of Harvard Business School, received an MBA from WBS (UK).
https://www.linkedin.com/in/farajabutalibov/
Petr Tagunov - technical director, co-owner.
Over 20 years in software development in the field of big data, AI/ML and blockchain technologies.
https://www.linkedin.com/in/peter-tagunov-java/
Alexander I β strategic director, co-owner.
Serial entrepreneur since 2009, co-owner of a fund that manages DeFi assets.
https://www.linkedin.com/in/alexander-i-874169a2/
Very strong team with an extensive experience in blockchain development.
Investors and partners
The team received 6 grants from networks such as Near, Harmony, Algorand, Aurora, CoinEx, BobaNetwork and won several hackathons.
There are many small funds among investors and the most famous one is Big Brain Holdings.
Big Brain Holdings is a well-known American venture capital fund that actively invests a lot in crypto startups at early stages.
The fund has a very large portfolio: its most famous investments are Near, Solana, TheGraph, Chia, arweave.org, MystenLabs, Oasys, Shardeum.
Basically, the project is aimed at small venture and community funds in order to attract a large number of retail users and that's Eywa actively cooperates with a large number of crypto companies.
Partners
There are many well-known names among the project partners: OKEx and CoinEx exchanges, Polygon, Near, 1inch, Brave, HarmonyOne, Algoland, Aurora and many others.
$EYWA token untilities
- Farming - get rewarded for adding liquidity to pools and get rewarded in the form of $EYWA tokens.
- DAO, Governance Token - Stake $EYWA and participate in decision making in Eywa DAO.
- Proof of Stake β become a validator, stake $EYWA in order to increase the security level of the Eywa network and earn at the same time.
- Liquidity Providers - Stake $EYWA in a DAO in order to improve capital efficiency as a liquidity provider.
- Commissions for gas. The $EYWA token can move between networks for free.
- Discounts - reduced prices for transfers across bridges, transaction costs, transfers without paying gas fees.
Tokenomics
Our round: Private round 2.
$EYWA token price β 0.06$. The price of the token is not much higher than the previous rounds that were collected a year ago and our risks are much lower since the release of $EYWA tokens to the exchanges is coming soon.
TGE 0%, cliff 6+1 months, then unlocking 10% of the tokens and then linear vesting for 18 months.
The listing will take place on the ByBit and Gate exchanges approximately in July 2023.
Summary on tokenomics: our community has a good entry price, tokenomics is nicely thought over and there are only three months left before listing on exchanges.
Team and advisor's rounds have much longer unlock and that will help us to sell our tokens earlier.
Social media
π Eywa projects website https://eywa.fi/
π¦ Twitter https://twitter.com/eywaprotocol β 56Π of subscribers.
Twitter is followed by Near Protocol, several representatives of venture funds, partners from Boba Network and Aurora.
π¨π»βπ» Telegram https://t.me/eywa_channel β 35Π of subscribers.
π» Youtube https://www.youtube.com/channel/UCDnOd4xwk6c-AVsDZ0Rm0Qg β 29Π of subscribers.
πΎ Discord https://discord.com/invite/vVNrMqJqAU β 18K of subscribers.
π» Medium https://medium.com/@eywaprotocol β 43K of subscribers.
π» Github https://github.com/eywa-protocol
The project maintains all social networks very diligently, constantly updating and posting new updates, news and activities for users that demonstrates good dynamic growth of social networks gradually gaining popularity.
Interesting and relevant concept of the project.
A good utilitarian protocol with a high focus on security with growing popularity.
Potentially one of the industry leaders.
A strong development team with a large number of partners.
Tokenomics is competent, we have a profitable offer with a good entry price, listing of the token on exchanges is coming soon.
Thoughtful utility token.
Definitely claims to become a favorite among the tokens in your crypto portfolio.