The market has still not fully recovered from the massive FUD of many Tier-1 projects disappointing their users with their airdrop distribution, not to mention the flood of various clickers and mini apps. Amid all this, the EYWA project hit the radar when it announced the completion of the first season of its airdrop program. That program was unusually generous with its distribution, giving active users x20 - x30 returns on their investment. Now, everyone who swapped on CrossCurve can check their wallets here.
The project’s team also presented their Mini App «Llamaville» and announced the launch of the second season of their airdrop program, which will reward both social and on-chain activity. The EYWA team will announce the on-chain CrossCurve activity details soon, so keep an eye on the announcements on their social media channels.
As far as the Mini App, Llamaville is a complete educational application. It immerses users into the world of crypto with all of its excitement and allows them to go through all the stages of growth: from fear and greed all the way to success, without risking real losses. At this point, the app is in the beta test phase and accessible only via invite. One can get an invite code in the Telegram and Discord communities of EYWA.
Why is EYWA worth paying attention to?
The project already attracted $7 million in investments from well-known VCs such as Fenbushi Capital, GBV Capital, Big Brain Holdings, Marshland Capital, and Mulana Ventures — as well as from the lead investor, Michael Egorov, the founder of Curve. The project’s team is actively working on nurturing new connections and partnerships, regularly visiting the biggest crypto events.
All the achievements and ambitions of EYWA are motivated by the scale of the solution that the project offers for the universal problem in DeFI — the fragmentation of liquidity. It’s not a secret that crypto assets in DeFi are extremely fragmented among the various L1 and L2 networks, and moving liquidity between them carries significant time and financial costs (not to mention the risks of a bridge crashing or being hacked). However, EYWA solves that problem using the Consensus Bridge.
EYWA Consensus Bridge is the official cross-chain data aggregation protocol of Curve, which eliminates the dependence on a single bridge when moving large volumes of liquidity. The ecosystem’s main product is the CrossCurve DEX, which facilitates low-slippage cross-chain swaps of assets and creates a united cross-chain liquidity market by aggregating Curve’s existing pools (TVL over $2B). By combining Curve pools for optimal slippage, the EYWA team creates a consensus of bridges which ensures the safety of users from the risk of hacking. If any of the bridges used during the swap gets compromised (resulting in data not matching), the transaction will be paused and users will be able to take their funds back on the origin chain.
Sounds like it has big potential, doesn’t it? Especially if one considers the uniqueness of the above technology. As such, we will keep an eye on EYWA. And in the meantime, make sure to subscribe to their socials and participate in their airdrop program.