Maya Protocol, a cross-chain liquidity solution, integrates with Defispot, a user-centric aggregator with enhanced price efficiency and a user-friendly interface.
Key takeaways:
Maya Protocol is a cross-chain liquidity protocol designed to facilitate cross-chain swaps by providing the necessary infrastructure. Like Thorchain, Maya does not have a specific user interface (UI). Therefore, users interested in interacting with Maya must select a UI. We are glad to announce that Defispot has joined this ecosystem and is now compatible with Maya.
Defispot is a cross-chain aggregator that enables users to swap between tokens seamlessly across all supported chains. Its primary allure lies in its decentralized exchange, allowing users to maintain custody of their tokens. Defispot upholds the ethos of empowering users with complete control over their assets, emphasizing the concept of "you are your own bank."
Defispot currently supports 24 chains, encompassing major EVMs, with plans to extend support to all significant Cosmos chains soon.
Enhanced Price Efficiency: Defispot offers superior slip prices, surpassing centralized exchanges (CEXs), thanks to the integration of streaming swaps facilitated by Thorchain and the upcoming integration of the Maya Protocol.
User-Friendly Interface: In a domain where cross-chain transactions can be intricate and challenging, Defispot stands out with its remarkably user-friendly interface. Navigating the complexities of cross-chain functionality becomes more accessible and intuitive for users engaging with Defispot.
The primary benefit is that, previously, for many crucial trades involving BTC and ETH, Defispot solely relied on Thorchain. When Thorchain experienced downtime, Defispot encountered limitations with several inaccessible chains. However, with the integration of Maya Protocol, Defispot now has a secondary option for its users to lean back on. Furthermore, Maya Protocol occasionally outperforms Thorchain in pricing, offering an additional advantage to Defispot's users as it provides the best prices across the market. This benefit extends to every cross-chain integration. For example, Chainflip is set to be integrated soon, adding another layer of options for Defispot's users.
But Maya Protocol stands out because it directly integrates chains that previously required complicated two- or three-step swaps. Now, with Maya Protocol, these trades are done in just one smooth move. Think mainly about Arbitrum and Kujira.
And guess what? This streamlined process will also apply to assets like Cardano, which currently lacks support in cross-chain transactions, and Dash, which is exclusively supported on Maya protocol for cross-chain functionality.
Maya Protocol website
Maya Protocol Discord
Defispot
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