Decentralized cross-chain protocol EYWA received a grant from Algorand Foundation.
Dear users!
We are happy to announce that we received a grant from Algorand Foundation!
Since the launch of the Algorand Foundation Grant Program, many applications have been received from around the world from developers and innovators willing to participate in the expanding Algorand ecosystem. After
careful review and selection, Project EYWA has been selected as the latest grant recipient.
EYWA is a decentralized cross-chain data and liquidity transfer protocol. The EYWA protocol will create a unified DeFi ecosystem, cross-chain trading will become convenient and fast; decentralized applications will have
access to all the blockchain networks of the EYWA ecosystem. At the core of EYWA's goal for Algorand is to enable the transfer of information from one blockchain to another.
EYWA will allow smart contracts and users on Algorand to call smart contracts on external networks and vice versa (users on other networks to call smart contracts on Algorand). Smart contracts will allow you to
communicate bilaterally, that is, to have cross-chain interaction. As a result, Algorand will be integrated into communication with other blockchains, which will allow you to transfer assets from one chain to another (for
example, stables), bridge in the metapool and swap.
Aler Denisov, CTO EYWA, “On behalf of the EYWA team, I want to express my deep gratitude to the Algorand project for their trust. Having received this grant, we understand that our work was appreciated, and we are
on the right track. All in all, both EYWA and Algorand will benefit from this kind of cooperation, and this is the main principle and idea of the EYWA Protocol: synergy and long-term benefit for all parties.”
"The Algorand Foundation strongly believes in the EYWA philosophy that integration, competition, and cooperation between heterogeneous DeFi ecosystems and products will benefit the market and more importantly, our
community. This partnership further enhances our DeFi capabilities by delivering solutions that are not only convenient, fast, and secure but also tackles the problems other Layer 1s face such as high fees and congestion
in data transmission. EYWA is a decentralised, innovative solution that solves the problem of seamless interaction and fragmentation of liquidity across different blockchains, essentially turning DeFi products into
"financial LEGO" for the masses”. - Alan O’Connor, Algorand Foundation Grants Program Project Manager.
Thank you,
Eywa.fi Team