EYWA, a platform for comprehensive cross-chain interoperability, launched its alpha test on Sept. 19. This is designed to test the functionality of the cross-chain transfer of crypto assets and data.
EYWA is an ambitious project to create a universal cross-chain interoperability protocol that provides fast and cheap transfer of both value and arbitrary data between any of the blockchains that support smart contracts.
The EYWA system includes the following components:
EYWA Cross-chain Liquidity Protocol is a system of decentralized automated market maker (AMM) exchanges located in different blockchains but united in one interface. That is, traders can use it as a regular DEX, but at the same time, transactions are processed in multiple blockchains at once.
EYWA Cross-chain Bridge is a system for minting synthetic assets necessary for transferring value between blockchains. At the same time, every synthetic asset is provided with a token or coin frozen in the original blockchain.
EYWA Cross-chain Data Protocol is a protocol for transferring arbitrary data between blockchains. It is a system of smart contracts deployed in multiple blockchains, supplemented by a decentralized network of oracles.
EYWA Relayer Network is a decentralized network of oracles that verifies data transmitted between blockchains, including information about transactions made during the transfer of value operations. Oracles are not only completely independent but also financially responsible for the reliability of the transmitted data.
After the full launch, the EYWA project governance will be completely decentralized — all decisions will be made only by voting in the EYWA Cross-chain decentralized autonomous organization, or DAO.
EYWA will provide not only the possibility of efficient transfer of funds between decentralized finance (DeFi) protocols in different blockchains, but also a ready-made blockchain interoperability protocol that decentralized application (DApp) developers can freely use. According to the EYWA developers, this will not only simplify the creation of cross-chain DApps but also increase their quality, since teams will be able to focus on the business logic of their applications.
Launched on Sept. 19, the EYWA alpha test is designed to test the basic cross-chain functionality. Developers are already trying to involve as many users as possible in order to subject the protocol to the most rigorous testing.
The EYWA alpha test is designed in game form. In order to join it, it is enough to register your wallet in the EYWA Telegram bot, select two blockchains to work with and start completing simple tasks, for example, transfer test tokens issued by the project between blockchains.
At the end of the alpha test, its participants will be rewarded with unique NFT tokens; the value of which depends on the participant's individual activity. These NFTs can be sold on the OpenSea marketplace or used to get EYWA tokens on the mainnet.