Maya Protocol $CACAO

Maya Protocol is a decentralized liquidity protocol built on the Cosmos SDK. It provides the ability to perform native swaps across multiple blockchains in a non-custodial way. As a friendly fork of THORChain, Maya Protocol manages to preserve backward compatibility while also introducing new unique features and innovations. Among its unique features is the concept of Liquidity Nodes.

Maya Protocol: A THORChain Fork

Maya Protocol is a friendly fork of THORChain, a project also known for its decentralized liquidity pools. By maintaining backward compatibility with THORChain, Maya allows easy integration and functionality for users and developers already familiar with THORChain's ecosystem. Additionally, Maya builds on top of these existing features by introducing new unique aspects and improvements.

Liquidity Nodes

One of the notable features of the Maya Protocol is the concept of Liquidity Nodes. These nodes facilitate the decentralized exchange of assets and play a significant role in ensuring the robustness and efficiency of the platform.

Self-Custody and Permissionless Swaps

Like THORChain, Maya Protocol does not use pegged or wrapped assets and does not involve any bridges for asset swaps. This allows users to swap real native assets in a fully permissionless manner with no need for Know Your Customer (KYC) procedures. Additionally, the approach enables users to maintain self-custody of their assets, greatly reducing the exposure to centralized and counterparty risks.

Conclusion

Maya Protocol's approach to decentralized liquidity provision and asset swapping lays a strong foundation for a decentralized finance ecosystem. By avoiding pegged or wrapped assets and bypassing bridges, it allows users to engage in trustless, permissionless exchanges of native assets. The introduction of features such as Liquidity Nodes further enhances the platform's functionality and user experience. This results in a more secure, efficient, and robust platform for cross-chain asset swaps.