Proposal to make a $50,000 grant in USDC to EYWA.
EYWA is a decentralized cross-chain protocol for transferring data and liquidity.
We have already launched the alpha version of the product (80k+ participating in alpha testing), and we are planning to connect with more networks this year.
We’re going to finish the alpha test by the end of the year. We will start testing the relayers network in Q1 2022. After that, we will run audits and launch to mainnet, this will be done in Q1-Q2 2022.
We are building a solution solving the interoperability issue as we believe that any application in the DeFi ecosystem will become a cross-chain app, so developers will not be going to build new apps for every single chain but will activate a cross-chain functionality inside ONE app to have access to 5-7 chains (or more) and this will become a new standard for the whole industry and would unlock a completely new set of applications that were previously not available and not possible, and that’s why we’re building this.
We’re offering 1,000,000 $EYWA tokens coming in as reward for its contribution. Vesting for 18 months with a 6 months cliff.
Here is the Eywa pitch deck, which has a lot of details on the mechanics and market landscape.
Through this grant, Nexus Matual will become a partner with EYWA in its mission to solve the interoperability issue in the DeFi ecosystem.