​​ What's coming to EYWA mainnet: Cross-chain EUSD stablecoin | 🇬🇧 EYWA Announcements

​​ What's coming to EYWA mainnet: Cross-chain EUSD stablecoin 

Hello friends!

We are continuing the series of posts about product features ready to be released in the mainnet! Today we will talk about the EUSD token.

EUSD is a non-algorithmic cross-chain stablecoin, 100% backed by the largest blockchain stablecoins in the EYWA exchange pool. 


What are the EUSD benefits?

It is available to be transferred commission-free between blockchains.
It is effectively convertible to all popular stablecoins (USDT, USDC, DAI and BUSD) in all supported networks with low slippage: Ethereum, BNB chain, Arbitrum, Avalanche, Polygon and Fantom.


This cross-chain stablecoin is actually an exchange pool LP-token that is located at Aurora Hub - our liquidity hub. Our bridge produces collateralized synthetic assets that are backed by locked native stablecoins, and these assets are aggregated into pools. The LP tokens of these pools are stabelcoins, and EUSD is an exchange pool token that is collateralized by the LP tokens of other pools.


Future EUSD possibilities:

For the end user: comfortable cross-chain trading. You will be able to perform transactions in all major blockchains from one pool.

For affiliate projects: gives the ability to make money on own liquidity. By providing liquidity to our stablecoin, the project becomes a liquidity provider. By using our stablecoin for its pool, the project earns on its own liquidity. In addition, projects can become members of the EYWA DAO and participate in decision-making.


Stay tuned so you don't miss anything!

Thank you,
EYWA Team