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EYWA Assets
Liquidity with EYWA assets and the usage of a single protocol liquidity hub pool allows end users of the project to effectively trade the token on EYWA DEX in different blockchains. Any holder of EYWA Assets is a liquidity provider in a single hub pool for cross-chain exchanges, which grants projects the possibility to receive rewards on the available pool volume.
EYWA Assets is the derivative line composed of these assets:
  • sToken (sUSDT, sUSDC, sDAI, sBUSD) β€” a derivative of the original locked token. Issued on another network by locking it in the EYWA Portal smart contract, which is part of the EYWA Token Bridge;
  • eToken (eUSDC, eUSDT, eDAI, eBUSD) β€” a derivative, backed by s-tokens of the same type and different networks in the e-pools of the hubchain. For example, eUSDT is backed by sUSD_ETH, sUSDT_BSC, sUSDT_POLY and other assets from the networks supported by the CDP protocol;
  • EUSD β€” an asset backed by e-tokens in the eUSD pool, which is the core of the exchange process of underlying assets between networks.
In order to understand how the mentioned assets are used, familiarize yourself with the diagram of interaction with EYWA Assets below and its description:
Diagram of Interaction with EYWA Assets
Step 1. The project team provides liquidity to EYWA DEX with USDC from Ethereum in order to put liquidity into the token X / eUSDC cross-chain pool on BNB chain;
Step 2. The USDC amount gets locked in the source network and an equal amount of synthetic tokens is synthesized for the user in Hubchain. Note: on the given step, the project can calculate eUSDC farming rewards that can be received by it with the help of EYWA DEX;
Step 3. Once eUSDC assets are obtained in Hubchain, it is added to the cross-chain pool command;
Step 4. After the mentioned above steps are completed, the project team is able to add token X to the token X / eUSDC cross-chain pool on BNB chain.
All EYWA Assets are backed by liquid assets from different networks that are locked in the protocol for cross-chain exchanges. With EYWA Assets, the user becomes, by default, a liquidity provider for cross-chain transactions and can earn income by farming EYWA Assets.
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