Glossary
All terminology you need to know when using EYWA
- EYWA Cross-chain Data Protocol (CDP) is the data transfer protocol among blockchains. It allows to move data among smart contracts on different networks in a reliable and secure manner;
- EYWA Oracle Network is a decentralized network of oracles that verify and confirm the correctness of data transmitted using the EYWA Cross-chain Data Protocol;
- EYWA Cross-chain Liquidity Protocol (CLP) is the liquidity protocol of the EYWA platform that allows to work with cross-chain liquidity in a pair with EYWA Assets and lets projects to trade the project token in various networks;
- EYWA Token Bridge is a system to transfer value among blockchains that works on a principle of creating backed synthetic tokens;
- EYWA Cross-chain DEX is a decentralized exchange to trade assets among supported blockchain and to earn on farming of provided liquidity for cross-chain exchanges;
- EYWA Assets is a derivative EYWA assets line backed by original liquid assets from different networks to effectively work with cross-chain liquidity;
- s-Token is a derivative of the original locked token. It is issued on another network by a lock in the EYWA Portal smart contract (a part of the EYWA Token Bridge);
- e-Token is the derivative backed by s-tokens of the same type and different networks in e-pools of the Hubchain. For example, eUSDT is backed by sUSD_ETH, sUSDT_BSC, sUSDT_POL and other assets from networks supported by the CDP protocol;
- EUSD Token is the asset backed by e-tokens in the eUSD pool, which is a core of the exchange of basic assets among networks;
- EYWA Multichain Gasless is a system for paying fees for transactions of the EYWA protocol in various blockchains;
- EYWA Cross-chain DAO is a decentralized autonomous organization that manages the EYWA project through the voting of EYWA token holders;
- Automated market maker (AMM) are software algorithms that provide instant and automatic execution of transactions and automatic determination of the asset price;
- Cross-chain interoperability is an ability to transfer data and assets among different blockchains;
- Synthetic assets - a derivative financial instrument, an asset created on the basis of another asset, identical to it in value and copying its behavior;
- Oracle is an agent that transmits information from the “outside world” to the blockchain and confirms it, for example, it can be information about real events or data from other blockchains;
- Liquidity is the ability of an asset to be quickly sold at a price close to the market;
- Liquidity pool is a trading pair of coins/tokens with blocked funds of liquidity providers, due to which the liquidity of this pair is provided;
- Liquidity providers are agents who provide financial resources to ensure the liquidity of assets and receive rewards for this;
- Custodial liquidity is the liquidity provided and controlled by one agent or a group of agents;
- Non-custodial liquidity is the liquidity provided and controlled by a variety of independent players;
- Proof-of-Stake is a concept that allows a network participant to engage in mining (confirm transactions and receive rewards), depending on the number of coins on their balance;
- Cross-chain farming is a type of yield farming, in which a liquidity provider finances a liquidity pool that works with more than one blockchain;
- Yield farming is the process of making a profit for providing liquidity to DeFi projects, primarily to decentralized exchanges and credit services.
Last modified 5mo ago