Thorstarter, the hybrid IDO launchpad, recently announced a partnership with Maya Protocol. The unique launchpad has joined hands with an equally unique CosmosSDK-backed replicated state machine.
The partnership will see the ventures promote multi-chain DeFi, boosting DEXs’ use-case globally. In addition, Maya Protocol aims to coordinate asset movement, like stakes, swaps, and more, without pegging any assets. Its objectives bode well with Thorstarter, which wants to bring more investment and liquidity.
In addition, the integration will help Thorstarter’s latest product – THORchain. The venture will be Thorstarter’s first attempt to create complete decentralized finance using multi-chain decentralized exchanges. However, despite gaining valuable support, the project cannot capture the entire market due to security reasons.
Such restraints have stopped many projects from market domination; that is why Thorstarter is joining hands with Maya Protocol. The protocol will equip Thorstarter with the $CACAO token, proposing multiple use-cases.
Some of the use-cases are:
Security: The token ensures that every node is incentivized to constantly bond and buy enough CACAO.
Liquidity: CACAO token in grits value of pooled assets when the token is bonded to existing assets. Thus, as the assets increase in value, so does the CACAO token.
Governance: The token also notifies users regarding asset listing and delisting activities.
Incentives: It also offers incentives like subsidized emissions, fees, and emissions.
Maya plans on a May launch, which seems to be the right time as the battle between CEXs and DEXs is heating. The launch will also bring multi-chain decentralized finance to the market, which will be big as the network has incubated for the perfect Q2 launch.
As a decentralized liquidity protocol, Maya allows efficient and quick exchange of crypto without any middlemen. One of the most crucial features it brings to the table is multi-chain compatibility. The venture is certain to amass a global success with such features on display.