🏛️About
Frequently Asked Questions
What is El Dorado?
El Dorado is a City of Gold for exchanging, storing, and growing your digital assets.
We combine the speed and convenience of features commonly seen on centralized exchanges with the sovereignty and security of decentralized backends.
El Dorado collects no KYC, allows users to own their private keys, and therefore have absolute control over their assets. All the bells and whistles of a CEX, the sovereignty and security of a DEX.
What powers El Dorado?
El Dorado's started as the first Maya Protocol-native exchange. Next, we integrated Chainflip, followed by Rango and THORChain, enabling us to offer El Dorado users thousands of digital assets at top competitive rates.
You choose assets, we find you the fastest and cheapest rate.
Why did El Dorado start building on Maya?
Maya Protocol is furthering the vision of THORChain by expanding crosschain DeFi. Whereas THORChain links one "menu" of chains, Maya Protocol links a different, unique combination of chains. In addition, Maya seeks to build a native crosschain DeFi ecosystem with their programmable L1 "Aztec Chain", allowing the use of smart contracts, a feature that THORChain does not support.
With the Aztec, it will be feasible to utilize the same decentralized native swaps enabled by Maya/THORChain/Chainflip in a true money market ecosystem. This is a key pillar of the El Dorado roadmap: to build out beyond what is reachable by our individual backends.
As a frontend that will soon have as its backends Maya Protocol, THORChain, Chainflip and Rango, El Dorado will offer the benefits of all four to its users.
Does El Dorado charge a fee? And how much?
El Dorado is FREE to use under $250 swap value.
Above that, we charge a flat rate fee of 45 basis points .
On our roadmap are membership options to reduce or eliminate these fees for our community.
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