Our vision of the digital future is a multi-chain world in which assets are traded directly with no centralized intermediary to govern or abuse the process.
The El Dorado dApp will be the Web3 City Of Gold — A cross-chain platform (DEX) to conduct financial transactions in a permissionless, decentralized, non-custodial manner. All the functions of a centralized exchange (CEX), none of the risks. El Dorado Citizens will use the platform to exchange Native L1 assets, earn real yield on their crypto, and exercise self-sovereign financial freedom.
In addition to its primary function as a cross chain DEX, El Dorado will be the central development hub for Maya Protocol and its upcoming Aztec Chain — Funding, Launching, Listing, and Facilitating Transactions for Maya’s breakout decentralized companies built on Aztec.
Maya Protocol was born in collaboration with THORChain as a “friendly fork”, with investment and partnership with ecosystem partner Thorstarter. For the duration of 2022, the Maya Protocol team raised, built, and grew.
In Spring of 2023, Maya finally conducted its fair launch liquidity auction, raising $11.5M, which would allow the protocol to launch with nearly $25M in TVL in the depths of a bear market.
With the demonstrable success of THORChain, Maya is now poised to erupt on the multichain scene by offering greater capital efficiency (50% more per unit TVL versus THORChain) utilizing a novel and innovative approach to bonding of capital assets in "Liquidity Nodes". In addition, Maya will have its own programmable L1, Aztec Chain —something THORChain does not have in any form, set to go live in Q1 2024.
Where THORChain has proven to be good, Maya aims to be Great.
The technology is in place. The funds are raised. The scene is set for a Maya/Aztec Multichain Cambrian Explosion. El Dorado will be the central development hub for Maya Protocol and its upcoming Aztec Chain — Funding, Launching, Listing, and Facilitating Transactions for Aztec and Maya’s breakout decentralized companies.
The scope of the project includes but is not limited to becoming Maya and Aztec’s:
Primary Native DEX
Decentralized Lending and Borrowing Hub
Funding Mechanism (Launchpads may not be referred to as Launchpads in the next cycle, we are planning to call our Funding Mechanism/Launchpad a “Fair Launcher”)
2022 was a credibility crisis for all blockchain related businesses. Centralized entities failed repeatedly, egregiously, including the notable collapses of centralized exchanges FTX and Celsius, and the entire Terra Luna ecosystem.
In 2023 the talk of the web is crypto decoupling from traditional equities markets, inflation driving the public to Bitcoin and other cryptocurrencies, and the clear need for decentralized alternatives to centralized exchanges.
The writing is on the wall. The world needs THORChain, and its success to date is proof.
Now the world needs the next step: Maya Protocol and projects built on Aztec, and El Dorado aims to be a central pillar fostering development on both.
THORChain has proven the ever-expanding market need for cross chain DEX technology.
Maya Protocol is building on and improving the THORChain value proposition to a new community outside the THORChain silo.
El Dorado will endeavor to help Maya expand, making inroads into novel ecosystems untouched by THORChain starting with Cardano, Kujira, Dash, Kaspa, Arbitrum, and more to come
El Dorado will also be a central fixture to help fund, launch, list, and popularize projects built on Maya’s Aztec Chain.
See you in the awaited City of Gold — El Dorado where financial freedom awaits.