This seems pretty exciting! The first THORchain fork (probably of many coming in the future)
Maya is the second multi-chain dex in the market besides THORchain, and it basically is a CosmosSDK-powered replicated state machine to coordinate asset movement, including processing swaps, stakes, and more without the need to peg assets. Just like THORchain!!
The biggest thing for me right now is the incentive pendulum they mention in their docs, which apparently makes it so liquidity pools are automatically balanced (No impermanent loss??). They give a few reasons as to why THORchain shouldn’t be the only cross-chain DEX, these are some of them:
No competition = no collaboration.
Two minds are better than one.
There is no way THORchain can grow fast enough to capture the whole market. TPS limits.
All this seems pretty interesting, also it’s worth noting Maya is only the second of it’s kind, and could be an early investing opportunity for us Degens.