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The protocol allows users to swap cryptocurrencies across different blockchains without the need for complicated bridges, which often lead to delays. For example, utilizing traditional methods to transfer funds might take several days, whereas Maya Protocol aims to streamline this process.
Users can deposit their cryptocurrencies and, in return, receive tokens that represent their liquidity provision. Moreover, liquidity providers can earn a share of the transaction fees generated by the swaps within the protocol.
Advantages of Joining Maya Protocol
Maya Protocol outlines several key advantages for participants, particularly those interested in yield-generating opportunities: