Mayan Finance converts input tokens to USDC on the source chain using swap aggregators and sends them to the destination chain using CCTP (Cross-Chain Transfer Protocol). It then holds an auction on Solana to find the highest bidder for the swap, with the winner responsible for performing the swap on the destination chain. The winner executes the final swap and sends the output tokens to the user's wallet trustlessly.
Is Mayan Finance a secure platform?
Mayan Finance utilizes trustless bridging smart contracts leveraging the Wormhole protocol, which enhances security. The platform has been audited by Ottersec, adding an extra layer of security assurance. As with any DeFi platform, users should always exercise caution, do their own research, and contact support in case of any troubles or concerns.
How to use Mayan Finance?
To use Mayan Finance, visit their web interface and connect your wallet. Select the source and destination chains, choose the tokens you want to swap, and enter the amount. Approve the transaction and confirm the swap to complete the cross-chain transfer.
What services does Mayan Finance offer?
Mayan Finance offers cross-chain swaps between various networks including Ethereum, Solana, Sui, Avalanche, Polygon, and Binance Smart Chain. It provides a 'Gas on Destination' feature, enabling immediate transactions post-swap. Additionally, Mayan Finance offers a swap explorer for users to track their transaction progress and observe swap details.
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