I will show you how to Buy Maya Protocol Cacao Tokens Using El Dorado Protocol.

What is Maya Protocol?
Hey everyone, welcome back to my channel! Today, let's talk about Maya Protocol.

In simple terms, Maya Protocol is a decentralized liquidity protocol built on the Cosmos SDK. It facilitates seamless swaps between different blockchains. Think of it as a variation of Thorchain, but with its own unique features in terms of tokenomics and liquidity provision.

I'm really bullish on platforms like Maya Protocol driving the next wave of crypto adoption. With these decentralized cross-chain liquidity protocols, you can say goodbye to traditional banks, centralized exchanges, and all the red tape. Want to swap your BTC for DASH directly? No problem, it's done in seconds. How about trading your ETH for KUJI tokens on Kujira? Piece of cake. And if you're into providing liquidity, you can earn from it too, with minimal fees, lightning-fast transactions, and no need for permission.

Now that you understand what Maya Protocol is and why it's worth exploring, let's talk about how to get started. I'll be honest, if you're new to Thorchain or similar protocols, it might seem a bit overwhelming at first. But don't worry, I'll walk you through it step by step. Once you grasp the basics, you'll see that it's simpler than it looks.

Getting started with Maya Protocol

Getting started with Maya Protocol is a breeze, and I'll share my preferred method, which I find incredibly straightforward. I rely on El Dorado as my main interface for Maya Protocol, while also keeping Thorwallet DEX as a backup option. I strongly advise you to visit their website to familiarize yourself with the tools you'll be using. Once you feel confident, let's get started by using it.

Step 1: El Dorado Dex:
Enter El Dorado by either clicking "Enter El Dorado" or by using this link.

Step 2: Connect xDefi wallet into El Dorado:
Click on "Connect Wallet," then select "Create New Wallet (Keystore)." This will prompt you to generate a Keystore file, which you can save on a flash drive or any secure location. You can connect your XDEFI wallet later; for now, let's focus on creating your wallet. You can connect keystore file, create a new wallet, or create keystore wallet from phrase. In this example, I will use the xDefi wallet. It is very similar to Keystore. xDefi has CACAO token support.

Step 3: Ready to Swap on El Dorado but no support of Atom token
Your wallet is now ready to use! Click on "View Wallet" to see all the addresses associated with your new wallet. You'll notice that you automatically have a Maya Address, as well as addresses for BTC, RUNE, ETH, and more! In my case, I do not have any tokens on my xDefi wallet. So, I am going to get some Atom tokens on Keplr wallet. I can transfer them directly to xDefi wallet from Keplr. I wanted to show you how to buy Kujira tokens next as well. Also, El dorado does not support Atom directly so I had to buy Kujir tokens as intermediate step.

Step 4: Kuji Tokens for El Dorado
To deposit funds into Kujira network, you can always buy Atom tokens from any Centralized DEX like Binance or Huobi global. Send it to your Keplr wallet. First, I had Atom tokens on Cosmos chain. I had to send it to Kujira side chain directly from the Keplr wallet. I click Send. Click IBC Send. Select Kujira side chain. I select little less than Max to have some gas to claim my staking rewards in Keplr wallet because I stake ATOM tokens on it. Click fees as low atom gas fees.

Step 5: Kujira Dex Swap Atom into Kuji token:
I am going to swap Atom tokens I got from Kujira dex where I swapped Atom for KUJI. I connect my Keplr wallet. Select Atom I transferred using previous step on IBC Send into Kujira side chain. Select Atom as from token and KUJI as to token and initiate a swap. Make sure always to pick lowest gas fees.

Step 6: Go back to El Dorado for Kuji to CACAO Swap
As of shooting this video, under stats, USDT was getting 66% APR. If this is accurate, it is fantastic for a stable coin. Also KUJI token was getting 34% APR. It is also great for a token with great potential.

I go back to El Dorado to swap KUJI token into CACAO. I select KUJI as from token and CACAO as to token. As before select lowest Atom gas fees.

In Conclusion
You can do this swap on Thorwallet as well. Except Thorwallet does not have enough liquidity for most assets to get CACAO tokens. I see great potential with 64% APR for stable coin USDT and 34% APR for Kuji token. However, El Dorado Protocol is very new and there is big potential for hack. Even large protocols like KyberSwap got hacked and lost 51 million dollars. I would not put too much money on El Dorado. I like the fact Maya swap is a cross chain swap just like Thordex that their is great potential for it's CACAO token to appreciate in a crypto bull cycle.

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