Maya Protocol is an innovative ecosystem that seamlessly integrates MAYAChain and AZTECChain, harnessing the strengths of both centralized and decentralized exchanges while mitigating their inherent drawbacks.

MAYAChain, an Automated Market Maker akin to Uniswap, stands out by employing cross-chain liquidity. Traditionally, achieving cross-chain swaps involved wrapping assets and bridging, which posed significant security risks. In 2022 alone, Chainalysis reported a staggering $2 billion lost to bridge hacks, accounting for 69% of all DeFi hacks. In contrast, MAYAChain, a friendly fork of THORChain, eliminates the need for asset wrapping. It directly manages funds in on-chain vaults and ensures their safety through robust economic security measures. This is made possible by leveraging the Tendermint consensus engine, Cosmos-SDK state machine, and GG20 Threshold Signature Scheme.

On the other hand, AZTECChain serves as a Smart Contract chain, unlocking the full potential of Maya Protocol. By combining MAYAChain's cross-chain liquidity with Smart Contracts and economic capabilities, AZTECChain enables a wide range of possibilities. Smart Contracts offer flexibility for crypto economies, enabling the creation and utilization of Algorithmic stablecoins, derivatives such as Synths, order book trading reminiscent of centralized exchanges, and numerous other functionalities.

AZTECChain is a fork of the Cosmos Hub (Gaia), which grants immediate access to the mature infrastructure and Smart Contract development ecosystem of Cosmos. While the launch of Algorithmic stablecoins will be delayed to ensure comprehensive economic design and run bounties, it's worth noting that neither Maya nor Aztec Chains will artificially inflate demand for their stablecoins or derivatives by subsidizing yield.

Maya Protocol represents a groundbreaking solution that combines the best elements of centralized and decentralized exchanges while prioritizing security, innovation, and sustainable economic design.