What is MAYZ?
Easily Navigated Cardano Investments
Kindly note that this Whitepaper is under development and will be extended during the course of the Catalyst proposal!
MAYZ is a decentralized index protocol to allow easy investment into the early growth of Defi on Cardano. With the recent launch of smart contracts and a burgeoning DeFi ecosystem, Cardano is in a very strong position for future growth. With MAYZ Index Tokens, you can purchase a share of a basket of Cardano tokens that grows inline with the ecosystem as a whole.
What makes Cardano such a timely investment?
Blockchain technology is on its very first years of development and adoption is growing exponentially. With the rise in economic destabilization, the threat of extended war, and the weaponization of the current financial system, new financial infrastructure will find an opportunity to gain market share over the next few years.
While the cryptocurrency revolution was started by Bitcoin, and smart contracts were introduced by Ethereum, Cardano is leading the Third Generation Blockchain, aiming to solve scalability, interoperability and governance matters.
Cardano is a proof-of-stake, sustainable and open-source blockchain with a big focus on interoperability, security, and scaling using a solid foundation of peer-reviewed data. Cardano is one of the few blockchains with solid community building. Currently has more than 21B Market Cap and millions of users around the world. Led by Charles Hoskinson (co-founder of Ethereum), has followed a path of peer-reviewed research and updates, unlike the “move fast and break things” style of other Blockchains. Cardano's growth will depend on solving scaling solutions.
Cardano Ecosystem
Alonzo hard-fork was implemented on Cardano last year, and that allowed Smart Contracts. Hundreds of new DeFi (Decentralized Finance) projects started to build on Cardano. Lending/Borrowing, Swaps, Launchpads, Stablecoin protocols, Oracles, Synthetic Assets, Insurance, Marketplaces, Data, Decentralized Exchanges, Metaverses, Play to Earn and NFT projects are some of the areas and projects that are building on Cardano. Also Layer 2 solutions, and interoperability projects like Bridges and Converters.
We are watching the very first stage of an ecosystem that will create a lot of richness, solutions and value for the world.
Ultrascalable Cardano
The explosive growth in DeFi smart contracts on Cardano has lead to congestion on the network. This was anticipated and prepared for in the long-term roadmap of Cardano. With the upcoming Vasil Hardfork (July) we will enter the fourth Cardano era, called Basho, with a focus on scalability. The Cardano Foundation is now focused on bringing scaling solutions, these will include increasing the block size and Layer 2 solutions like Hydra and ZK (zero-knowledge) rollups.
Vasil Hardfork and Hydra are massive innovations that will allow Cardano to support 2 million transactions per second and solve many of the challenges DeFi projects and dApps on Cardano currently have. This will be an amazing opportunity for the entire ecosystem.
Why MAYZ?
MAYZ is building a decentralized finance protocol that aims to bring Cardano exposure to a wide range of different investors. For years Cardano’s community has struggled to bring ERC-20 protocol and others blockchain users to the Cardano ecosystem. MAYZ has another strategy; we will bring Cardano to other blockchains. Currently, non-Cardano users can only get exposure to the Cardano ecosystem by holding ADA on centralized exchanges or wrapped ADA. Even though the simplest way to get exposure to an ecosystem is to hold its native currency, we think a better way is to hold an index that represents the whole ecosystem in a weighted asset manner.
Vision
Provide a diversified portfolio of Cardano Assets that represent the process of wealth creation on Cardano.
Bring exposure to non Cardano investors, such as crypto investors unfamiliar with the Cardano ecosystem and even non-crypto investors.
Simplify the challenges of managing a well-diversified portfolio in a fast-evolving ecosystem.
Solution
To achieve our vision, we will create a multi-chain decentralized protocol whose smart contracts will be running on Cardano with effortless single-click token bridging to host on outside chains. This kind of cross-chain infrastructure allows the protocol to provide more accessible services. For example, ERC-20 users will no longer have to set up a Cardano wallet to invest in the Cardano ecosystem.
Cardano Index Token
The Cardano Index Token will be managed by a set of smart contracts on the Cardano blockchain. This set of smart contracts will manage the portfolio of assets that the index represents. It will receive and withdraw funds, buy and sell assets, and mint and burn the Cardano Index tokens. Every Index Token will represent a fraction of a basket of Cardano tokens, meaning your investment is diversified and the value will grow or contract inline with the value of the Index as whole.
What is an Index?
An index is a method to track the performance of a group of assets in a standardized way. Indexes typically measure the performance of a basket of securities intended to replicate a certain area of the market. These could be a broad-based index that captures the entire market, such as the Standard & Poor's 500 Index or Dow Jones Industrial Average (DJIA), or more specialized such as indexes that track a particular industry or segment.
KEY TAKEAWAYS
An index measures the price performance of a basket of securities using a standardized metric and methodology.
Indexes in financial markets are often used as benchmarks to evaluate an investment's performance against.
Passive index investing has become a popular low-cost way to replicate the returns of popular indices such as the S&P 500 Index or Dow Jones Industrial Average
SOURCE: Investopedia
With Index's being a standard in the traditional financial market, our aim is to bring the same benefit and usability to the crypto industry. However, navigating that space can be even more complex than the traditional market. With a strong knowledge of the tech and behind each project launching, we aim to simplify this and help customers invest in the ever growing space, all while being sure that the research and background checks are done on each project joining the Index.
Cross-chain Investment
On the host chains, we will build smart contracts that will interact with existing bridges to allow easy purchasing of tokens. For example, an Ethereum investor will be able to buy index tokens on Ethereum network using $ETH, whilst smart contracts will handle the purchasing, bridging and minting. In the reverse, an Ethereum investor can sell their token and receive $ETH in exchange, without needing to worry about bridging and selling multiple tokens.
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