Street City, British Virgin Islands — Could 2, 2024
EYWA, a consensus bridge that secures transactions throughout a number of protocols, has raised a complete of $7 million because it delivers the brand new period of Web3 interoperability.
The funding has been led by Curve Finance founder Michael Egorov — with the venture just lately attracting two new backers: Fenbushi Capital and GBV Capital. They joined a seed spherical alongside Large Mind Holdings, Marshland Capital, Mulana Capital and others.
EYWA and Curve are working collectively to develop a trustless bridge that depends on a consensus of essentially the most dependable messaging protocols obtainable — eliminating dependence on a single bridge for transferring giant liquidity positions.
Michael Egorov says: “EYWA builds a really attention-grabbing answer — it’s not simply your typical bridge. They remedy the issue of liquidity fragmentation between chains by creatively composing Curve meta swimming pools and the precise bridge. Having one liquidity pool working throughout a number of chains feels like magic, and it’s thrilling to have Curve AMMs within the core of this magic.”
On the coronary heart of this quest to make cross-chain magic a actuality is CrossCurve — an revolutionary DEX conceived by EYWA and Curve’s partnership.
It facilitates low-slippage cross-chain swaps of varied asset sorts, supported by Curve’s deep liquidity within the billions of {dollars}. CrossCurve helps the seamless switch of a number of token sorts — from stablecoins to liquidity supplier and liquid staking tokens.
The general objective is to reshape the DeFi panorama, make cross-chain transfers extra intuitive and fewer painful, and create a one-stop-shop for merchants.
Main blockchains together with Ethereum, BSC, Polygon, Avalanche, Arbitrum and Optimism at the moment are below one roof — with assist deliberate for extra.
Gaining momentum
The recent funding comes scorching on the heels of EYWA profitable the Begin In Block competitors at Paris Blockchain Week — and coming in first place.
EYWA noticed off competitors from greater than 800 Web3 startups with excessive potential, and pitched in entrance of a whole lot of convention attendees on the grasp stage.
The venture is now advancing to the following spherical of the favored present Meet The Drapers, the place aspiring entrepreneurs battle it out to win $1 million in funding from billionaire investor Tim Draper and a panel of visitor judges.
What’s extra, the EYWA Journey Quest is underway — giving individuals an opportunity to win a share of fifty million $EYWA.
There are a number of methods of getting concerned on this airdrop.
- One level is earned for each greenback of buying and selling quantity generated by swaps on CrossCurve
- Those that present liquidity to CrossCurve swimming pools may earn as much as 5 factors a day — in addition to 50% of the swap charges
- Unique EYWA NFTs may also be earned by finishing duties on Galxe, that are named after iconic explorers together with Vasco da Gama, Christopher Colombus and Marco Polo
- Referring others to hitch CrossCurve means you’ll obtain a share of their factors, too
The native $EYWA token is but to launch, however a date for the token era occasion is about to be revealed quickly.
About EYWA
EYWA eliminates reliance on a single bridge by using a consensus of essentially the most dependable bridges in the marketplace. At the side of Curve, it has additionally created CrossCurve, which connects greater than $2 billion of liquidity from completely different blockchains right into a unified cross-chain market.
You may comply with EYWA on Twitter (X), Telegram, Discord, Medium and LinkedIn.
Disclaimer: The knowledge introduced on this article is a part of a sponsored/press launch/paid content material, meant solely for promotional functions. Readers are suggested to train warning and conduct their very own analysis earlier than taking any motion associated to the content material on this web page or the corporate. Coin Version just isn’t liable for any losses or damages incurred because of or in reference to the utilization of content material, merchandise, or companies talked about.
