Highway 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 ushers in a brand new period of Web3 interoperability.
The funding was led by Curve Finance founder Michael Egorov – the mission lately attracted two new backers: Fenbushi Capital and GBV Capital. They joined the seed spherical together with Massive Mind Holdings, Marshland Capital, Mulana Capital and others.
EYWA and Curve are working collectively to develop a trusted bridge based mostly on a consensus of probably the most dependable messaging protocols out there – eliminating reliance on a single bridge to maneuver massive liquidity positions.
Michael Egorov says: “EYWA is creating a really attention-grabbing answer – it's not simply your typical bridge. It solves the issue of liquidity fragmentation between chains by inventive composition of Curve meta swimming pools and an actual bridge. Having one liquidity pool working throughout a number of chains seems like magic, and it's thrilling to have Curve AMM on the coronary heart of that magic.”
On the coronary heart of this effort to make cross-chain magic a actuality is CrossCurve – an progressive DEX created by way of the partnership of EYWA and Curve.
It facilitates cross swaps of assorted asset varieties with low slippage, backed by Curve's deep billion greenback liquidity. CrossCurve helps the seamless switch of assorted sorts of tokens – from stablecoins to liquidity suppliers and liquid betting tokens.
The general aim is to reshape the DeFi panorama, make cross-chain transfers extra intuitive and fewer painful, and create a one-stop store for retailers.
Main blockchains together with Ethereum, BSC, Polygon, Avalanche, Arbitrum and Optimism are actually beneath one roof – with assist deliberate for extra.
Gaining momentum
The contemporary funding comes on the heels of EYWA's win within the Begin In Block competitors at Paris Blockchain Week — and within the first place.
EYWA fended off competitors from greater than 800 high-potential Web3 startups and offered in entrance of a whole lot of convention attendees on the principle stage.
The mission now advances to the subsequent spherical of the favored Meet The Drapers present, the place budding entrepreneurs will compete 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 contributors an opportunity to win a share of EYWA's $50 million.
There are a number of methods to affix this airdrop.
- You earn one level for each greenback of buying and selling quantity generated by way of swaps on CrossCurve
- Those that present liquidity to CrossCurve funds also can earn as much as 5 factors a day – in addition to 50% of swap charges
- Unique EYWA NFTs will also be earned by finishing duties on Galx, that are named after iconic explorers corresponding to Vasco da Gama, Christopher Colombus and Marco Polo.
- Referring others to affix CrossCurve means you'll additionally earn a share of their factors
The native $EYWA token has not been launched but, however the token era date will likely be revealed quickly.
About EYWA
EYWA eliminates reliance on a single bridge by utilizing a consensus of probably the most dependable bridges in the marketplace. Along with Curve, he additionally created CrossCurve, which mixes greater than $2 billion of liquidity from numerous blockchains right into a single cross-chain market.
You’ll be able to watch EYWA on TwitterTelegram, Discord, Medium and LinkedIn.
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