Elite VCs Participate in EYWA Seed Fund Raised by Curve's Founder
- Billions in liquidity from major blockchains brought under one roof
- EYWA wins the Start In Block competition at Paris Blockchain Week
- Quest featuring airdrop of $EYWA token ongoing
Delivering the new age of Web3 interoperability, EYWA is a consensus bridge that protects transactions across different protocols. To date, it has raised a total of $7 million.
Michael Egorov, the creator of Curve Finance, has been spearheading the investment, and it recently gained support from Fenbushi Capital and GBV Capital. Along with Big Brain Holdings, Marshland Capital, Mulana Capital, and other investors, they participated in a seed round.
In order to remove reliance on a single bridge for transferring sizable liquidity positions, EYWA and Curve are collaborating to create a trustless bridge that depends on an agreement of the most dependable communications protocols currently in use.
According to Michael Egorov, EYWA creates a rather intriguing solution that goes beyond a standard bridge. They use their innovative abilities to combine Curve meta pools and the bridge itself to tackle the issue of liquidity dispersion between chains. It sounds magical to have a single liquidity pool that can operate across several chains, and it's fascinating to have Curve AMMs at the center of this enchantment."
The unique DEX known as CrossCurve, which was developed through a cooperation between Curve and EYWA, is at the center of this endeavor to bring cross-chain magic to reality.
Curve's deep liquidity, which amounts to billions of dollars, supports low-slippage cross-chain swaps of different asset kinds. CrossCurve facilitates the smooth transfer of a variety of token kinds, including liquid staking tokens, liquidity provider tokens, and stablecoins.
The overarching objectives are to redefine the DeFi environment, simplify and ease cross-chain transfers, and establish a single point of contact for traders.
With support for more, major blockchains including Ethereum, BSC, Polygon, Avalanche, Arbitrum, and Optimism are now housed under one roof.
gaining speed
The new financing was received shortly after EYWA emerged victorious in the Start In Block competition held during Paris Blockchain Week.
Over 800 Web3 businesses with great promise were defeated by EYWA, and they went on to pitch on the master stage in front of hundreds of conference participants.
The project is currently moving on to the next round of the well-known television program Meet The Drapers, in which prospective business owners compete for a chance to earn $1 million in investment from billionaire investor Tim Draper and a group of special guests.
In addition, the EYWA Adventure Quest is currently live, offering contestants the opportunity to win a portion of $50 million $EYWA.
There are several methods to participate in this airdrop.
In addition to earning up to five points per day, those that supply liquidity to CrossCurve pools also stand to get 50% of the exchange costs.
Completing activities on Galxe, which bear the names of famous explorers like Vasco da Gama, Christopher Columbus, and Marco Polo, also yields exclusive EYWA NFTs.
When you invite people to sign up for CrossCurve, you'll also get a portion of their points.
Although the native $EYWA coin has not yet launched, the token creation event's date is expected to be announced shortly.
Concerning EYWA
EYWA uses a consensus of the market's most dependable bridges to avoid dependence on a single bridge. Together with Curve, it has also developed CrossCurve, a cross-chain market that unites over $2 billion in liquidity from several blockchains.EYWA is available to follow on Medium, LinkedIn, Telegram, Discord, Twitter (X), and Medium.
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