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 to allow a brand new period of Web3 interoperability.

The funding was led by Curve Finance founder Michael Egorov, and the undertaking not too long ago attracted two new backers: Fenbushi Capital and GBV Capital. They participated within the seed spherical alongside Huge Mind Holdings, Marshland Capital, Murana Capital and others.

EYWA and Curve are collaborating to develop a trustless bridge that depends on consensus of probably the most dependable messaging protocols accessible, eliminating reliance on a single bridge to maneuver giant liquidity positions ​​I’m doing it.

Michael Egorov mentioned: “EYWA is constructing a really attention-grabbing resolution. It's not only a typical bridge. They’re creatively configuring Curve meta swimming pools and precise bridges to handle the fragmentation of liquidity between chains. We clear up issues. Having one liquidity pool that works throughout a number of chains feels like magic, and it's thrilling to have Curve AMM on the core of this magic.”

On the coronary heart of this quest to make the magic of cross-chain a actuality is CrossCurve, an progressive DEX conceived by means of a partnership between EYWA and Curve.

This facilitates low-slippage cross-chain swaps for a wide range of asset sorts, backed by Curve's multi-billion greenback deep liquidity. CrossCurve helps seamless transfers of a number of sorts of tokens, from stablecoins to liquidity suppliers and liquid staking tokens.

The general objective is to reshape the DeFi atmosphere, making cross-chain transfers extra intuitive and fewer painful, and making a one-stop store for merchants.

Main blockchains similar to Ethereum, BSC, Polygon, Avalanche, Arbitrum, and Optimism are beneath one roof, with assist for extra blockchains deliberate.

enhance momentum

Contemporary funding has attracted consideration following EYWA's win within the Begin In Block competitors. paris blockchain week — and took first place.

EYWA competed in opposition to over 800 high-potential Web3 startups to talk in entrance of lots of of convention attendees on the Grasp Stage.

The undertaking is now progressing to the following spherical of the favored present “Meet the Drapers,” the place aspiring entrepreneurs will win $1 million from billionaire investor Tim Draper and visitor judges. We are going to combat to win the funds.

Moreover, EYWA Journey Quests are underway. Individuals will probably be given the possibility to win a share of his $50 million in EYWA.

There are a number of methods to take part on this airdrop.

• Earn 1 level for each greenback of buying and selling quantity generated by means of swaps on CrossCurve
• Those that present liquidity to CrossCurve swimming pools can earn as much as 5 factors and 50% of swap charges per day.
• Unique EYWA NFTs will also be earned by finishing Galxe duties named after iconic explorers similar to Vasco da Gama, Christopher Columbus, and Marco Polo.
• While you refer somebody to hitch CrossCurve, you additionally obtain a portion of their factors.

The native $EYWA token has not but been launched, however the date of the token era occasion will probably be revealed quickly.

About Eiwa

EYWA eliminates dependence on a single bridge by leveraging a consensus of probably the most dependable bridges available on the market. In collaboration with Curve, we additionally created CrossCurve, which connects over $2 billion of liquidity from varied blockchains right into a unified cross-chain market.

You’ll be able to observe EYWA. Twitter (X)Telegram, Discord, Medium, LinkedIn.