Prime VCs Be a part of EYWA’s Seed Spherical Led by Curve’s Founder

Highway City, British Virgin Islands — Might 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 mission just lately attracting two new backers: Fenbushi Capital and GBV Capital. They joined a seed spherical alongside Huge 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 out there — eliminating dependence on a single bridge for transferring giant liquidity positions.

Michael Egorov says: “EYWA builds a really attention-grabbing resolution — it’s not simply your typical bridge. They resolve 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 appears 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 via 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 aim 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 underneath one roof — with assist deliberate for extra.

Gaining momentum 

The contemporary funding comes sizzling 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 tons of of convention attendees on the grasp stage.

The mission 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 contributors 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 via swaps on CrossCurve
• Those that present liquidity to CrossCurve swimming pools may also 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 affix 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 ready 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 possibly can comply with EYWA on Twitter (X), Telegram, Discord, Medium and LinkedIn.