May 2, 2024
EYWA, a groundbreaking project in the Web3 interoperability space, has recently raised $7 million in seed funding, led by Curve Finance founder Michael Egorov. This investment round also saw participation from notable investors such as Fenbushi Capital and GBV Capital, highlighting the growing interest in EYWA’s innovative cross-chain solutions.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
EYWA | May 2, 2024 | $7M | Seed | $12.2M | Michael Egorov | Web3 |
EYWA is a decentralized protocol that aims to revolutionize the DeFi landscape by eliminating reliance on single bridges and creating a more connected blockchain ecosystem. The company’s flagship product, CrossCurve, a DEX developed in partnership with Curve, is designed to facilitate low-slippage cross-chain swaps using deep liquidity pools.
The $7 million seed funding will be instrumental in advancing EYWA’s technology, particularly the CrossCurve platform, which integrates over $2 billion in liquidity from various blockchains. This integration supports seamless transfers of multiple token types, including stablecoins and liquidity provider tokens.
Enhanced cross-chain transactions simplify the process of transfers across different blockchains, making it more intuitive and efficient for users. This improvement aims to streamline the user experience and facilitate smoother transactions between various blockchain networks.
Unified liquidity pools aggregate liquidity from different blockchains, reducing slippage and enhancing trade execution. This approach ensures better price stability and more efficient trading, benefiting users by providing a more seamless and effective trading environment.
With its innovative approach to decentralized finance, EYWA is poised to reshape how liquidity is accessed and transferred across the blockchain space. The project’s success in recent competitions, like the Start In Block at Paris Blockchain Week, and its continued progression in entrepreneurial shows like Meet The Drapers, underline its potential and industry support.
About EYWA
EYWA is a leading developer of decentralized cross-chain liquidity and data protocols, aiming to make blockchain interoperability seamless and accessible. Its partnership with Curve and the development of the CrossCurve DEX are central to its strategy to bridge the gap between different blockchain networks.
Website: https://eywa.fi/
X Account: @eywaprotocol
X Followers today: 72,100
X Followers 30 days ago: 76,096
X Follower change: -3,996 (-5.2%)
About Investor
Investor: Michael Egorov, Fenbushi Capital, GBV Capital, and other strategic partners
Description: Their backing emphasizes confidence in EYWA’s innovative approach to enhancing blockchain connectivity.
Location: United States
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