EYWA Secures $7 Million to Revolutionize Cross-Chain Interoperability

EYWA, a groundbreaking cross-chain bridge, has secured $7 million in funding, led by Curve Finance founder Michael Egorov, Fenbushi Capital, and GBV Capital. EYWA's novel consensus bridge eliminates the reliance on single bridges, ensuring secure transactions across multiple protocols. In collaboration with Curve, EYWA has developed CrossCurve, a DEX that facilitates low-slippage cross-chain swaps supported by Curve's vast liquidity. Together, EYWA and Curve aim to enhance cross-chain interoperability, aiming to revolutionize the DeFi landscape and provide a comprehensive solution for traders.

EYWA Secures $7 Million in Funding, Ushering in the Age of Seamless Cross-Chain Interoperability

Paris, France - EYWA, a groundbreaking consensus bridge that empowers seamless transaction execution across multiple blockchain protocols, has successfully secured a funding allocation of $7 million, heralding the advent of an era marked by unparalleled interoperability in the Web3 ecosystem.

The investment endeavor was spearheaded by Michael Egorov, the visionary founder of Curve Finance. EYWA's allure has recently attracted the unwavering support of two additional backers: Fenbushi Capital and GBV Capital. These entities have joined forces with Big Brain Holdings, Marshland Capital, Mulana Capital, and other esteemed participants in the seed round.

EYWA and Curve Finance have embarked on a collaborative partnership to develop a bridge that epitomizes trustlessness, relying on a consensus mechanism meticulously drawn from the most dependable messaging protocols currently available. This strategic approach decisively eliminates the overreliance on a single bridge for the movement of substantial liquidity positions, addressing a critical bottleneck within the DeFi landscape.

"EYWA has conceived an exceptionally innovative solution that transcends the conventional notion of a bridge," asserts Egorov. "They ingeniously address the fragmentation of liquidity across chains by harmoniously combining Curve meta pools with the bridge itself. The prospect of a single liquidity pool seamlessly operating across multiple chains borders on the magical, and the presence of Curve AMMs at the core of this enchantment is a source of immense excitement."

At the heart of this endeavor to transform cross-chain transactions into reality lies CrossCurve, an innovative decentralized exchange (DEX) conceived through the collaborative efforts of EYWA and Curve.

CrossCurve facilitates cross-chain swaps of various asset types with minimal slippage, buoyed by Curve's deep liquidity reserves, which measure in billions of dollars. Moreover, it supports the seamless transfer of a diverse range of token types, encompassing stablecoins, liquidity provider tokens, and liquid staking tokens.

The ultimate objective of these initiatives is to reshape the DeFi landscape, making cross-chain transfers more intuitive and less cumbersome for users, while simultaneously creating a comprehensive platform for traders.

Major blockchains such as Ethereum, BSC, Polygon, Avalanche, Arbitrum, and Optimism are now integrated under one umbrella, with plans underway to expand support to additional networks.

Gaining Momentum

This recent funding infusion follows closely on the heels of EYWA's triumph at the Start In Block competition held during Paris Blockchain Week, where it emerged as the undisputed victor.

EYWA emerged victorious after facing fierce competition from over 800 promising Web3 startups, delivering a compelling pitch before hundreds of attendees on the main stage.

The project has now progressed to the next phase of the renowned television program "Meet The Drapers," where aspiring entrepreneurs engage in a spirited battle to secure $1 million in funding from billionaire investor Tim Draper and a panel of esteemed guest judges.

Additionally, the EYWA Adventure Quest is currently underway, providing participants with an opportunity to claim a share of 50 million $EYWA tokens.

Numerous avenues exist for involvement in this airdrop program.

• One point is earned for every dollar of trading volume generated through swaps on CrossCurve.
• Liquidity providers to CrossCurve pools can earn up to five points per day, in addition to 50% of the swap fees generated.
• Exclusive EYWA NFTs can be acquired by completing tasks on Galxe, which bear the names of iconic explorers such as Vasco da Gama, Christopher Columbus, and Marco Polo.
• Referring others to join CrossCurve entitles you to a share of their accumulated points.

The launch of the native $EYWA token is yet to occur, but the date of the token generation event is anticipated to be announced shortly.

About EYWA

EYWA eliminates reliance on a single bridge by utilizing a consensus mechanism drawn from the most reliable bridges in the market. In collaboration with Curve, it has also developed CrossCurve, which unifies over $2 billion of liquidity from diverse blockchains into a single, cohesive cross-chain marketplace.

Connect with EYWA on Twitter, Telegram, Discord, Medium, and LinkedIn.

Disclaimer:

The information disseminated in this press release does not constitute an offer to invest, nor is it intended as financial advice, investment advice, or trading advice. It is strongly recommended that you exercise due diligence, including consultation with a qualified financial advisor, before investing in or trading cryptocurrencies and securities.