EYWA, a consensus bridge facilitating secured transactions across multiple protocols, has successfully raised a total of $7 million to usher in the new era of Web3 interoperability.
Headed by Curve Finance founder Michael Egorov, the funding round also saw participation from new investors Fenbushi Capital and GBV Capital, alongside existing backers like Big Brain Holdings, Marshland Capital, and Mulana Capital.
EYWA has collaborated with Curve to develop a decentralized bridge that leverages a consensus mechanism utilizing reliable messaging protocols. This unique approach eliminates the need for a single bridge for transferring large liquidity positions.
Michael Egorov commented, “EYWA offers a novel solution that goes beyond a typical bridge. By combining Curve meta pools and the bridge, they address the challenge of liquidity fragmentation between chains. The concept of a single liquidity pool operating across multiple chains is groundbreaking, and having Curve AMMs at the core of this innovation is truly exciting.”
At the core of this endeavor is CrossCurve, a DEX created through the partnership between EYWA and Curve, enabling low-slippage cross-chain swaps of various asset types supported by Curve’s substantial liquidity. This platform facilitates the seamless transfer of multiple token types, from stablecoins to liquidity provider and liquid staking tokens.
The ultimate objective is to reshape the DeFi landscape, streamline cross-chain transfers, and offer traders a comprehensive one-stop solution. Major blockchains like Ethereum, BSC, Polygon, Avalanche, Arbitrum, and Optimism are already integrated, with plans for further expansion.
Building momentum, EYWA recently won the Start In Block competition at Paris Blockchain Week, outperforming more than 800 Web3 startups and securing first place. Additionally, the project is advancing to the next round of Meet The Drapers, a popular show where entrepreneurs vie for a chance to win $1 million in funding from billionaire investor Tim Draper and a panel of guest judges.
Furthermore, the EYWA Adventure Quest is currently ongoing, presenting participants with an opportunity to earn a share of 50 million $EYWA through various engagement activities.
To stay updated with EYWA’s progress and developments, follow them on Twitter, Telegram, Discord, Medium, and LinkedIn. For further inquiries, contact Faraj Abutalibov, CBDO and co-founder of EYWA, at [email protected] or Michael Egorov at [email protected]
Disclaimer: The information provided in this press release does not constitute a solicitation for investment or financial advice. It is recommended to conduct due diligence and consult with a professional financial advisor before engaging in cryptocurrency and securities investment or trading.
