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Cryptocurrency News Articles
EYWA Secures $7M to Bridge the Web3 Liquidity Divide
May 03, 2024 at 01:03 am
EYWA, a consensus bridge enhancing Web3 interoperability, has secured $7 million in funding led by Curve Finance founder Michael Egorov. This investment supports the development of CrossCurve, a DEX enabling low-slippage cross-chain swaps. EYWA aims to unify liquidity, simplify cross-chain transfers, and facilitate seamless asset movement across multiple blockchains like Ethereum, BSC, and Avalanche. The project's success at Paris Blockchain Week and ongoing EYWA Adventure Quest with airdrop incentives further highlights its momentum and community engagement.
EYWA Secures $7 Million Funding to Revolutionize Web3 Interoperability
Road Town, British Virgin Islands, May 2, 2024 – EYWA, the consensus bridge that seamlessly interconnects liquidity across multiple blockchain protocols, has garnered a hefty $7 million investment to empower the dawn of Web3 interoperability.
Investment Led by Industry Luminaries
The funding round was spearheaded by Michael Egorov, the founder of Curve Finance. EYWA's innovative approach has also attracted the support of Fenbushi Capital and GBV Capital, joining a prestigious roster of seed investors including Big Brain Holdings, Marshland Capital, and Mulana Capital.
Eliminating Liquidity Fragmentation
EYWA's partnership with Curve has resulted in the development of CrossCurve, an innovative decentralized exchange (DEX) that shatters liquidity barriers between blockchains. CrossCurve leverages Curve's deep liquidity pools, exceeding billions of dollars, to facilitate cross-chain swaps of various asset types with minimal slippage.
Unveiling Cross-Chain Magic
This partnership marks a transformative shift in the DeFi landscape, enabling seamless cross-chain transfers of stablecoins, liquidity provider tokens, and liquid staking tokens. Users can now trade seamlessly across major blockchains, including Ethereum, BSC, Polygon, Avalanche, Arbitrum, and Optimism, with support for additional chains on the horizon.
Gaining Momentum
EYWA's exceptional potential was recently recognized as it emerged victorious in the fiercely competitive Start In Block competition at Paris Blockchain Week. Surpassing over 800 Web3 startups, EYWA captivated hundreds of conference attendees with its groundbreaking vision.
Adventurous Airdrop Underway
The EYWA Adventure Quest is in full swing, offering participants an opportunity to share in a massive airdrop of 50 million EYWA tokens. Participants can earn points by engaging in various activities, including:
- Trading on CrossCurve
- Providing liquidity to CrossCurve pools
- Completing tasks on Galxe
- Referring others to CrossCurve
EYWA Token Launch on the Horizon
While the native EYWA token has yet to launch, a token generation event is anticipated in the near future, providing an unprecedented opportunity for investors and users alike.
About EYWA
EYWA's groundbreaking approach to consensus bridging eliminates reliance on a single bridge, utilizing the most reliable bridges on the market. Its partnership with Curve has given birth to CrossCurve, a unified cross-chain market that connects over $2 billion of liquidity from various blockchains.
Connect with EYWA on Twitter, Telegram, Discord, Medium, and LinkedIn to stay abreast of the latest developments and join the journey towards seamless Web3 interoperability.
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