Euclid Protocol Unveils Groundbreaking Liquidity Layer on Nibiru Chain
Euclid Protocol has stepped out of the shadows to introduce a pioneering shared liquidity layer powered by Nibiru Chain. With substantial backing from a $600,000 pre-seed funding spherical and assist from Nibiru, Euclid is poised to deal with the persistent problem of fragmented liquidity throughout numerous blockchain ecosystems.
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Led by Founder and CEO Georges Chouchani, Euclid’s Unified Liquidity Layer represents a paradigm shift, leveraging the Digital Liquidity Pool (VLP) mannequin to unite liquidity just about throughout chains. This progressive method eliminates the necessity for cumbersome migration processes, guaranteeing scalability and effectivity whereas fostering a seamless market surroundings.
The latest pre-seed funding spherical, supported by tech funding agency Kahuna Community and angel investor Tomoaki Sato, underscores the business’s confidence in Euclid’s imaginative and prescient. Moreover, participation from angels related to Lavender 5, Andromeda, Nibiru Chain, and others displays a powerful vote of confidence in Euclid’s mission.
The startup’s strategic partnership with Nibiru Chain is a testomony to its dedication to driving innovation within the blockchain house. With a large grant and liquidity assist in hand, Euclid is well-positioned to bootstrap liquidity in its swimming pools and propel its formidable mission ahead.
“We’re excited to unveil Euclid’s Unified Liquidity Layer, which addresses the urgent situation of fragmented liquidity within the blockchain ecosystem. Euclid goals to offer customers with a chain-agnostic expertise, guaranteeing scalability and effectivity whereas fostering an open and inclusive market surroundings.”
Georges Chouchani, Founder & CEO of Euclid
Euclid’s method facilities on making a single source-of-truth ledger by way of a Digital Settlement Layer on Nibiru Chain, enabling seamless connectivity throughout built-in blockchains. The LiquiSync mannequin, a proprietary framework developed by Euclid, facilitates easy accessibility for any chain or protocol, selling decentralization and decreasing single factors of failure.
Distinctive Divine, Co-Founder and CEO of Nibiru Chain, praised Euclid’s initiative, emphasizing its potential to foster collective developments inside the DeFi house. Jonathan Chang, COO of Nibiru Chain, recommended Euclid’s agile growth method and expressed optimism about future collaborations between the 2 entities.
“Euclid’s modular, accessible, and unified liquidity layer, powered by Nibiru Chain, is reworking the zero-sum nature of DeFi right into a positive-sum sport,” stated Distinctive Divine, Co-Founder and CEO of Nibiru Chain. “This surroundings permits tasks to synergize and scale collectively somewhat than simply compete. Such synergy fosters collective developments and aggressive edges that might surpass these of established DeFi giants.”
Going ahead, Euclid additionally plans to increase its unified liquidity layer past the Cosmos ecosystem to incorporate each EVM and non-EVM chains, leveraging totally different present protocols just like the Inter-Blockchain Communication Protocol (IBC), CCTP, Axelar, and Euclid’s personal messaging protocol.
The Liquidity Layer framework will likely be underpinned by $EUCL, the native governance income share token which permits holders to stake it to obtain income from protocol charges throughout your complete ecosystem in addition to to take part in governance and make the most of the protocol’s treasury.
Initially, $EUCL holders will have the ability to vote on all incentives to sure swimming pools, liquidity infusions, and pool creations, in addition to management the scale of protocol charges and the way the treasury is used. Following the preliminary development and growth section, holders will turn out to be solely liable for funding future initiatives and can totally resolve the route during which the mission will evolve.
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About Euclid Protocol
Euclid Protocol is a decentralized unified cross-chain liquidity infrastructure, providing a modular and accessible answer for blockchain functions to entry liquidity seamlessly.
About Nibiru Chain
Nibiru Chain is a number one L1 blockchain and good contract ecosystem targeted on enhancing safety and scalability. With a user-friendly method, Nibiru goals to drive mainstream adoption of Web3 applied sciences.
