Euclid launches layer to attach liquidity throughout Cosmos, Solana, and EVM chains

Posted on by pronewsblog.com
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Euclid Protocol has introduced in the present day its shared liquidity layer that connects Cosmos, Solana, and Ethereum Digital Machine-based ecosystems, powered by digital swimming pools created on Nibiru Chain. This effort is geared toward consolidating fragmented liquidity throughout the blockchain ecosystem.

“We’re excited to lastly reveal the Unified Liquidity Layer, Euclid’s reply to the consistently rising problem of fragmented liquidity,” stated Georges Chouchani, founder and CEO of Euclid. “Euclid lays the groundwork for the subsequent period of DeFi, aiming to supply customers with a chain-agnostic modular expertise. Its main objectives embrace making certain scalability and fostering an environment friendly market setting.”

The announcement factors out the fragmented liquidity skilled by the decentralized finance (DeFi) ecosystem. Regardless of displaying practically $136 billion in complete worth locked (TVL), these funds are scattered throughout DeFi.

Euclid’s Digital Liquidity Pool (VLP) mannequin addresses this by just about unifying liquidity with out the necessity to bodily transfer it, sustaining modularity and accessibility. The VLP permits for monitoring and seamless motion of liquidity throughout all built-in chains.

Furthermore, these swimming pools are created utilizing Nibiru Chain as a Digital Settlement Layer (Nibiru), making a single source-of-truth ledger. This ledger connects all built-in blockchains, providing low slippage and honest pricing ecosystem-wide by the LiquiSync mannequin, a framework that permits any chain or protocol to attach permissionlessly.

“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 recreation,” stated Distinctive Divine, Co-Founder and CEO of Nibiru Chain. “This setting permits tasks to synergize and scale collectively reasonably than simply compete. Such synergy fosters collective developments and aggressive edges that might surpass these of established DeFi giants.”

The reveal follows a profitable $600,000 pre-seed funding spherical with the participation of Lavender 5, Andromeda, Nibiru Chain, Kahuna Community, and angel investor Tomoaki Sato.

Final month, Euclid additionally secured a grant and liquidity backing to prime its swimming pools for future use. These funds are earmarked for the event of the undertaking’s structure, enterprise growth, audits, and advertising efforts.

Euclid’s roadmap consists of extending its liquidity layer to embody each EVM and non-EVM chains, leveraging protocols like IBC, CCTP, Axelar, and its personal messaging protocol. The framework might be supported by EUCL, the native governance income share token, permitting holders to stake, obtain protocol charges, take part in governance, and make the most of the protocol’s treasury.

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