Euclid Protocol has stepped out of the shadows to introduce a pioneering shared liquidity layer powered by Nibiru Chain. With great backing from a $600,000 pre-seed funding spherical and toughen from Nibiru, Euclid is poised to address the chronic anxiety of fragmented liquidity across various blockchain ecosystems.
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Led by Founder and CEO Georges Chouchani, Euclid’s Unified Liquidity Layer represents a paradigm shift, leveraging the Virtual Liquidity Pool (VLP) mannequin to unite liquidity in terms of across chains. This modern reach eliminates the need for cumbersome migration processes, ensuring scalability and efficiency whereas fostering a seamless market atmosphere.
Primarily the most modern pre-seed funding spherical, supported by tech funding company Kahuna Network and angel investor Tomoaki Sato, underscores the enterprise’s self perception in Euclid’s imaginative and prescient. Additionally, participation from angels linked with Lavender Five, Andromeda, Nibiru Chain, and others reflects a genuine vote of self perception in Euclid’s mission.
The startup’s strategic partnership with Nibiru Chain is a testament to its commitment to riding innovation within the blockchain home. With a sizable grant and liquidity toughen in hand, Euclid is smartly-positioned to bootstrap liquidity in its pools and propel its bold challenge forward.
“We’re excited to unveil Euclid’s Unified Liquidity Layer, which addresses the pressing narrate of fragmented liquidity within the blockchain ecosystem. Euclid targets to make users with a sequence-agnostic expertise, ensuring scalability and efficiency whereas fostering an birth and inclusive market atmosphere.”
Georges Chouchani, Founder & CEO of Euclid
Euclid’s reach centers on creating a single offer-of-truth ledger thru a Virtual Settlement Layer on Nibiru Chain, enabling seamless connectivity across integrated blockchains. The LiquiSync mannequin, a proprietary framework developed by Euclid, facilitates straightforward access for any chain or protocol, promoting decentralization and reducing single functions of failure.
Weird and wonderful Divine, Co-Founder and CEO of Nibiru Chain, praised Euclid’s initiative, emphasizing its attainable to foster collective traits at some stage within the DeFi home. Jonathan Chang, COO of Nibiru Chain, commended Euclid’s agile express reach and expressed optimism about future collaborations between the two entities.
“Euclid’s modular, accessible, and unified liquidity layer, powered by Nibiru Chain, is remodeling the zero-sum nature of DeFi into a obvious-sum sport,” talked about Weird and wonderful Divine, Co-Founder and CEO of Nibiru Chain. “This atmosphere permits projects to synergize and scale together pretty than correct compete. Such synergy fosters collective traits and aggressive edges that can presumably maybe well also surpass those of established DeFi giants.”
Going forward, Euclid also plans to lengthen its unified liquidity layer previous the Cosmos ecosystem to encompass every EVM and non-EVM chains, leveraging diversified fresh protocols esteem the Inter-Blockchain Communique Protocol (IBC), CCTP, Axelar, and Euclid’s hang messaging protocol.
The Liquidity Layer framework will be underpinned by $EUCL, the native governance earnings share token which permits holders to stake it to procure earnings from protocol payments across the full ecosystem as smartly as to take part in governance and exhaust the protocol’s treasury.
On the foundation, $EUCL holders will be in a pronounce to vote on all incentives to certain pools, liquidity infusions, and pool creations, as smartly as sustain an eye on the scale of protocol payments and how the treasury is outdated faculty. Following the initial express and express segment, holders will become completely to blame for funding future initiatives and must aloof fully think the route by which the challenge will evolve.
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About Euclid Protocol
Euclid Protocol is a decentralized unified unsuitable-chain liquidity infrastructure, providing a modular and accessible answer for blockchain capabilities to access liquidity seamlessly.
About Nibiru Chain
Nibiru Chain is a main L1 blockchain and tidy contract ecosystem centered on enhancing security and scalability. With a user-pleasant reach, Nibiru targets to pressure mainstream adoption of Web3 technologies.
