Euclid Protocol has introduced as we speak 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 continually rising problem of fragmented liquidity,” mentioned Georges Chouchani, founder and CEO of Euclid. “Euclid lays the groundwork for the subsequent period of DeFi, aiming to offer customers with a chain-agnostic modular expertise. Its major targets 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 almost $136 billion in whole 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 allows any chain or protocol to attach permissionlessly.
“Euclid’s modular, accessible, and unified liquidity layer, powered by Nibiru Chain, is remodeling the zero-sum nature of DeFi right into a positive-sum sport,” mentioned Distinctive Divine, Co-Founder and CEO of Nibiru Chain. “This setting permits initiatives to synergize and scale collectively slightly than simply compete. Such synergy fosters collective developments and aggressive edges that would surpass these of established DeFi giants.”
The reveal follows a profitable $600,000 pre-seed funding spherical led by Kahuna Community and angel investor Tomoaki Sato, with extra assist from related angels of Lavender 5, Andromeda, and Nibiru Chain.
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 venture’s structure, enterprise growth, audits, and advertising and marketing 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 will likely 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.
