Euclid Protocol at this time introduced its shared liquidity layer connecting Cosmos, Solana and Ethereum Digital Machine-based ecosystems, powered by digital swimming pools created on Nibiru Chain. This effort is aimed toward consolidating the fragmented liquidity within the blockchain ecosystem.
“We’re excited to lastly unveil the Unified Liquidity Layer, Euclid’s reply to the ever-growing problem of fragmented liquidity,” mentioned Georges Chouchani, Founder and CEO of Euclid. “Euclid is laying the inspiration for the subsequent period of DeFi, with the aim of offering customers with a chain-agnostic modular expertise. Key targets embody guaranteeing scalability and selling an environment friendly market atmosphere.”
The announcement highlights the fragmented liquidity dealing with the decentralized finance (DeFi) ecosystem. Regardless of having practically $136 billion in whole worth locked (TVL), these funds are unfold throughout DeFi.
Euclid’s Digital Liquidity Pool (VLP) mannequin addresses this by just about unifying liquidity with out the necessity to bodily transfer it, whereas sustaining modularity and accessibility. The VLP allows the monitoring and seamless motion of liquidity throughout all built-in chains.
Moreover, these swimming pools are created utilizing Nibiru Chain as a digital settlement layer (Nibiru), making a single ledger with a single supply of fact. This ledger connects all built-in blockchains and offers low slippage and truthful pricing throughout the ecosystem by means of the LiquiSync mannequin, a framework that permits any chain or protocol to attach with out permission.
“Euclid’s modular, accessible and unified liquidity layer, powered by Nibiru Chain, transforms the zero-sum nature of DeFi right into a positive-sum recreation,” mentioned Distinctive Divine, co-founder and CEO of Nibiru Chain. “This atmosphere permits tasks to synergize and scale collectively reasonably than simply compete. Such synergy fosters collective progress and aggressive benefits that would surpass these of established DeFi giants.”
The disclosing follows a profitable $600,000 pre-seed funding spherical led by Kahuna Community and angel investor Tomoaki Sato, with further help from affiliate angels of Lavender 5, Andromeda and Nibiru Chain.
Final month, Euclid additionally secured a subsidy and liquidity help to organize its swimming pools for future use. These funds are supposed for the event of the undertaking structure, enterprise improvement, audits and advertising and marketing efforts.
Euclid’s roadmap consists of extending the liquidity layer to each EVM and non-EVM chains, utilizing protocols reminiscent of IBC, CCTP, Axelar and its personal messaging protocol. The framework can be backed by EUCL, the native governance income share token, which permits holders to stake, obtain protocol charges, take part in governance, and faucet into the protocol’s treasury.