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EYWA, a consensus bridge that secures transactions across multiple protocols, has raised a total of $7 million as it delivers the new era of Web3 interoperability.
The investment has been led by Curve Finance founder Michael Egorov — with the project recently attracting two new backers: Fenbushi Capital and GBV Capital. They joined a seed round alongside Big Brain Holdings, Marshland Capital, Mulana Capital and others.
EYWA and Curve are working together to develop a trustless bridge that relies on a consensus of the most reliable messaging protocols available — eliminating dependence on a single bridge for moving large liquidity positions.
Michael Egorov says: "EYWA builds a very interesting solution — it’s not just your typical bridge. They solve the problem of liquidity fragmentation between chains by creatively composing Curve meta pools and the actual bridge. Having one liquidity pool working across multiple chains sounds like magic, and it is exciting to have Curve AMMs in the core of this magic."
At the heart of this quest to make cross-chain magic a reality is CrossCurve — an innovative DEX conceived through EYWA and Curve's partnership.
It facilitates low-slippage cross-chain swaps of various asset types, supported by Curve’s deep liquidity in the billions of dollars. CrossCurve supports the seamless transfer of multiple token types — from stablecoins to liquidity provider and liquid staking tokens.
The overall goal is to reshape the DeFi landscape, make cross-chain transfers more intuitive and less painful, and create a one-stop-shop for traders.
Major blockchains including Ethereum, BSC, Polygon, Avalanche, Arbitrum and Optimism are now under one roof — with support planned for more.
Gaining momentum
The fresh funding comes hot on the heels of EYWA winning the Start In Block competition at Paris Blockchain Week — and coming in first place.
EYWA saw off competition from more than 800 Web3 startups with high potential, and pitched in front of hundreds of conference attendees on the master stage.
The project is now advancing to the next round of the popular show Meet The Drapers, where aspiring entrepreneurs battle it out to win $1 million in funding from billionaire investor Tim Draper and a panel of guest judges.
About EYWA
EYWA eliminates reliance on a single bridge by utilizing a consensus of the most reliable bridges on the market. In conjunction with Curve, it has also created CrossCurve, which connects more than $2 billion of liquidity from different blockchains into a unified cross-chain market.
You can follow EYWA on Twitter (X), Telegram, Discord, Medium and LinkedIn.
Contact Info:
Name: EYWA
Email: Send Email
Organization: EYWA
Website: https://eywa.fi
Release ID: 89129064
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