Curated News
By: NewsRamp Editorial Staff
May 02, 2024
EYWA Raises $7 Million to Reshape DeFi Landscape with Cross-Chain Bridge
TLDR
- EYWA has raised $7 million and is reshaping the DeFi landscape with CrossCurve, providing an advantage for traders.
- EYWA and Curve are developing a trustless bridge that relies on a consensus of messaging protocols for cross-chain swaps.
- EYWA's goal is to reshape the DeFi landscape, making cross-chain transfers more intuitive and creating a one-stop-shop for traders.
- EYWA won the Start In Block competition at Paris Blockchain Week and is advancing to the next round of Meet The Drapers.
Impact - Why it Matters
The development of EYWA's trustless bridge and collaboration with Curve Finance will make cross-chain transfers more seamless, impacting traders and the DeFi landscape. The investment and partnerships signal a new era of Web3 interoperability, which can potentially revolutionize the way assets are transferred across different blockchains, providing a one-stop-shop for traders.
Summary
EYWA, a consensus bridge securing transactions across multiple protocols, has raised $7 million led by Curve Finance founder Michael Egorov. The project recently attracted new backers Fenbushi Capital and GBV Capital. EYWA and Curve are collaborating to develop a trustless bridge relying on a consensus of reliable messaging protocols, aiming to reshape the DeFi landscape and make cross-chain transfers more intuitive.
Source Statement
This curated news summary relied on this press release disributed by BlockchainWire. Read the source press release here, EYWA Raises $7 Million to Reshape DeFi Landscape with Cross-Chain Bridge
