EYWA, a project solving fundamental DeFi infrastructure issues has backing from Michael Egorov (the founder of Curve Finance), TON Foundation, and top venture funds like Fenbushi and GBV Capital.
With over $8.5 million raised through private and public funding rounds, EYWA has already successfully rolled out the first of its two products aimed at radically changing the DeFi game: the CrossCurve DEX. In its first year of operation, CrossCurve attracted more than $21 million in TVL and facilitated $1.85 billion in trading volume, all while offering ultra-low slippage that rivals — and often outperforms — the largest market players with their billion-dollar TVLs. This is directly due to CrossCurve’s rethinking of how liquidity is generated in DeFi.
Liquidity fragmentation has long plagued DeFi, forcing projects to seed liquidity on multiple chains, driving up costs, and limiting efficiency. CrossCurve DEX, built on Curve’s battle-tested liquidity model, changes the game entirely by uniting liquidity into a single pool accessible across an ever-growing list of major blockchains.
This changes the rules for both projects and end users. For projects, liquidity costs are now a fraction of what they used to be. CrossCurve allows them to reach more chains instantly — without additional cost. It also gives them the ability to offer higher incentives to liquidity providers (attracting more LPs). Meanwhile, users get faster transactions, ultra-low slippage, and ease of accessing a newly listed project from many different chains.
Earlier this year, Units Blockchain’s native governance token, $UNIT0, became the first ever to get listed crosschain using CrossCurve. The team chose Arbitrum as the token’s base chain, capitalizing on Arbitrum’s advantages. At the same time, as soon as liquidity was seeded into the unified CrossCurve pool, $UNIT0 was tradable against assets on Unit Zero, Ethereum, Polygon, BSC, Arbitrum, Optimism, Avalanche, Base, Gnosis, Blast, and more chains. Previously, projects would have to create each of those crosschain pairs individually with expensive liquidity seeding and LP incentive expenses on each one. CrossCurve simplified all that into one listing and one liquidity pool. That’s the transformational power of EYWA’s products.
With over 3.5 million transactions processed on CrossCurve, a total value locked (TVL) of $21 million, and partnerships with powerhouses like TON Foundation and Sonic, EYWA is quickly becoming the go-to solution for DeFi’s most critical challenges.
Blockchain bridges have historically been a weak link in DeFi, often targeted by hackers. This slows down adoption and makes users reluctant to explore projects across chains. EYWA’s Consensus Bridge redefines security, eliminating single points of failure through an innovative multi-protocol consensus mechanism.
The Consensus Bridge solves bridge security by requiring consensus for each transaction from multiple messaging protocols, not just one. If even one protocol is compromised, the transaction halts, and funds return to the user. Users can decide how many protocols to include in the transaction.
EYWA is gearing up for its next major milestone: the listing of its $EYWA token. This token will govern the ecosystem, including CrossCurve DEX and the forthcoming Consensus Bridge, via the EYWA DAO.
The $EYWA token will debut on KuCoin, Gate.io, and MEXC on December 20, 2024. With its advanced products and industry-leading investors, EYWA is set to transform DeFi in significant ways.
