Euclid Protocol has stepped out of the shadows to introduce a groundbreaking shared liquidity layer, powered by Nibiru Chain. With substantial support from a $600,000 pre-seed funding round and backing from Nibiru, Euclid is poised to address the ongoing challenge of fragmented liquidity in diverse blockchain ecosystems.
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Led by founder and CEO Georges Chouchani, Euclid’s Unified Liquidity Layer represents a paradigm shift, using the Virtual Liquidity Pool (VLP) model to virtually unify liquidity across chains. This innovative approach eliminates the need for cumbersome migration processes, ensuring scalability and efficiency while promoting a seamless market environment.
The recent pre-seed funding round, backed by technology investment firm Kahuna Network and angel investor Tomoaki Sato, underlines the industry’s confidence in Euclid’s vision. Furthermore, the participation of angels associated with Lavender Five, Andromeda, Nibiru Chain and others reflects a strong show of faith in Euclid’s mission.
The startup’s strategic partnership with Nibiru Chain is a testament to its commitment to driving innovation in the blockchain space. With a significant grant and liquidity support in hand, Euclid is well positioned to strengthen liquidity in its pools and advance its ambitious project.
“We are excited to unveil Euclid’s Unified Liquidity Layer, which addresses the pressing problem of fragmented liquidity in the blockchain ecosystem. Euclid aims to provide users with a chain-agnostic experience, ensuring scalability and efficiency while providing an open and to promote an inclusive market environment.”
Georges Chouchani, founder and CEO of Euclid
Euclid’s approach focuses on creating a single source of truth ledger through a virtual settlement layer on the Nibiru chain, enabling seamless connectivity between integrated blockchains. The LiquiSync model, a proprietary framework developed by Euclid, facilitates easy access for any chain or protocol, promotes decentralization and reduces single points of failure.
Unique Divine, co-founder and CEO of Nibiru Chain, praised Euclid’s initiative and highlighted its potential to foster collective progress within the DeFi space. Jonathan Chang, COO of Nibiru Chain, praised Euclid’s flexible development approach and expressed optimism about future collaborations between the two entities.
“Euclid’s modular, accessible and unified liquidity layer, powered by Nibiru Chain, transforms the zero-sum nature of DeFi into a positive-sum game,” said Unique Divine, co-founder and CEO of Nibiru Chain. “This environment allows projects to synergize and scale together rather than just compete. Such synergy fosters collective progress and competitive advantages that could surpass those of established DeFi giants.”
In the future, Euclid also plans to extend its unified liquidity layer beyond the Cosmos ecosystem to include both EVM and non-EVM chains, leveraging several existing protocols such as the Inter-Blockchain Communication Protocol (IBC ), CCTP, Axelar and Euclid’s proprietary messaging protocol. .
The Liquidity Layer framework will be supported by $EUCL, the native governance revenue share token that allows holders to stake it to receive income from protocol fees across the ecosystem, as well as participate in the governance and use the protocol’s treasury .
Initially, $EUCL holders will be able to vote on all incentives for certain pools, liquidity injections and pool creations, as well as control the level of protocol fees and how the treasury is used. After the initial growth and development phase, the owners will become solely responsible for financing future initiatives and will fully decide in which direction the project will evolve.
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About the Euclid Protocol
Euclid Protocol is a decentralized, unified cross-chain liquidity infrastructure, providing a modular and accessible solution for blockchain applications to seamlessly access liquidity.
About Nibiru chain
Nibiru Chain is a leading L1 blockchain and smart contract ecosystem focused on improving security and scalability. With a user-friendly approach, Nibiru wants to stimulate the mainstream adoption of Web3 technologies.