CrossCurve
Cross-chain protocol unifying DeFi liquidity markets.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
* | N/A | Seed | |
| Total Funding | 000k | ||
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CrossCurve is a decentralized finance (DeFi) protocol that addresses liquidity fragmentation across different blockchains by creating a unified cross-chain liquidity market. The company was founded in 2023 by Boris Povar (CEO), Faraj Abutalibov (CBDO), and Peter Tagunov. The project's origins trace back to an asset management fund's Blockchain Lab started by the founders in 2020 to explore solutions for transferring liquidity between emerging blockchain ecosystems. This research, along with a win at the EthGlobal MarketMake hackathon in 2021, led to the development and creation of CrossCurve.
The company's core product is the CrossCurve MetaLayer, an infrastructure that enables low-slippage cross-chain swaps and yield farming by aggregating liquidity from Curve Finance's pools. This allows users to perform swaps of various crypto assets across more than 21 EVM-compatible blockchains with minimal price impact and fees. The protocol's business model caters to both B2B clients, such as other DeFi protocols and Web3 projects, and retail users. For projects, CrossCurve offers a 'Cross-Chain Listing' service, enabling them to make their tokens available across multiple chains through a single liquidity pool, reducing costs and complexity. For liquidity providers, it offers yield-earning opportunities.
A key feature is the Consensus Bridge, designed for enhanced security. It uses multiple independent verification protocols like LayerZero and Wormhole, requiring consensus between them for a transaction to be validated, thus minimizing the risk of bridge hacks. The platform operates as a Decentralized Autonomous Organization (DAO), allowing token holders to participate in governance. CrossCurve has secured over $8.5 million in funding from investors including Michael Egorov (founder of Curve Finance), Kenetic Capital, Fenbushi Capital, and GBV Capital.
Keywords: cross-chain liquidity, DeFi protocol, yield farming, decentralized exchange, liquidity aggregation, blockchain interoperability, low-slippage swaps, Curve Finance, MetaLayer, Consensus Bridge, EVM chains, token swaps, liquidity pools, Web3, decentralized autonomous organization, Boris Povar, Faraj Abutalibov, Peter Tagunov, omnichain, asset transfer