Euclid Finance
Decentralized cross-chain liquidity infrastructure that any application across the blockchain can tap source of liquidity.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $600k | Seed | |
| Total Funding | 000k | ||
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Euclid Protocol is a decentralized finance (DeFi) infrastructure company addressing the critical issue of liquidity fragmentation across the blockchain ecosystem. Founded by Georges Chouchani, the company is developing a unified liquidity layer that allows decentralized applications (dApps) to access a single, shared pool of liquidity from various blockchains, including Cosmos, Solana, and EVM-based networks. This approach aims to eliminate the inefficiencies and high costs associated with traditional cross-chain bridges.
The company's core technology, the Euclid Messaging Protocol (EMP), facilitates communication between smart contracts across different chains. Built on the Inter-Blockchain Communication Protocol (IBC), the EMP extends its capabilities to support non-IBC chains like Ethereum and Solana, enabling seamless cross-chain operations without the need for token bridging or wrapping. This infrastructure is designed to provide developers with easy integration through APIs or smart contracts, allowing them to focus on application development rather than liquidity sourcing. For end-users, this translates to a smoother trading experience with reduced slippage, tighter spreads, and the ability to execute cross-chain swaps without leaving the Euclid ecosystem.
In May 2024, Euclid Protocol secured $600,000 in a pre-seed funding round. The round was supported by tech investment firm Kahuna Network, angel investor Tomoaki Sato, and other investors associated with Lavender Five, Andromeda, and Nibiru Chain. The capital is allocated towards architectural development, business expansion, security audits, and marketing efforts. The protocol is underpinned by its native governance and revenue-sharing token, $EUCL, which allows holders to stake for a share of protocol fees and participate in governance decisions. An incentivized testnet went live to allow users to interact with the platform and potentially earn rewards, signaling progress toward a mainnet launch.
Keywords: decentralized finance, DeFi, cross-chain liquidity, liquidity layer, Euclid Messaging Protocol, EMP, Inter-Blockchain Communication, IBC, Georges Chouchani, dApps, EVM, Cosmos, Solana, virtual liquidity pool, Nibiru Chain, token swap, blockchain infrastructure, Kahuna Network, crypto, web3