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Euclid Protocol Unveils Groundbreaking Liquidity Layer on Nibiru Chain

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Euclid Protocol has stepped out of the shadows to introduce a pioneering shared liquidity layer powered by Nibiru Chain. With substantial backing from a $600,000 pre-seed funding spherical and assist from Nibiru, Euclid is poised to deal with the persistent problem of fragmented liquidity throughout various blockchain ecosystems.

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Led by Founder and CEO Georges Chouchani, Euclid’s Unified Liquidity Layer represents a paradigm shift, leveraging the Digital Liquidity Pool (VLP) mannequin to unite liquidity just about throughout chains. This modern strategy eliminates the necessity for cumbersome migration processes, guaranteeing scalability and effectivity whereas fostering a seamless market setting.

The current pre-seed funding spherical, supported by tech funding agency Kahuna Community and angel investor Tomoaki Sato, underscores the trade’s confidence in Euclid’s imaginative and prescient. Moreover, participation from angels related to Lavender 5, Andromeda, Nibiru Chain, and others displays a powerful vote of confidence in Euclid’s mission.

The startup’s strategic partnership with Nibiru Chain is a testomony to its dedication to driving innovation within the blockchain house. With a large grant and liquidity assist in hand, Euclid is well-positioned to bootstrap liquidity in its swimming pools and propel its bold mission ahead.
“We’re excited to unveil Euclid’s Unified Liquidity Layer, which addresses the urgent problem of fragmented liquidity within the blockchain ecosystem. Euclid goals to supply customers with a chain-agnostic expertise, guaranteeing scalability and effectivity whereas fostering an open and inclusive market setting.”

Georges Chouchani, Founder & CEO of Euclid
Euclid’s strategy facilities on making a single source-of-truth ledger by way of a Digital Settlement Layer on Nibiru Chain, enabling seamless connectivity throughout built-in blockchains. The LiquiSync mannequin, a proprietary framework developed by Euclid, facilitates easy accessibility for any chain or protocol, selling decentralization and lowering single factors of failure.

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Distinctive Divine, Co-Founder and CEO of Nibiru Chain, praised Euclid’s initiative, emphasizing its potential to foster collective developments throughout the DeFi house. Jonathan Chang, COO of Nibiru Chain, recommended Euclid’s agile growth strategy and expressed optimism about future collaborations between the 2 entities.

“Euclid’s modular, accessible, and unified liquidity layer, powered by Nibiru Chain, is remodeling the zero-sum nature of DeFi right into a positive-sum recreation,” mentioned Distinctive Divine, Co-Founder and CEO of Nibiru Chain. “This setting permits tasks to synergize and scale collectively moderately than simply compete. Such synergy fosters collective developments and aggressive edges that might surpass these of established DeFi giants.โ€

Going ahead, Euclid additionally plans to increase its unified liquidity layer past the Cosmos ecosystem to incorporate each EVM and non-EVM chains, leveraging totally different current protocols just like the Inter-Blockchain Communication Protocol (IBC), CCTP, Axelar, and Euclidโ€™s personal messaging protocol.

The Liquidity Layer framework will likely be underpinned by $EUCL, the native governance income share token which permits holders to stake it to obtain income from protocol charges throughout all the ecosystem in addition to to take part in governance and make the most of the protocol’s treasury.

Initially, $EUCL holders will have the ability to vote on all incentives to sure swimming pools, liquidity infusions, and pool creations, in addition to management the scale of protocol charges and the way the treasury is used. Following the preliminary development and growth part, holders will grow to be solely accountable for funding future initiatives and can totally resolve the course through which the mission will evolve.

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About Euclid Protocol

Euclid Protocol is a decentralized unified cross-chain liquidity infrastructure, providing a modular and accessible answer for blockchain functions to entry liquidity seamlessly.

About Nibiru Chain

Nibiru Chain is a number one L1 blockchain and good contract ecosystem centered on enhancing safety and scalability. With a user-friendly strategy, Nibiru goals to drive mainstream adoption of Web3 applied sciences.

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