Industry heavyweights continue backing EYWA, with both co-founders of 1inch joining as investors in its strategic funding round. EYWA also added a new co-lead investor: Kenetic Fund, which has backed most of the DeFi blue chips since 2016.
EYWA is already backed by DeFi infrastructure leaders like the founder of Curve Finance, Michael Egorov, as well as top venture capital funds that include Fenbushi, GBV Capital, and Kenetic. Already, EYWA has raised over $8.5 million in investments on the way to solving some of the biggest problems in DeFi, such as liquidity fragmentation.
The $EYWA token is already trading on Kucoin, Gate, and MEXC. It is the governance token of the EYWA DAO.
EYWA is also securing strong strategic partnerships with the likes of the TON Foundation (which gave EYWA a $500,000 grant) and Sonic (prev. Fantom), in whose Sonic Boom EYWA was one of the top 30 projects.
The reason EYWA is making such waves and attracting such partnerships is its first product — CrossCurve DEX. Using Curve’s liquidity model as the basis, CrossCurve unifies into a single pool liquidity from multiple blockchains, completely eliminating the need to seed liquidity into dozens of blockchains along with the expenses that entails. Instead, projects can focus their funds on a single liquidity pool and provide higher incentives to liquidity providers. This has an effect on end users as well, giving them faster trades at minimal slippage.
While CrossCurve is a new project, it is out-competing some of the largest players in the market with over $21 million in TVL, $2 billion in trading volume, and more than 3,5 million transactions in just its first year of operations.
The $EYWA token is governing EYWA DAO and all its products, starting with CrossCurve.
The evergrowing number of chains and the costs of seeding and attracting liquidity in each have severely limited the growth and adoption of DeFi. EYWA is changing that game with the consolidated liquidity crosschain pools of CrossCurve DEX.
Its next product is set to solve the issue of bridge security. Attracting these top investors and ecosystem partners, EYWA is opening up the governance of its powerful DeFi tools to the public so even more people can have a say in making DeFi more effective, more secure, and more connected.