Euclid Protocol Unveils Groundbreaking Liquidity Layer on Nibiru Chain

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 round and support from Nibiru, Euclid is poised to address the persistent challenge of fragmented liquidity across diverse blockchain ecosystems.

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Led by Founder and CEO Georges Chouchani, Euclid's Unified Liquidity Layer represents a paradigm shift, leveraging the Virtual Liquidity Pool (VLP) model to unite liquidity virtually across chains. This innovative approach eliminates the need for cumbersome migration processes, ensuring scalability and efficiency while fostering a seamless market environment.

The recent pre-seed funding round, supported by tech investment firm Kahuna Network and angel investor Tomoaki Sato, underscores the industry's confidence in Euclid's vision. Additionally, participation from angels associated with Lavender Five, Andromeda, Nibiru Chain, and others reflects a strong vote of confidence 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 sizable grant and liquidity support in hand, Euclid is well-positioned to bootstrap liquidity in its pools and propel its ambitious project forward.
"We are excited to unveil Euclid's Unified Liquidity Layer, which addresses the pressing issue of fragmented liquidity in the blockchain ecosystem. Euclid aims to provide users with a chain-agnostic experience, ensuring scalability and efficiency while fostering an open and inclusive market environment."

Georges Chouchani, Founder & CEO of Euclid
Euclid's approach centers on creating a single source-of-truth ledger through a Virtual Settlement Layer on Nibiru Chain, enabling seamless connectivity across integrated blockchains. The LiquiSync model, a proprietary framework developed by Euclid, facilitates easy access for any chain or protocol, promoting decentralization and reducing single points of failure.

Unique Divine, Co-Founder and CEO of Nibiru Chain, praised Euclid's initiative, emphasizing its potential to foster collective advancements within the DeFi space. Jonathan Chang, COO of Nibiru Chain, commended Euclid's agile development approach and expressed optimism about future collaborations between the two entities.

"Euclid's modular, accessible, and unified liquidity layer, powered by Nibiru Chain, is transforming 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 advancements and competitive edges that could surpass those of established DeFi giants.”

Going forward, Euclid also plans to extend its unified liquidity layer beyond the Cosmos ecosystem to include both EVM and non-EVM chains, leveraging different existing protocols like the Inter-Blockchain Communication Protocol (IBC), CCTP, Axelar, and Euclid’s own messaging protocol.

The Liquidity Layer framework will be underpinned by $EUCL, the native governance revenue share token which allows holders to stake it to receive revenue from protocol fees across the entire ecosystem as well as to participate in governance and utilize the protocol's treasury.

Initially, $EUCL holders will be able to vote on all incentives to certain pools, liquidity infusions, and pool creations, as well as control the size of protocol fees and how the treasury is used. Following the initial growth and development phase, holders will become solely responsible for funding future initiatives and will fully decide the direction in which the project will evolve.

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About Euclid Protocol

Euclid Protocol is a decentralized unified cross-chain liquidity infrastructure, offering a modular and accessible solution for blockchain applications to access liquidity seamlessly.

About Nibiru Chain

Nibiru Chain is a leading L1 blockchain and smart contract ecosystem focused on enhancing security and scalability. With a user-friendly approach, Nibiru aims to drive mainstream adoption of Web3 technologies.