CrossCurve (@eywaprotocol) received a $1 million investment from renowned investor Tim Draper.
Tim Draper had previously invested in successful ventures such as Skype, Twitter, Coinbase, and Ring.
CrossCurve is backed by Michael Egorov, the founder of Curve Finance, and the co-founders of 1inch. Additionally, prominent investment firms like Kinetic Fund, Fenbushi, and GBV Capital are contributing to the project. Excluding Tim Draper's investment, CrossCurve has raised over $8.5 million in total funding.
The project aims to address liquidity management and security issues within the DeFi ecosystem. Through its infrastructure called CrossCurve MetaLayer, it seeks to merge liquidity and incentives across different blockchains, offering a more secure and efficient DeFi experience. This structure is supported by Curve AMM and Consensus Bridge technologies.
CrossCurve plans to collaborate with Sonic, Supra Oracles, and other projects to make DeFi infrastructure more integrated and secure. Specifically, by transitioning to Sonic, it aims to create a system that consolidates liquidity from different chains into a single hub.
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