DeFi
Euclid launches layer to connect liquidity between Cosmos, Solana and EVM chains
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Euclid Protocol today announced its shared liquidity layer that connects Cosmos, Solana, and Ethereum virtual machine-based ecosystems, powered by virtual pools created on the Nibiru chain. This effort aims to consolidate fragmented liquidity in the blockchain ecosystem.
“We are excited to finally unveil the Unified Liquidity Layer, Euclid’s answer to the ever-increasing challenge of liquidity fragmentation,” said Georges Chouchani, founder and CEO of Euclid. “Euclid lays the foundation for the next era of DeFi, aiming to provide users with a modular, chain-agnostic experience. Its main objectives are to ensure scalability and foster an efficient market environment.
The announcement highlights the fragmented liquidity experienced by the decentralized finance (DeFi) ecosystem. Despite boasting a total value locked (TVL) of nearly $136 billion, these funds are dispersed across DeFi.
Euclid’s Virtual Liquidity Pool (VLP) model solves this problem by virtually unifying liquidity without the need to physically move it, while maintaining modularity and accessibility. The VLP enables tracking and seamless movement of liquidity across all integrated chains.
Additionally, these pools are created using Nibiru Chain as a virtual settlement layer (Nibiru), creating a single source of truth ledger. This ledger connects all integrated blockchains, providing low slippage and fair pricing across the ecosystem via the LiquiSync model, a framework that allows any chain or protocol to connect without permission.
“Euclid’s modular, accessible and unified liquidity layer, powered by Nibiru Chain, transforms 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 create synergies and evolve together rather than simply compete. Such synergy fosters collective progress and competitive advantages that could surpass those of established DeFi giants.
The reveal follows a successful $600,000 pre-seed funding round led by Kahuna Network and angel investor Tomoaki Sato, with additional support from Lavender Five’s associate angels, Andromeda and Nibiru Chain.
Last month, Euclid also secured a grant and liquidity to prepare its pools for future use. These funds are intended for project architecture development, business development, audits and marketing efforts.
Euclid’s roadmap includes expanding its liquidity layer to encompass both EVM and non-EVM chains, leveraging protocols such as IBC, CCTP, Axelar and its own messaging protocol. The framework will be supported by EUCL, the native governance revenue sharing token, allowing holders to stake, receive protocol fees, participate in governance, and use protocol treasury.
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