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Funding
Euclid Protocol raises USD 600,000 in pre-seed funding
Decentralized Finance (DeFi)
May 10, 2024
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May 10, 2024

Euclid Protocol raises USD 600,000 in pre-seed funding

Funding

  • Euclid Protocol, a liquidity aggregation platform, has raised USD 600,000 in a pre-seed funding round led by Kahuna Network and Tomoaki Sato, with participation from other investors associated with Lavender Five, Andromeda, and Nibiru Chain, among others. Additionally, Euclid announced that it had received a grant and liquidity support for its pools.

  • The company plans to use the funding for business development, audits, marketing, and investment in further product development. Moreover, it plans to extend its platform to include EVM and non-EVM chains. 

  • Euclid Protocol offers an infrastructure layer built on top of the Cosmos blockchain network, which enables users to source liquidity from several blockchain networks, including Cosmos, Solana, and Ethereum. The solution leverages the Virtual Liquidity Pool (VLP) model to aggregate liquidity via virtual liquidity pools across integrated chains without requiring migration. Users can track and move liquidity across all integrated chains.

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