In a rare feat for a blockchain project, CrossCurve won the season finale of Meet the Drapers, along with a $1 million investment from legendary investor, Tim Draper, famous for backing the likes of Skype, Twitter, Coinbase, Ring, and many other unicorns. Draper’s support brings mainstream spotlight to DeFi and to CrossCurve’s innovations in the blockchain space.
CrossCurve is backed by co-lead investors, Michael Egorov of Curve Finance and Kinetic Fund (which has backed DeFi blue chips since 2016). Both co-founders of 1inch are onboard as strategic investors. Major VCs supporting CrossCurve include Fenbushi, and GBV Capital. All in all, CrossCurve has raised over $8.5 million, not counting this latest from Tim Draper.
The overarching problem that the project is trying to solve is the lack of security and efficiency in liquidity management and movement in DeFi. Its breakthrough revolves largely around the CrossCurve MetaLayer — a decentralized and unified infrastructure for cross-chain liquidity and incentives, powered by the Curve AMM. It enables cost-effective swaps, yield generation, and access to deep DeFi liquidity, secured by the Consensus Bridge.
To implement the CrossCurve Metalayer, they’ve partnered with Sonic, Supra Oracles, and other projects connecting DeFi infrastructure in a way that makes the movement of assets more liquid and secure. In fact, by moving its Hubchain to Sonic, CrossCurve has made major steps towards implementing a router of routers, bringing together liquidity and its incentives from dozens of chains into a simple, efficient, and secure hub.
Learn more about CrossCurve at https://crosscurve.fi.