What has your experience at Token2049 been like, and why is this event significant for Euclid Protocol?
Token2049 has been more than amazing, with accurate audience focusing on building the future of decentralised finance. The event allows our team to meet partners, investors and friends in the industry, catch up and discuss the next steps for Euclid. It also allows us to explore new trends and applications being built in the industry to understand where the market is heading.
In basic terms, what does the Euclid Protocol represent and what is the necessity for a liquidity consensus layer in the space
Euclid Protocol allows over 50+ networks to tap into liquidity that exists anywhere, whether on a network or a centralized exchange instantly. This means applications can stop thinking about bootstrapping liquidity and scale into liquidity and users that exist anywhere instantly.
With more than 100+ networks today, the user experience is worse than ever and there is not enough liquidity to support all the demand from these networks. Liquidity ends up parked not being utilized on a random network; with Euclid we give this liquidity a new life to unlock beyond a border and be accessed from anywhere.
Your testnet has experienced millions of transactions and boasts a sizable community of more than 500,000 users. What do these figures indicate regarding the need for cross-chain liquidity
It shows how much users crave for an alternative solution to bridging and the demand for one click solution for cross-chain transfer of assets. In a short period of time, we amassed an organic community willing to help test the product and use it in testing stage to make it ready for production. On different testnets, Euclid is actually one of the most used protocols for swaps and acquiring assets.
This is exciting as we move our infrastructure towards private mainnet.
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What position do you envision Euclid taking in influencing the future of interoperability and DeFi infrastructure?
Euclid will be the backbone for decentralized finance across networks, supporting lending, perpetual trading, trades, and other DeFi applications across 50+ networks. Protocols will be able to focus their attention on building a sustainable good product instead of worrying on if there is enough liquidity. We work already with tens of applications across DeFi, AI, RWA and other sectors to make them tap seamlessly into unified liquidity.
