Everclear Reports Strong Mainnet Beta Performance; DAO Approves New Tokenomics and CLEAR Token Migration

General

The
community
for
Everclear,
the
Clearing
Layer
solving
crosschain
liquidity
fragmentation,
today
announced
that
the
Everclear
DAO
approved
pivotal
proposals
to
introduce
new
tokenomics
and
a
token
migration
from
NEXT
to
CLEAR
amidst
strong
Mainnet
Beta
performance.

With
over
250
chains
live
today
and
more
launching
rapidly,
the
growth
of
modular
blockchains
has
created
significant
fragmentation
in
liquidity
and
user
experience.
Since
the
launch
of
its
Mainnet
Beta,
Everclear
has
achieved
crosschain
transaction
fees
as
low
as
2
basis
points
(0.02%),
is
already
netting
up
to
50%
of
transactions,
and
has
experienced
3x
month-over-month
growth.
Higher
netting
rates
and
lower
transaction
costs
are
expected
as
volumes
increase
during
Mainnet.
These
accomplishments
demonstrate
Everclear’s
potential
to
significantly
reduce
costs
and
complexity
for
crosschain
operations
while
increasing
solver
capital
utilization
compared
to
existing
protocols.

The
challenge
of
Chain
Abstraction
lies
in
the
need
for
intent
solvers
to
maintain
liquidity
across
an
expanding
ecosystem
of
rollups.
Currently,
new
rollups
must
establish
individual
relationships
with
intent
bridges,
creating
a
system
that
doesn’t
scale
efficiently.
The
vbCLEAR
model
transforms
this
dynamic
by
creating
a
marketplace
where
chains
can
directly
incentivize
any
solver
on
any
intent
platform,
dramatically
reducing
the
complexity
of
securing
bridge
support.
By
allowing
chains
to
lock
CLEAR
tokens
and
direct
incentives
to
their
ecosystems,
the
model
provides
solvers
with
upfront
motivation
to
allocate
capital
to
new
chains
before
organic
volume
develops,
effectively
solving
the
bootstrapping
challenge.

“The
strong
early
results
from
the
Mainnet
Beta
validate
Everclear’s
approach
to
building
the
first
clearing
layer
to
solve
liquidity
fragmentation,”
said
Arjun
Bhuptani,
Founder
of
the
Everclear
Foundation. “The
DAO’s
approval
of
these
proposals
represents
a
crucial
step
toward
creating
a
sustainable,
decentralized
system
that
efficiently
coordinates
global
settlement
while
rewarding
ecosystem
participants.”

The
DAO-approved
migration
to
CLEAR
introduces
new
tokenomics
in
the
form
of
a
vote-bonding
system
designed
to
incentivize
ecosystem
growth
and
reward
active
participants.
Under
the
new
model,
CLEAR
holders
can
stake
their
tokens
for
up
to
two
years,
enabling
participation
in
protocol
governance
and
fee
sharing.
This
system
allows
participants
to
direct
emissions
to
specific
chains,
ensuring
optimal
liquidity
distribution
across
the
ecosystem
while
creating
a
marketplace
for
chains
to
incentivize
solver
support
and
address
the
challenge
of
bootstrapping
liquidity
on
new
chains.

The
approved
proposals
also
establish
a
comprehensive
rewards
program,
with
Season
1
launching
on
December
6,
2024,
at
13:00
UTC,
for
a
three-month
duration.
The
program
features
a
total
rewards
pool
of
70
ETH
and
6.25
million
CLEAR
tokens,
structured
to
drive
early
participation
and
ecosystem
growth.
Tokens
are
allocated
to
solver
incentives
based
on
settlement
activity,
ensuring
active
contributors
are
rewarded
for
scaling
liquidity
flows.

The
protocol
has
attracted
prominent
ecosystem
participants,
including
Synapse
Protocol,
Router
Protocol,
Tokka
Labs,
and
Aori,
who
are
actively
participating
as
rebalancers
and
solvers
in
the
system’s
coordinated
settlement
marketplace.
Everclear’s
vision
and
expertise
have
garnered
support
from
leading
investors,
including
Polychain
Capital,
Pantera
Capital,
NGC
Ventures,1kx,
Polygon
Ventures,
Coinbase
Ventures,
and
Ethereal
Ventures.

The
token
migration
will
begin
on
December
6th
at
13:00
UTC.
Holders
of
NEXT
tokens
on
any
Layer
2
(Arbitrum,
Optimism,
Polygon,
BNB,
Gnosis)
will
be
automatically
upgraded
to
CLEAR,
requiring
no
action
from
users.
Ethereum
Mainnet
NEXT
holders
can
manually
migrate
their
NEXT
tokens
to
CLEAR
on
a
1:1
basis
through
a
simple
process
outlined
in
Everclear’s
official
announcement.
By
migrating
to
CLEAR,
mainnet
users
can
stake
their
tokens
to
receive
vote-bonded
CLEAR,
enabling
them
to
participate
in
governance
decisions
and
earn
a
share
of
protocol
fees
and
rewards
during
Season
1.

About
Everclear

Everclear
is
the
first
Clearing
Layer
for
Web3.
By
coordinating
the
global
settlement
of
liquidity
between
chains,
Everclear
solves
fragmentation
for
modular
blockchains.
Through
its
innovative
approach
to
netting
and
settlement,
Everclear
reduces
costs
and
complexity
for
cross-chain
operations
while
enabling
seamless
liquidity
flow
and
permissionless
chain
expansion.
The
protocol
serves
as
the
foundation
of
the
Chain
Abstraction
stack,
powering
the
next
generation
of
blockchain
interoperability.