Eternally clearthe first Clearing Layer for Web3, has adjusted the unlocking schedule for its $NEXT token. The lock-up period for tokens held by Proxima Labs, the Foundation, contributors and other contributors will be extended, with the earliest unlocking date being pushed back from September 6, 2024 to December 6, 2024. Additionally, the token unlocking period has been extended from 12 to 18 months, with unlocking at a linear rate of 1/19 per month, ending on June 6, 2026.
The decision comes after careful consideration and discussions with Proxima Labs, the Foundation, the community, development company investors, and supporters who supported the extension to ensure long-term alignment of all stakeholders for the newly launched protocol.
Everclear is backed by Polychain Capital, Polygon Ventures, Pantera Capital, Coinbase Ventures, Consensys, 1kx, Ethereal Ventures, and others. These investments were instrumental in Everclear’s rebranding and launch.
The protocol’s rebranding and upcoming launch have been positively received, and Everclear aims to maintain momentum and strengthen alignment of interests within the community. The expansion will help stabilize the ecosystem, build trust among participants, and ensure Everclear’s growth trajectory remains strong and sustainable.
“We are extremely proud of the reception to the rebrand and new protocol. It is a true testament to the strength and support of the community and the potential of the new protocol,” said Arjun Bhuptani, Co-Founder of Everclear. “The lock-up extension is a commitment to the long-term vision of building the foundation of the blockchain abstraction stack.”
Everclear is currently building the first clearing layer for Web3 to address fragmentation in modular blockchains by coordinating global liquidity settlement across chains. It is currently on testnet, with mainnet planned for the coming weeks.
About Everclear
Everclear is building the first clearing layer for Web3. Everclear solves the fragmentation of modular blockchains by coordinating global liquidity settlement across chains. Everclear aims to build an open and accessible future where users can reap the benefits of blockchains without specialized knowledge or exposure to unnecessary risk. For more information, please visit
