Eternally clearEverclear DAO, the first clearing layer for Web3, has been launched on the mainnet to address liquidity fragmentation in modular blockchains, becoming the foundation of the chain’s abstraction stack. The mainnet will run in beta for the first few weeks. Everclear DAO is also introducing a new voting bonding token mechanism for its NEXT token.
Chain abstraction, the design pattern that simplifies the user experience when interacting with multiple blockchains, is gaining traction, but it is currently limited by a specific problem: bridges and their operators (solvers) struggle to efficiently rebalance their liquidity and maintain the balance needed to operate. As Layer 2s have become faster, cheaper, and easier to launch, the number of new chains has grown exponentially, with 74 already live and just as many are about to launch. This has led to widespread fragmentation in liquidity and UX. Cross-chain intent systems are gaining popularity, but they are clogged because rebalancing their capital across chains remains a costly and complex operation. As a result, there are only a few solvers, they are barely profitable, highly centralized, and cannot support all the assets and chains needed for the chain abstraction to thrive.
Eternally clear provides the foundation for Chain Abstraction to scale by solving the challenge of coordinating liquidity settlement across chains. Everclear addresses the common problem of solvers, bridges, and protocols, by networking bidirectional flows and helping them rebalance capital. As a result, all of these entities can enable abstract chain experiences at a fraction of the cost, making any cross-chain intent transparent and invisible to the user.
Renzoa liquid, secure re-staking provider on 1 billion dollars in additional Total Value Locked (TVL) following their integration with Everclear to launch “Resume from anywhere“. Prior to the integration, users had to send ETH back to the Ethereum network to re-stake it, which was cumbersome and costly. Everclear’s early ecosystem partners include Metamask, Renzo, Puffer, Safe, Near, Router Protocol, Synapse, Aori, LiFi, Socket, Tokka Labs, Dialectic, Rhino.fi, Symbiosis, and many more. The protocol also works closely with industry heavyweights such as Eigenlayer, Arbitrum, Hyperlane, Gelato, and The Graph to power its technology.
“In a world of thousands of chains, the future of application development lies in chain abstraction. Developers should be able to build on any chain, or their own application chain, regardless of where their users are located,” said Arjun Bhuptani, co-founder of Everclear. “For this to be possible, blockchains need an underlying coordination system, the clearing layer, to efficiently clear and settle the flow of user funds across chains. Everclear and its new linked voting mechanism foster a healthier, more unified ecosystem by addressing this issue for every new chain and asset.”
New mechanism to enable efficient compensation on a large scale
Following a vote by the DAO, Everclear is upgrading its NEXT token to incentivize solvers, blockchains, and protocols to keep its system rebalanced. NEXT holders can stake it and receive vbNEXT which can be used to drive emissions. This approach encourages solvers and intent protocols to settle activity through Everclear, increasing liquidity and improving network efficiency. The reward system will be set up in advance to balance the growth of the token supply and ensure strong incentives for rebalancing activity, preventing large liquidity providers from monopolizing rewards.
About Everclear
Everclear is building the first clearing layer for Web 3. 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
