The community of Everclear, the clearing layer solving cross-chain liquidity fragmentation, today announced that the Everclear DAO has approved crucial proposals to introduce new tokenomics and token migration from NEXT to CLEAR in a backdrop of strong mainnet beta performance.
With over 250 chains operating today and more launching rapidly, the growth of modular blockchains has created significant fragmentation in liquidity and user experience. Since launching its Mainnet beta, Everclear has achieved cross-chain transaction fees as low as 2 basis points (0.02%), already accounts for up to 50% of transactions, and has seen monthly growth of 3 times. Higher clearing rates and lower transaction costs are expected as volumes increase on mainnet. These achievements demonstrate Everclear’s potential to significantly reduce the cost and complexity of cross-chain 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 in an expanding ecosystem of rollups. Currently, new stacks must establish individual relationships with Intent Bridges, creating a system that does not scale effectively. The vbCLEAR model transforms this dynamic by creating a marketplace where chains can directly incentivize any solver on any intent platform, significantly reducing the complexity of securing bridge support. By allowing chains to lock up CLEAR tokens and direct incentives to their ecosystems, the model provides solvers with an initial incentive to allocate capital to new chains before organic volume grows, effectively solving the challenge of priming.
“The strong early results from the Mainnet beta validate Everclear’s approach to creating the first netting layer to resolve 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 effectively coordinates global colonization while rewarding ecosystem participants.”
The DAO-approved migration to CLEAR introduces new tokenomics in the form of a linked voting system designed to encourage ecosystem growth and reward active participants. Under the new model, CLEAR holders can stake their tokens for up to two years, allowing participation in protocol governance and fee sharing. This system allows participants to direct broadcasts to specific chains, ensuring optimal liquidity distribution in the ecosystem while creating a market for chains to incentivize support from solvers and address the challenge of seeding liquidity on the new channels.
The approved proposals also establish a comprehensive rewards program, with the launch of Season 1.on December 6, 2024, at 1:00 p.m. UTC, for a period of three months. The program offers a total reward pool of 70 ETH and 6.25 million CLEAR tokens, structured to drive early participation and ecosystem growth. Tokens are allocated to the solver incensemetrics based on settlement activity, ensuring that active contributors are rewarded for increased liquidity flows.
The protocol has attracted prominent ecosystem participants including Synapse Protocol, Router Protocol, Tokka Labs and Aori, who actively participate as rebalancers and solvers in the system’s coordinated settlement market. Everclear’s vision and expertise has garnered support from leading investors including Polychain Capital, Pantera Capital, NGC Ventures, 1kx, Polygon Ventures, Coinbase Ventures, and Ethereal Ventures.
Token migration will begin on December 6 at 1:00 p.m. UTC. NEXT token holders 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 via a simple process outlined in Everclear’s official announcement. By migrating to CLEAR, mainnet users can stake their tokens to receive CLEAR tied to voting, allowing 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 global liquidity settlement across chains, Everclear addresses the fragmentation of modular blockchains. Through its innovative approach to clearing and settlement, Everclear reduces the costs and complexity of cross-chain operations while enabling transparent liquidity flow and permissionless on-chain expansion. The protocol serves as the foundation of the Chain Abstraction stack, powering the next generation of blockchain interoperability.
For more information, please visit: https://everclear.org
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