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Everclear Launches Mainnet Beta, Reduces Cross-Chain Costs as First Clearing Layer

Sep 18, 2024, 02:28 PM

Everclear, the first Clearing Layer, has launched its mainnet beta today. This new infrastructure coordinates the global settlement of liquidity between chains, significantly reducing rebalancing costs for solvers and other actors in the decentralized finance (DeFi) space. Everclear's mainnet beta aims to address liquidity fragmentation and enhance the efficiency of cross-chain applications. The launch is seen as a vital step towards scalable Chain Abstraction, enabling seamless creation of cross-chain applications. Everclear's integration with various protocols, including Router Protocol and Synapse Protocol, is expected to drive down cross-chain costs and improve liquidity rebalancing processes. The launch also supports the modular ecosystem on Polymer and intent-based bridges, and addresses liquidity fragmentation with the NEXT token.