Official announcements by major DeFi protocols and Everclear's own communication channels

Connext Rebrands to Everclear, Tackles Blockchain Liquidity and Fragmentation in Arbitrum Orbit

Jun 3, 2024, 03:29 PM

Connext has rebranded to Everclear, introducing a new solution for blockchain liquidity and chain fragmentation. Everclear, now part of the Arbitrum Orbit ecosystem, is designed to coordinate global settlement of liquidity between chains, addressing the increasing problem of chain fragmentation. This new Clearing Layer aims to provide seamless liquidity, fast bridging, and permissionless chain expansion for protocols building on them. The rebranding marks a significant step in Everclear's vision to solve modular blockchain issues and enhance the Chain Abstraction Stack. Everclear is touted as the First Clearing Layer.