Everclear: Settlement Layer Launched on Mainnet Testnet
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September 18, 2024
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Everclear's Clearing Layer Launches on Mainnet Testnet
According to official announcements, the Clearing Layer of cross-chain protocol Everclear (formerly Connext) has launched on its mainnet testnet. By coordinating global liquidity settlement across chains, Everclear lowers rebalancing costs for solvers and other participants in the space, paving the way for scalable chain abstraction. Following a DAO vote, Everclear will introduce the vbNEXT model, allowing token holders to stake NEXT to earn fees generated by the protocol, incentivizing liquidity allocation to chains where clearing is most needed.
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