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Everclear
Everclear is a cross-chain clearing and settlement protocol and a novel public good mechanism for settling intents across chains, designed to solve liquidity fragmentation for blockchains and digital assets.
Distributed
Description
Everclear is the new foundation of the chain abstraction stack, integrating with intent protocols, solver networks, modular blockchains, and dApps to enable the most efficient transaction settlement at the best possible price. It overcomes the effects of modular fragmentation and cuts cost and complexity at every layer of the stack. As a novel public good mechanism for settling intents across chains, Everclear allows fillers to socialize the costs of rebalancing by netting off settlements against other fillers and users in the network. It acts as a programmable layer for fillers or users to build and utilize any number of mechanisms for rebalancing/settling funds (e.g., by plugging into any messaging mechanism, liquidity pool, CEX, etc.) and enables permissionless expansion to new chains and rollups, making it possible for any application on any chain to onboard users from any other chain.Grant Funding
VC Funding
None
2024
$0
$5M