Everclear (prev Connext)

Everclear is the first Clearing Layer. With hundreds of new chains launching, the path to a $10 trillion DeFi economy is bottlenecked by poor interoperability: while intent bridging is promising, it requires liquidity rebalancing, which is expensive for solvers and bridges.

Everclear introduces the first onchain clearing protocol that coordinates global settlement and nets out bi-directional cross-chain transactions, reducing costs to zero for up to 80% of the rebalancing flows.

Similar to how Visa and the New York Stock Exchange internally clear transactions, Everclear operates an UberPool-style liquidity marketplace for rebalancers, solvers, and intent protocols that matches and auctions incoming deposits.

Everclear aims to increase solver capital utilization by 10-100x compared to existing intent protocols while further reducing the fees for end users.

Everclear is the foundation of the Chain Abstraction Stack, enabling seamless liquidity flow across decentralized ecosystems.