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Everclear

Everclear

NEXT
$0.01470Up 0.00 percent($0.00)

Key Stats

Market Cap$14.70MUp 0.00 percent
Fully Diluted Value$14.70M
Total Supply1.00B NEXT
Max Supply∞
Launch Date2023-04-04
Built OnETH
Token StandardERC20
Smart Contract Address0xFE67…c67a
Decimal Places18

Everclear Information

Websites
www.connext.network
Block Explorers
scan.everclear.org
Industries
Cross-Chain Infrastructure
Parent Asset
CLEAR

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EverclearNEXT
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Trading AsToken StandardBuilt OnSmart Contract AddressLaunch Date
NEXTERC20ETH0xFE67A4450907459c3e1FFf623aA927dD4e28c67a2023-04-04
0x58b9cb810a68a7f3e1e4f8cb45d1b9b3c79705e8ERC20OP0x58b9cb810a68a7f3e1e4f8cb45d1b9b3c79705e82023-09-04
NEXTERC20POL0x58b9cb810a68a7f3e1e4f8cb45d1b9b3c79705e82023-09-03
NEXTERC20ARB0x58b9cb810a68a7f3e1e4f8cb45d1b9b3c79705e82023-09-03
NEXTBEP20BNB0x58b9cB810A68a7f3e1E4f8Cb45D1B9B3c79705E82023-09-03

About Everclear

Everclear (NEXT) is a decentralised protocol aimed at enhancing cross-chain liquidity settlement through its Clearing Layer, addressing liquidity fragmentation across blockchains. The NEXT token functions as the governance token within Everclear's DAO, facilitating community participation in the protocol's development.

Frequently Asked Questions

Everclear, previously known as Connext, is a decentralized protocol designed to facilitate secure and efficient cross-chain liquidity settlement between various blockchain networks. It introduces the concept of a "Clearing Layer," which coordinates global liquidity rebalancing to address the challenges of liquidity fragmentation across blockchains. The protocol's native cryptocurrency, NEXT, serves as the governance token for Everclear's decentralized autonomous organization (DAO).

Everclear rebranded from Connext in early 2024 to align with its broader vision for liquidity coordination across blockchain ecosystems. This transition introduced new governance structures, including a vote-bonding system to incentivize solvers who contribute to network efficiency.

In December 2024, the Everclear DAO approved a proposal to evolve the governance model of the protocol while maintaining the utility of the NEXT token. This change introduced a vote-bonding mechanism designed to incentivize solvers who contribute to protocol volume and a fee-sharing system that rewards all stakers participating in governance. Holders of NEXT tokens on any Ethereum Layer 2 retained their holdings with full functionality, while those on Ethereum mainnet were required to migrate manually at a 1:1 ratio.

Everclear's primary function is to streamline cross-chain liquidity rebalancing through a process called "netting." This method matches intents from one blockchain with opposing intents from another, reducing the cost and complexity of rebalancing while enhancing capital efficiency. The CLEAR token powers Everclear's vote-bonding system, enabling governance participation and reward distribution to stakers and solvers. By staking CLEAR tokens, participants can engage in protocol governance and earn a share of the fees generated by the system.

Everclear was co-founded by Arjun Bhuptani, Rahul Sethuram, and Layne Haber. The team, one of the first to work on L2 research, has been focused on improving the user experience of Ethereum and the broader Web3 ecosystem. They believe in the transformative potential of decentralized networks in finance and in giving value back to users.