The startup has developed an interoperability platform that facilitates liquidity settlement across multiple blockchain networks through a programmable settlement feature. This technology enables efficient liquidity rebalancing, enhancing connectivity and accessibility for investors navigating diverse blockchain ecosystems.
Funding
$28.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
In cross-chain environments, liquidity often becomes fragmented across different blockchains, leading to inefficiencies and increased costs for users and solvers who must rebalance their assets across multiple networks. Existing solutions often involve complex manual adjustments and high transaction fees.
Solution
Everclear provides a clearing layer that coordinates the settlement of liquidity between chains, addressing the fragmentation challenges inherent in modular blockchain ecosystems. The protocol enables efficient liquidity rebalancing by netting bidirectional flows, reducing costs for users, solvers, and bridges. It allows for programmable settlement via Solidity contracts, enabling developers to deploy custom strategies for optimal netting and settlement and earn a portion of solver settlement fees. Everclear integrates with intent protocols, solver networks, modular blockchains, and dApps to facilitate efficient transaction settlement at optimal prices.
Target Audience
Everclear targets intent solver networks, market makers, chain abstraction protocols, intent-based bridges, decentralized applications, centralized exchanges, and chains/RaaS providers seeking to optimize liquidity and reduce the complexity of cross-chain transactions.
Features
- Permissionless chain expansion through connections to transport protocols like Hyperlane
- Clearing mechanism that nets bidirectional flows, reducing costs by up to 10x
- Programmable settlement using Solidity contracts for custom netting and settlement strategies
- Support for intent protocols, solver networks, modular blockchains, and dApps
- API for automating reserves rebalancing
- Support for xERC20