Everclear

Everclear is a decentralized cross-chain clearing and settlement protocol designed to address liquidity fragmentation in modular blockchain ecosystems. Evolving from its predecessor, Connext, Everclear introduces the concept of a "Clearing Layer" that enables efficient netting and settlement of capital flows between diverse blockchain networks. By aggregating bidirectional transactions and coordinating settlements, Everclear reduces the complexity and costs associated with liquidity rebalancing, achieving up to a tenfold decrease in expenses for solvers, market makers, and centralized exchanges.