What is Everclear (CLEAR)?

TLDR Everclear (CLEAR) is a decentralized protocol designed to streamline cross-chain liquidity and settlement, acting as a foundational layer for blockchain interoperability.

1. Solves liquidity fragmentation by netting cross-chain transactions, reducing costs for solvers and users.
2. Uses a vote-bonding system (vbCLEAR) to align governance incentives and reward active participants.
3. Integrates with modular chains and intent protocols to enable seamless asset movement across ecosystems.

Deep Dive

1. Purpose & Value Proposition

Everclear addresses the inefficiency of liquidity rebalancing across blockchains—a critical bottleneck as DeFi scales. By acting as a "clearing layer," it aggregates and nets out bidirectional transactions (e.g., ETH moving from Chain A to B while another user sends ETH from B to A), reducing redundant transfers. This UberPool-style matching cuts rebalancing costs by up to 80%, with fees as low as 0.02% (Everclear Blog).

The protocol targets solvers (liquidity providers), chains, and dApps, enabling them to coordinate liquidity without manual intervention. For example, it automates yield farming across chains by dynamically rebalancing assets to optimal pools.

2. Technology & Architecture

Everclear operates as a decentralized marketplace where solvers bid to settle cross-chain transactions. Key innovations:
- Chain Abstraction Stack: Integrates with intent protocols (e.g., user requests like "swap X token at best rate") and modular blockchains, abstracting technical complexities.
- Dynamic Fee Model: Adjusts fees (0.2–1 basis points) based on demand, incentivizing solvers to prioritize high-volume corridors.
- NEAR Partnership: Leverages NEAR’s sharding for scalability, supporting 23 blockchains as of July 2025 (NEAR Protocol).

3. Tokenomics & Governance

CLEAR’s utility centers on governance and ecosystem alignment:
- Vote-Bonding (vbCLEAR): Stakers lock CLEAR for up to 2 years to vote on liquidity incentives and fee distribution.
- Buyback Program: 75% of protocol fees fund quarterly CLEAR buybacks, while 25% rewards stakers, creating deflationary pressure (Buyback Blog).
- Non-Inflationary: No new token minting—rewards come from fees and buybacks.

Conclusion

Everclear positions itself as critical infrastructure for a multichain future, combining efficient settlement with community-driven governance. Its success hinges on balancing solver incentives and scaling to support emerging chains. Can its fee-sharing model sustainably attract liquidity as competition intensifies?