Everclear DAO Approves New Tokenomics and Token Migration Amid Strong Mainnet Beta Performance

Everclear, the blockchain Clearing Layer aimed at solving crosschain liquidity fragmentation, has announced strong performance metrics from its Mainnet Beta and significant governance decisions. The Everclear DAO has approved proposals for new tokenomics and a token migration from NEXT to CLEAR, marking a pivotal moment in the protocol's development.

The Mainnet Beta has demonstrated impressive results, with crosschain transaction fees as low as 0.02% and netting up to 50% of transactions. The protocol has experienced 3x month-over-month growth, indicating its potential to substantially reduce costs and complexity in crosschain operations while improving solver capital utilization compared to existing solutions.

Everclear's approach addresses the growing challenge of liquidity fragmentation across the expanding ecosystem of modular blockchains. With over 250 chains currently active and more launching, the protocol aims to create a more efficient marketplace for chains to incentivize solvers on any intent platform, effectively tackling the bootstrapping challenge for new rollups.

The newly approved tokenomics introduce a vote-bonding system designed to incentivize ecosystem growth and reward active participants. CLEAR token holders can stake their tokens for up to two years, enabling participation in protocol governance and fee sharing. This model allows participants to direct emissions to specific chains, ensuring optimal liquidity distribution across the ecosystem.

A comprehensive rewards program, set to launch on December 6, 2024, will offer a total pool of 70 ETH and 6.25 million CLEAR tokens over a three-month period. This initiative aims to drive early participation and ecosystem growth, with tokens allocated to solver incentives based on settlement activity.

The token migration from NEXT to CLEAR, also beginning on December 6th, will be automatic for holders on various Layer 2 networks, while Ethereum Mainnet NEXT holders will need to manually migrate their tokens. This transition enables users to stake their CLEAR tokens, participate in governance, and earn protocol fees and rewards.

Everclear's progress and vision have attracted prominent ecosystem participants and investors, including Synapse Protocol, Router Protocol, Tokka Labs, Aori, Polychain Capital, Pantera Capital, and Coinbase Ventures, among others. The protocol's success in addressing crosschain liquidity challenges positions it as a potential cornerstone in the evolving landscape of blockchain interoperability and the Chain Abstraction stack.