Description
Connext, formerly known as Connext, has been rebranded as Everclear and now serves as the first Clearing Layer. Everclear significantly reduces the cost and complexity of rebalancing by up to 10 times. It is constructed as an Arbitrum Orbit rollup through Gelato RaaS and utilizes Hyperlane with an Eigenlayer ISM for connecting to other blockchains. Everclear addresses the fragmentation issue faced by modular blockchains by coordinating the global settlement of liquidity across different chains. It forms the new cornerstone of the chain abstraction stack, integrating seamlessly with intent protocols, solver networks, modular blockchains, and decentralized applications (dApps) to facilitate the most efficient transaction settlements at the best possible prices.
Connext, formerly known as Connext, has been rebranded as Everclear and now serves as the first Clearing Layer. Everclear significantly reduces the cost and complexity of rebalancing by up to 10 times. It is constructed as an Arbitrum Orbit rollup through Gelato RaaS and utilizes Hyperlane with an Eigenlayer ISM for connecting to other blockchains. Everclear addresses the fragmentation issue faced by modular blockchains by coordinating the global settlement of liquidity across different chains. It forms the new cornerstone of the chain abstraction stack, integrating seamlessly with intent protocols, solver networks, modular blockchains, and decentralized applications (dApps) to facilitate the most efficient transaction settlements at the best possible prices.
