The alt season is sweeping in like a storm after rain, starting with large-cap#XRP#ALGO #XLM, and then moving to small and medium-cap. If you miss the opportunity of large-cap, then small and medium-cap + well-known investment institutions + market sedimentation of old-established projects will become the first choice for ambush! As one of the leading projects in the chain abstraction track, @EverclearOrg has been making continuous moves recently, which deserves attention!
Everclear DAO has approved the migration from $NEXT tokens to the new
$CLEAR marks a major upgrade for Everclear in the cross-chain liquidity solution space. With a strong mainnet beta test performance and innovative token economics, $CLEAR will propel Everclear to become the industry leader in the first liquidation layer.
⛳️ Core Highlights:
1. Mainnet Beta Performance
• Transaction fees as low as 0.02%, significantly reducing cross-chain costs.
• Approximately 50% of net settlement transactions have been covered, with further cost efficiency improvement as trading volume increases.
2. New Token Economics ( $CLEAR )
• Introduction of a Vote-Bonding system, combining staking rewards with governance rights.
• Staking period lasts up to 2 years, directing liquidity incentives to specific chains.
3. Season 1 Reward Program
• Launch Date: December 6, 2024, for a duration of 3 months.
• Reward Pool: 6,250,000 CLEAR + additional rewards, focusing on staking and liquidity solution incentives.
📝 Migration Details:
• L2 Users: Automatic migration to CLEAR on December 2, 2024.
• Mainnet Users: Manual 1:1 migration required, with no deadline, but migration must be completed to participate in Season 1 rewards.
🏆 Project Advantages and Investment Background:
• Market Background: Over 250 active chains leading to liquidity dispersion and high costs.
• Core Advantage: Reduces rebalancing costs by up to 10 times through the global clearing layer, enhancing ecological efficiency.
• Total funding amount reached 26.7 million USD, with top-tier capital including Polychain, 1KX, Coinbase Ventures, Pantera Capital, and others participating in the investment.
$CLEAR Value Capture:
• vbCLEAR: Stake $CLEAR to receive governance tokens and participate in incentive distribution decisions.
• Revenue Sources: Protocol fees and reward pool earnings, increasing with ecological growth.
Summary:
$CLEAR is an important milestone in the Everclear ecosystem upgrade, providing sustainable yields for chains, liquidity providers, and stakers. Season 1 will start on December 6, and now is the best time to join the ecosystem. With a current market cap of 12 million mc, the cost-effectiveness is unbeatable. If it doesn't increase by 10 times, we would be doing a disservice to our investors. Don't miss out; it's worth paying attention to! 🧐
