Good opportunities in a bull market are not too many; $NEXT increased by over 45% this month!
Talk about what happened with this project and what the upcoming pitfalls are.
1/ Reasons for the surge
First, narrative upgrade. After renaming from Connext to Everclear, the narrative has shifted from a cross-chain bridge to the 'first multi-chain clearing layer.'
To make a comparison, just like Visa and the New York Stock Exchange have their own internal transaction clearing systems, Everclear has created an UberPool-like liquidity market to provide clearing services for liquidity balancers, solvers, and intent protocols.
Milestone:
0.02% cross-chain rebalancing fee
50% of capital flow hedged
Monthly growth of 3 times
30 minutes settlement time
Secondly, token migration. The protocol token $NEXT will soon migrate to $CLEAR.
CLEAR introduces a brand new voting binding system (vbCLEAR), allowing stakers to vote on liquidity incentives and earn fees from protocol activities.
Staking rewards:
$1.75 million $CLEAR
Three-month reward program
Participation link: https://stake.everclear.org/stake
The first season of staking activities will begin on December 16.
It should be noted that the NEXT token on L2 will automatically convert to CLEAR, but mainnet holders need to manually convert at a 1:1 ratio.
2/ Participation opportunities
CLEAR has introduced a voting binding system.
Staking: All CLEAR holders can stake their tokens for up to two years to receive vbCLEAR and take on the responsibilities of governance on the Everclear chain.
Voting: vbCLEAR holders vote to decide the distribution of issued CLEAR to specific chains.
Protocol Fees: vbCLEAR holders will receive a portion of the protocol fees.
For $NEXT holders: be sure to migrate and stake.
