As mentioned before, combined with CZ's statements and Binance's recent actions, Binance is sure to frequently list more DeFi tokens. This judgment has proven correct.
Who will be the next DeFi old coin to be listed on Binance? Nominate @EverclearOrg. Like $ACX, Everclear (formerly Connext) originally focused on cross-chain bridges, and after the brand upgrade, they positioned themselves as the first 'multi-chain settlement layer', effectively transforming from a bridge to middleware between bridges.
The following discussion will cover brand upgrades and token economics.
1/ Brand upgrade
Everclear was initially launched in 2017 as a cross-chain bridge based on state channel technology, receiving support from investment institutions including Polychain Capital, 1kx, and Coinbase Ventures. In June 2024, Connext announced a rebranding to Everclear.
The problem Everclear aims to solve: The fragmentation of liquidity between blockchains
The solution proposed by Everclear: Everclear aims to create the first inter-chain settlement layer that facilitates the rebalancing of cross-chain liquidity by separating intent capture and transaction settlement into different components.
Advantages of Everclear:
0.02% extremely low cross-chain rebalancing fee
50% of the capital flow hedge
30 minutes settlement time
Practical case: Everclear collaborates with Renzo Protocol, allowing Renzo users to stake from L2 to receive ezETH, avoiding the high cross-chain fees on the Ethereum mainnet, ultimately bringing Renzo over $1 billion in additional TVL.
2/ Token economics
The Everclear protocol token $NEXT is transitioning to $CLEAR. CLEAR introduces a brand new voting binding system, allowing stakers to vote on liquidity incentives and earn fees from protocol activities.
Staking (vbCLEAR): vbCLEAR holders can receive a portion of the protocol fees and the first season's reward pool.
Voting: vbCLEAR holders vote to allocate incentives to specific blockchains, ensuring liquidity is directed where it is most needed.
Incentive distribution: Settlers receive incentives based on the proportion of their settlement activities
Protocol fee generation: The current fee range is 0.2 to 1 basis points.
Protocol fee distribution: Fees paid to the protocol's smart contract system, after deducting the gas fees incurred by the system, are distributed to vbCLEAR governance participants.
Note that the migration from $NEXT to $CLEAR is ongoing, with staking and the first season's rewards starting next week.
L1 NEXT holders: Migrate at https://stake.everclear.org/migrate-next
L2 NEXT holders: Tokens automatically upgrade to CLEAR
3/ Conclusion
Finally, although we started by referencing Binance, the industry should not consider Binance as the ultimate goal; users will not stop using your product just because it is not listed on Binance.
Let's encourage each other.