ChainCatcher message, the intent-based cross-chain bridge clearing layer Everclear has passed an important proposal to migrate the NEXT token to CLEAR. According to the announcement, this migration will start on December 6 at 21:00, and the first quarter reward program lasting three months will also commence, with a total reward pool containing 6.25 million CLEAR tokens.
Of this, 1.75 million CLEAR will be allocated to vbCLEAR stakers, and 4.5 million will be used to incentivize solution providers (Solver). Regarding the migration, NEXT holders on the L2 network will automatically upgrade to CLEAR, while NEXT holders on the Ethereum mainnet will need to manually perform a 1:1 migration. The newly launched voting binding system allows users to lock CLEAR for up to two years to obtain vbCLEAR, participate in governance, and receive protocol revenue sharing.