As previously mentioned, combined with CZ's statements and Binance's recent actions, Binance will definitely frequently list more DeFi tokens. This judgment has proven to be correct.
Who will be the next DeFi old coin listed on Binance? Nominate @EverclearOrg. Like $ACX, Everclear (formerly Connext) was also a cross-chain bridge, and after the brand upgrade, they positioned themselves as the first 'multi-chain clearing layer', essentially transforming from a bridge into middleware.
The following discusses brand upgrading and token economics.
1/ Brand upgrading
Everclear was originally 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 clearing layer, which facilitates the rebalancing of cross-chain liquidity by separating intent capture and transaction settlement into distinct components.
Everclear's advantages:
0.02% extremely low cross-chain rebalancing fees
50% of capital flow hedging
30-minute settlement time
Practical case: Everclear collaborates with Renzo Protocol, allowing Renzo users to stake from L2 to receive ezETH, avoiding high cross-chain costs on the Ethereum mainnet, ultimately bringing Renzo over $1 billion in additional TVL.
2/ Token economics
Everclear protocol token $NEXT is migrating 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 protocol fees and first-quarter 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 their settlement activities.
Protocol fee generation: The current fee range is 0.2 to 1 basis point.
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 first-quarter rewards opening next week.
L1 NEXT holders: Migrate at https://stake.everclear.org/migrate-next
L2 NEXT holders: Tokens automatically upgrade to CLEAR.
3/ Conclusion
Lastly, while the beginning has leveraged Binance, the industry should not take Binance as the ultimate goal; users will not abandon your product just because you are not listed on Binance.
Let’s work together.