Liquidity fragmentation across blockchains is one of DeFi's largest challenges, leading to high costs and low capital utilization.
@EverclearOrg introduces the first Clearing Layer to solve liquidity fragmentation. Let's explore what Everclear is and why it matters 🧵
The Problem 🔎
Fragmented liquidity between chains leads to high costs & low capital utilization for solvers, market makers, & CEXs. Rebalancing is complex, costly, and often slow.
As the number of chains grows, so do rebalancing requirements. A better solution is needed.
What is Everclear? 🤔
Everclear (prev. Connext) is the first Clearing Layer - a decentralized network coordinating global liquidity settlement between chains. Through netting, Everclear reduces the cost and complexity of rebalancing liquidity between chains.