Everclear Launches Mainnet Test Version Of Clearing Layer

According to Foresight News, cross-chain protocol Everclear, formerly known as Connext, has announced the launch of its Clearing Layer on the mainnet test version. Everclear aims to optimize cross-chain liquidity settlement by introducing a decentralized clearing layer, automating the rebalancing process. Following a DAO vote, Everclear will implement the vbNEXT model, allowing token holders to stake NEXT tokens to earn fees generated by the protocol, thereby promoting liquidity distribution to chains most in need of clearing.