Everclear (formerly Connext) Airdrop

Everclear (formerly Connext Network) is the world's first decentralized 'Clearing Layer' engineered to solve the multi-billion dollar liquidity fragmentation crisis of the modular blockchain ecosystem. Founded by Arjun Bhuptani and Rahul Sethuram and supported by over $15 Million in funding from elite venture funds—including Polychain Capital, 1kx, Coinbase Ventures, Pantera Capital, and Polygon Ventures—Everclear acts as the shared financial clearinghouse for modular rollups, bridges, and cross-chain intent solvers.

In the modular rollup era, hundreds of disparate Layer 2 and Layer 3 chains suffer from fragmented capital. Bridges and market makers are forced to rebalance millions of dollars in capital across fragmented networks daily, paying massive gas fees and suffering significant capital inefficiency. Everclear solves this by introducing global peer-to-peer netting. Rather than moving capital across chains for every single transaction, Everclear nets out opposing cross-chain flows algorithmically (similar to traditional financial clearinghouses like DTCC), only settling the net difference.

Operating as a specialized rollup on Arbitrum Orbit, Everclear coordinates order flow for leading bridges and protocols. Anchored by the native $NEXT (transitioning to $CLEAR) token, active rebalancing market makers, liquidity providers, and governance stakers occupy the central coordination hub of cross-chain settlement.

The native $NEXT / $CLEAR token powers the Everclear clearing engine. Token holders stake to participate in DAO governance, secure routing rebalancing hubs, and capture protocol clearing fee revenues.