Everclear DAO is introducing the $CLEAR Buyback Program to reinforce long-term trust in the token and its utility within the Everclear ecosystem
Beginning today, 75% of net protocol fees will be directed toward quarterly buybacks, consistently purchasing $CLEAR from the open market.
This announcement is significant for Everclear tokenomics, aligning protocol’s growth with the role of the CLEAR token. Here's what you need to know:
- Everclear DAO launches the $CLEAR Buyback Program.
- 75% of net protocol fees allocated to systematic quarterly buybacks, enhancing network security.
- 25% of the net protocol allocated to vbCLEAR staking rewards.
Everclear DAO just executed the Q1 buy-back on Uniswap and will execute Q2 buy-back in July.
Everclear Foundation and DAO will build a dashboard to track the net protocol fees over Q2.
Key links
To learn more about vbCLEAR staking read CLEAR Guide: Native Token of Everclear Protocol
DAO vote: snapshot.box
Stay Involved
The Everclear Community remains at the forefront of these conversations, and participation in governance discussions is encouraged. To stay updated on the latest developments and have your say in shaping the future of Everclear, visit Discord or Telegram community and join the conversation.
About Everclear
Everclear is the cross-chain clearing and settlement protocol. With hundreds of new chains launching, the path to a $10 trillion DeFi economy is bottlenecked by poor interoperability: while intent bridging is promising, it requires liquidity rebalancing, which is expensive for solvers and bridges.
Everclear introduces the first onchain clearing protocol that coordinates global settlement and nets out bi-directional cross-chain transactions, reducing costs to zero for up to 80% of the rebalancing flows.
Similar to how Visa and the New York Stock Exchange internally clear transactions, Everclear operates an UberPool-style liquidity marketplace for rebalancers, solvers, and intent protocols that matches and auctions incoming deposits.
As of April 1, Everclear processed $180M total volume and $124M in March.
Legitimacy and Disclaimer
Everclear is a decentralised, disintermediated and permissionless protocol. The Everclear Foundation’s purpose is to support the current implementation and any future implementations of the Everclear protocol and to foster community-driven growth in the Everclear ecosystem.
Nothing in this post should be used or considered as legal, financial, tax, or any other advice, nor as an instruction or invitation to act by anyone. Users should conduct their own research and due diligence before making any decisions.
