CLEAR Guide: Native Token of Everclear Protocol

EVERCLEAR
March 24, 2025

What is CLEAR?

The CLEAR token powers Everclear Protocol’s vote-bonding system, enabling governance participation and reward distribution to Stakers and Solvers.

CLEAR allows chains to improve their liquidity conditions by voting for increasing the rewards going to solvers operating on the chains. 

CLEAR Utility Overview

  • Once staked, CLEAR becomes ‘vote-bonded’ CLEAR (vbCLEAR).

Governance:

  • The vote-bonding system allows solvers, chains, and holders to participate in on-chain governance of the Everclear systems by staking CLEAR for up to 2 years.

Vote-bonding:

  • vbCLEAR holders vote on directing CLEAR emissions to solvers/chains, therefore incentivizing liquidity movement.

Rewards:

  • To incentivize and reward governance participation, vbCLEAR holders are entitled to receive a share of the total fees generated by the smart contract system they govern.
  • A special fixed incentive pool for ‘Season 1’ of governance is now live!*

Crypto Tracker Links:

Who’s CLEAR for? (In-depth)

CLEAR enables solvers and bridges to own and operate the Clearing Layer, much like Visa and Mastercard were initially owned by the banks that used and settled transactions across their networks. 

Solvers/rebalancers don’t know where to hold liquidity before volume exists & new chains need to beat the chicken/egg problem: vbCLEAR solves this problem.

Solvers and Rebalancers:

  • Receive emissions for fulfilling intents and contributing to settlement efficiency.
  • Use voting power to direct incentives to chains where you operate.

Chains:

  • Stake CLEAR and vote to ensure liquidity and solver support for your ecosystem.
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CLEAR Holders:

  • Stake CLEAR to participate in governance and earn emissions rewards.
  • Influence emissions distribution by voting with vbCLEAR.
  • Be rewarded for driving the growth of Everclear’s ecosystem through governance.

Total Supply and Distribution

The total supply of CLEAR is capped at 1,000,000,000 tokens. The distribution is structured to support long-term growth and alignment with ecosystem goals:

  • 19% is circulating supply, including initial airdrop.
  • 41% to community and ecosystem, including DAO (15.5%), ecosystem and strategic backers (13%), Labs (3%) and Foundation (9%).
  • 18% to core contributors and advisors (locked).
  • 22% to early backers (locked).

Core contributors and early backers are on the 18-month unlock schedule that started on Dec 6. 

Everclear Circulating Supply – 312M (as of Mar 18, 2025)
You can find the actual circulating supply here (API link).

25M CLEAR is currently staked (as of Mar 24, 2025; staking link).

CLEAR venues:

Key Metrics of the Protocol

Total volume - $156M (as of Mar 24, 2025)

Avg. fee (30 days) - 0.015%

Chains supported - 18: Ethereum, Arbitrum, Optimism, BNB, Polygon, Base, Unichain, ZkSync, Avalanche, Zircuit, Linea, Blast, Taiko, Scroll, Mode, Ape, Ronin

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