This guide will help you migrate from NEXT to CLEAR and access the new staking opportunities— vote and participate in Season 1.
Dashboard
Your main portal provides a broad overview of your portfolio, current APY, claimable rewards, and how your vbCLEAR was used to vote (or delegate) in the current epoch, which lasts for 2 weeks.
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You will initially see a maximum APY of 20% for staked CLEAR.
Once you stake, the dashboard will show the time-weighted average of your APY.
Migrating (NEXT→CLEAR)
https://stake.everclear.org/upgrade-next
This step is required for NEXT holders on Ethereum (L1) only.
NEXT holders on L2s will be automatically migrated from NEXT to CLEAR.
Steps:
- Connect the wallet where you hold NEXT.
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- Select the amount of NEXT you want to upgrade.
- Click Upgrade and confirm the transaction in your wallet.
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Unwrapping (CLEAR →NEXT)
You can unwrap your CLEAR back into NEXT at any time.
- From the migration page, click on the arrow to swap the order of the assets.
- Click Upgrade to initiate the unwrapping.
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Staking
https://stake.everclear.org/stake
Staking allows you to lock your tokens to earn CLEAR and ETH rewards from the current season.
- You can stake CLEAR tokens from any supported chain.
- CLEAR rewards are distributed on the same chain you staked.
- ETH rewards are always received on Arbitrum.
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Steps:
- Select the amount of CLEAR to stake (or click Max).
- Choose the locking duration (minimum 3 months, maximum 24 months).
- The longer you stake, the higher the APY and voting power you earn.
- This APY is guaranteed for the current epoch.
- ⚠️ Please Note: For early withdrawals, the penalty will be between a minimum of 5% to a maximum of 22.5% and will be proportional to the remaining lock period divided by 24.
e.g. when there is 12 weeks or less remaining in your lock period the penalty will be 5%. If you have 104 weeks or more remaining in your lock period the penalty will be 22.5%. In between these values the penalty scales linearly.
- Review the estimated APY shown in the details section, calculated using:
- Combined APY: APY = 6.67E-03 * lock_months + 0.04
- ETH APY: ETH_APY = min(0.00667 * lock_months, 0.06)
- CLEAR APY: CLEAR_APY = max(0.00667 * lock_months - 0.02, 0.04)
- Confirm the transaction in your wallet to activate staking.
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Rewards from the previous epoch can be claimed via the dashboard. Please note that rewards are subject to a 1-week cooldown after the epoch ends.
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Unstaking
You can unstake at any time, but penalties apply if you do so before the locking period expires. The penalty is proportional to the remaining locking period.
Voting
https://stake.everclear.org/voting
Voting for a chain increases emissions directed to that chain, incentivizing solvers to allocate more liquidity and reducing costs for bridgeable amounts.
Key Notes:
- You can find indicators on the current epoch duration and how much vbCLEAR has been staked so far.
- The pie chart on the left-hand side shows how votes have been allocated across chains.
- You may vote for only one chain per voting period.
- Votes are recorded onchain and cannot be changed until the next epoch.
- Votes are valid for one epoch only, so you must cast a vote each epoch.
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Steps:
- Select the chain to vote for.
- Click Vote and confirm the transaction in your wallet.
Once complete, the dashboard updates with your action and the amount of vbCLEAR staked.
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Delegating
https://stake.everclear.org/delegate
Delegating allows you to assign your voting power to another staker who will decide where to allocate incentives on your behalf.
- You still earn Season 1 rewards with vbCLEAR.
- Delegation remains active across epochs but can be removed any time.
- If the delegate has already voted for the current epoch, you must wait until the epoch ends to undelegate.
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Steps:
- Connect your wallet via the button in the top-right corner.
- Select the wallet to delegate to and click Delegate.
- Recommendations:
- Delegate to active voters.
- Avoid allocating power to top delegates to maintain decentralization.
- Recommendations:
- Enter the amount of vbCLEAR to delegate and confirm the transaction.
Delegation will apply from the next epoch.
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More questions? Reach out:
- Discord: https://discord.gg/everclear
- Telegram: https://t.me/EverclearCommunity