We are excited to announce that Tokka Labs, a premier liquidity provider, has partnered with Everclear as a Day-1 rebalancer. In this role, Tokka Labs will monitor intent auctions on Everclear’s Clearing Layer, purchasing discounted intents to optimize crosschain liquidity settlement and intent fulfillment.
Meet Tokka Labs
Tokka Labs, known for its proficiency in market making and algorithmic trading, provides liquidity, ensures market depth, and executes trades with precision. Their proprietary trading system, operational 24/7 across multiple digital asset venues, allows Tokka Labs to continuously evolve and adapt to market conditions, offering an efficient and seamless trading experience.
What Rebalancers Do
Rebalancers in Everclear's Clearing Layer actively manage crosschain liquidity by monitoring intent auctions and purchasing discounted intents when direct netting is insufficient. This optimizes the clearing process, ensuring that any type of intent can be settled within a predetermined timeframe. By preventing liquidity bottlenecks and ensuring efficient transaction settlements, rebalancers ultimately support solvers in fulfilling complex intents across blockchains.
Insights from Tokka Labs
Wee Howe, CEO of Tokka Labs, expressed enthusiasm for the integration:
Working with Everclear has been smooth and highly efficient for Tokka Labs. Their technology has significantly reduced operational hurdles, enhancing our integration process. We’re excited about how their platform will help us optimize capital usage and minimize rebalancing challenges, allowing us to stay more agile in routing liquidity. We’re looking forward to exploring new possibilities as we deepen this partnership.
About Everclear
Everclear coordinates the global settlement of liquidity between chains, solving fragmentation for modular blockchains. As the first Clearing Layer, Everclear is the foundation of the Chain Abstraction stack, reducing the cost and complexity of rebalancing liquidity.
