Hassan Maishera
On Wednesday, the Near Protocol announced via X that it has partnered with EverClear, a cross-chain clearing and settlement protocol. As Everclear plugs into NEAR Intents as a major technical enabler and rebalancing mechanism in its solver network, and works on integrating NEAR’s technology to scale its offerings, the NEAR Foundation is making a strategic investment in Everclear to help the protocol respond to exploding demand.
With Everclear as a clearing layer, solvers, intent bridges, and CEXs can rebalance major crypto assets and stablecoins at near-zero rates, while moving as much as $5 million in a single transaction.
NEAR Protocol is a decentralized application platform designed to make apps similarly usable to those on today’s web. The network runs on a Proof-of-Stake (PoS) consensus mechanism called Nightshade, which aims to provide dynamic scalability and stabilize fees. NEAR is trading at $2.781, down 7.1% in the last 24 hours.
