• Alternate wETH from main chains to mETH on Mantle inside 60 seconds.
• No conventional bridges, slips, or complicated onboarding steps required.
• Netting + rebalancing reduces liquidity fragmentation and operational prices.

There’s a new resolution to the blockchain business’s liquidity fragmentation downside.

Everclear, the interoperability protocol previously often called Connext, has launched cross-chain asset settlement on the Mantle Community.

The partnership will permit customers to straight convert Wrapped Ethereum (wETH) from main chains similar to Ethereum, Arbitrum, Base, and Polygon into mETH tokens on Mantle inside 60 seconds.

This integration utterly bypasses conventional bridging and represents a major infrastructure breakthrough for the adoption of decentralized finance.

This partnership addresses one in every of DeFi’s most cussed challenges: liquidity fragmentation.

Because the blockchain ecosystem proliferates, the identical asset now exists in a number of representations on totally different networks.

This fragmentation creates inefficiencies, excessive prices, friction, and discourages participation by each retailers and establishments.

Everclear’s clearing infrastructure solves this downside by meshing cross-chain flows and routinely rebalancing stock, considerably decreasing extra liquidity and operational prices.

Cost layer mechanism

The mechanism is easy but elegant. Customers holding wETH on any of the supported chains will select Mantle as their vacation spot.

Everclear’s Solver Community immediately fulfills that intent, delivering mETH to customers’ wallets with optimum pricing and managing settlement and rebalancing operations behind the scenes.

The result’s zero slippage, speedy execution, and capital effectivity not potential with conventional bridges.

Nikita Bulgakov of the Everclear Basis defined the imaginative and prescient:

Everclear was constructed as a funds layer for a fragmented, multi-asset future. By connecting totally different representations of the identical asset, we’re enabling companions like Mantle and mETH Protocol to supply customers with a very chain-abstracted expertise.

Accelerating the institutional implementation of Mantle

Mantle has emerged as a number one contender within the liquidity infrastructure house, with over $4 billion in community-owned belongings and establishing itself because the premier gateway for monetary establishments connecting on-chain liquidity with real-world belongings.

Mantle’s flagship liquid staking resolution, the mETH protocol, has reached a peak of $2.19 billion in complete locking and is now built-in into over 40 main platforms, together with main custody suppliers similar to Bybit, Ethena, P2P and Copper.

“The true usability of on-chain belongings depends upon environment friendly settlement throughout the chain.” Emily Bao, principal advisor at Mantle, stated:

This integration strengthens Mantle’s RWA and ETH native technique by eradicating onboarding friction and permitting funds to circulate into the ecosystem in a extra scalable, institutional-grade method.

Our partnership with Everclear removes a major barrier to development.

Beforehand, customers transferring throughout a number of chains confronted bridging dangers, slippage prices, and complexities that prevented them from collaborating. This may make your onboarding smoother.

Growth of cost layer

Everclear already processes roughly $400 million in month-to-month buying and selling quantity throughout blue-chip belongings and stablecoins, serving skilled customers similar to market makers, solvers, bridges, and exchanges.

The launch of Mantle marks the start of expanded cross-asset cost capabilities with plans to help further ETH-based belongings, stablecoins, and rising blockchain networks.

This improvement highlights the business’s evolution in the direction of chain abstraction finance, the place customers and establishments work together with blockchain infrastructure with out managing the underlying complexity.

For the DeFi ecosystem, this can be a significant step in the direction of mainstream adoption.