#USA #Dubai #Mantle #mETH #Everclear

Everclear Unveils Cross-Chain Asset Settlement Feature

In a transformative step toward optimizing decentralized finance, Everclear has launched its innovative Cross-Chain Asset Settlement designed to improve the liquidity efficiency and onboarding processes within the Mantle ecosystem. This cutting-edge feature enables users to effortlessly swap wrapped Ethereum (wETH) from various blockchain networks, such as Ethereum, Arbitrum, Base, or Polygon, directly into Mantle's native mETH token without the usual bridging complications.

Tackling Liquidity Fragmentation

The announcement addresses a significant hurdle in the world of decentralized finance (DeFi), where the liquidity of assets has often been fragmented across multiple chains. With different forms of key cryptocurrencies like Ethereum—spanning from wETH to mETH to stETH, alongside a growing array of stablecoins—liquidity fragmentation can hinder financial operations and increase costs. Everclear's efficient settlement infrastructure counteracts this fragmentation by netting cross-chain flows and automatically maintaining inventory balance. Users can now benefit from reduced redundant liquidity, heightened efficiency, and diminished costs.

Seamless Transactions in Under a Minute

One standout feature of this system is the ability to convert wETH to mETH in just under one minute. Users holding wETH on supported chains can choose Mantle as their destination, completing the transfer in a single transaction. Everclear’s system facilitates immediate fulfillment of user intents while seamlessly conducting netting and rebalancing of cross-chain flows in the background. This ensures not just exceptional efficiency but also enhances execution speed and pricing terms without slippage.

Emily Bao, a Key Advisor at Mantle, emphasized the importance of this integration, stating, "Real-world usability of on-chain assets depends on efficient settlement across chains." With the new Cross-Chain Asset Settlement feature, Mantle is taking significant strides in reducing barriers to entry for both retail investors and more complex institutional users by facilitating smoother asset flow into the ecosystem.

Unlocking Access to the Mantle Ecosystem

The collaboration primarily centered on mETH now opens exciting new avenues for users looking to dive into the Mantle ecosystem. The removal of cumbersome manual bridging and asset swapping is set to lower entry barriers considerably. Key advantages include:

• - Seamless onboarding into Mantle from significant Ethereum networks.
• - Enhanced liquidity efficiency through advanced netting and clearing strategies.
• - Rapid settlements that are capital-efficient.
• - A solid groundwork for extending support for other ETH-based assets and stablecoins.

Towards a Chain-Abstracted Financial Future

The introduction of Everclear's Cross-Chain Asset Settlement marks a pivotal moment in the industry, promoting a broader trend towards chain-abstracted finance. This approach enables users to engage with a variety of assets and applications while leaving the complexities of liquidity pools and transfers behind.

Mantle stands as the first launch partner for this expanded initiative by Everclear, indicating future aspirations to incorporate a broader selection of ETH-based assets, stablecoins, and new blockchain networks into its operations.

About the Players Involved

Mantle positions itself as a robust distribution layer catering to institutions in traditional finance, linking them with on-chain liquidity and providing access to real-world assets. With over $4 billion in community-owned assets, Mantle emphasizes credibility and scalability through institutional-grade infrastructure.

Alternatively, Everclear, previously known as Connext, concentrates on cross-chain settlement and liquidity rebalancing, operating as a highly efficient business-to-business clearing and settlement layer. It processes significant volumes across leading blue-chip assets and partners.

mETH Protocol serves as a core part of this ecosystem, championing liquid staking and boosting ETH yields through a vertically integrated structure, well-supported by notable staking and custody partners.

In summary, the Everclear integration into Mantle's operations opens new frontiers in asset management and liquidity efficiency, creating a frictionless experience for users eager to tap into the full potential of decentralized finance. Stay tuned, as both teams ramp up efforts to advance the future of finance through this formidable partnership.