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Everclear is primarily a blockchain interoperability protocol designed to solve liquidity fragmentation through its unique clearing layer. By integrating chain abstraction and a modular architecture, the project enables users to navigate different networks effortlessly, allowing them to interact with applications across various chains without the need to manage multiple wallets or tokens.
At its core, Everclear employs a user-centric intent-based system, which allows participants to express their desired outcomes simply, such as transferring assets between chains. This framework not only simplifies the user experience but also fosters an environment where liquidity can be pooled and utilized more effectively. Users issue intents through smart contracts, which are then acted upon by a network of solvers. This process enhances the operational efficiency of cross-chain transactions, resulting in reduced costs and improved execution speeds[1][3].
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