- This infrastructure solves cross-chain movements and automatically rebalances inventory, therefore decreasing duplicate liquidity and cutting costs.
- Through this launch, users will be able to immediately access Mantle by using assets that they already own, while Everclear will be responsible for the settlement and rebalancing of the network behind the scenes.
Mantle, a high-performance distribution and liquidity layer that bridges traditional finance (TradFi), real-world assets (RWAs), and on-chain liquidity, has announced a new collaboration with Everclear. This collaboration will introduce Cross-Chain Asset Settlement to the Mantle ecosystem. This will enable users to seamlessly swap wETH from Ethereum, Arbitrum, Base, or Polygon directly into mETH on Mantle, without the friction that is typically associated with traditional bridging.
One of the most urgent difficulties in multi-chain decentralized finance is the dispersion of liquidity across several representations of the same asset. This integration serves to solve this difficulty.
Solving Fragmentation with Cross-Chain Netting & Settlement
As ecosystems continue to grow, assets such as ETH and USD are now available in a variety of forms, including wETH, mETH, and stETH, in addition to an increasing roster of stablecoins. This fragmentation is resolved by the clearing and settlement infrastructure provided by Everclear. This infrastructure solves cross-chain movements and automatically rebalances inventory, therefore decreasing duplicate liquidity and cutting costs.
Through this launch, users will be able to immediately access Mantle by using assets that they already own, while Everclear will be responsible for the settlement and rebalancing of the network behind the scenes.
“Real-world usability of on-chain assets depends on efficient settlement across chains,” said Emily Bao, Key Advisor of Mantle. “This integration reinforces Mantle’s RWA and ETH-native strategy by removing onboarding friction and enabling capital to flow into the ecosystem in a more scalable, institutional-grade way.”
How It Works: wETH → mETH in Under One Minute
Individuals who are in possession of wETH on supported chains have the ability to choose Mantle as the destination and obtain mETH on Mantle in a single transaction, which normally takes less than one minute.
The solver infrastructure of Everclear rapidly fulfills user intentions while simultaneously netting and rebalancing cross-chain flows in the background to restore inventory at the lowest possible cost. This results in improved pricing, no slippage, and rapid execution.
“Everclear was built to be the settlement layer for a fragmented, multi-asset future,” said Nikita Bulgakov from Everclear Foundation. “By connecting different representations of the same asset, we enable partners like Mantle and mETH Protocol to offer a truly chain-abstracted experience to users.”
Unlocking Capital-Efficient Access to Mantle’s Ecosystem
By using mETH as the starting point, this partnership makes it possible for consumers to access the ecosystem of Mantle without having to manually bridge or exchange assets, which is a significant obstacle for both retail and expert users.
Key benefits include:
- User onboarding into Mantle from major Ethereum ecosystems that is completely seamless.
- Through the use of netting and clearing, improved liquidity efficiency was achieved.
- A quicker settlement with execution that is more efficient with capital.
- In order to provide the groundwork for growing into more reliable assets based on Ethereum.
A Foundation for Chain-Abstracted Finance
When it comes to Everclear’s extended cross-asset settlement initiative, Mantle is the first launch partner. In the future, there are plans to support more ETH-based assets, stablecoins, and new chains.
This partnership is a reflection of a larger industry movement toward chain-abstracted finance, which is a kind of finance in which consumers interact with assets and applications without having to handle the complexity of bridges, liquidity pools, or fragmented representations.
Mantle offers itself as the leading distribution layer and gateway enabling institutions and traditional financial institutions to interact with on-chain liquidity and get access to real-world assets, hence facilitating the flow of real-world financing.
In order to facilitate widespread adoption, Mantle blends credibility, liquidity, and scalability with institutional-grade infrastructure. The company’s assets are held by the community and total more than $4 billion. The ecosystem is stabilized by the presence of $MNT inside Bybit, and it is expanded by the implementation of essential ecosystem projects such as mETH, fBTC, MI4, and others. This is supported by the collaborations that Mantle Network has formed with prominent issuers and protocols, such as Ethena USDe, Ondo USDY, and OP-Succinct.
Everclear, which was originally known as Connext, is a protocol for interoperability that focuses on crosschain settlement and liquidity rebalancing. It is designed for professional users, such as market makers, solvers, bridges, and exchanges. Everclear is a B2B clearing and settlement layer that operates with a high level of efficiency. It provides power to prominent partners such as Across, Relay, LI.FI, Eco, and others. Everclear processes roughly $400 million in monthly volume across blue-chip assets and stablecoins.
Everclear has recently introduced Crosschain Asset Settlement and provides partners with a variety of customized interoperability solutions. These solutions include white-label crosschain deposits, staking, and bespoke flows. These solutions enable partners to effectively attract customers and liquidity from long-tail lines of business.
Incubated by Mantle, the mETH protocol is a vertically integrated liquid staking and restaking protocol that operates at the confluence of DeFi composability and institutional-grade ETH yield access requirements. P2P, Kraken Staked, OSL, and Copper are among the primary validator and custodian partners that support the mETH Protocol. The protocol has attained a high total value locked (TVL) of $2.19 billion within its first year of operation. In addition to being implemented into treasury frameworks for decentralized autonomous organizations (DAOs) and corporations as a key liquidity and yield layer, the protocol is embedded throughout more than forty prominent decentralized finance and exchange platforms, including Bybit, Ethena, and others.