- This infrastructure resolves cross-chain movements and automatically rebalances inventory, reducing duplicative liquidity and lowering costs.
- This launch will allow users to immediately access Mantle using assets they already own, while Everclear will be responsible behind the scenes for settlement and rebalancing of the network.
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 partnership with Everclear. This partnership will introduce Cross-Chain Asset Settlement to the Mantle ecosystem. This allows users to seamlessly exchange wETH from Ethereum, Arbitrum, Base, or Polygon directly to mETH on Mantle, without the friction typically associated with traditional bridging.
One of the most pressing issues in multi-chain decentralized finance is the distribution of liquidity across different representations of the same asset. This integration serves to solve this problem.
Solving fragmentation with cross-chain netting and settlement
As ecosystems continue to grow, assets such as ETH and USD are now available in various forms, including wETH, mETH and sETH, in addition to an increasing number of stablecoins. This fragmentation is solved by Everclear’s clearing and settlement infrastructure. This infrastructure resolves cross-chain movements and automatically rebalances inventory, reducing duplicative liquidity and lowering costs.
This launch will allow users to immediately access Mantle using assets they already own, while Everclear will be responsible behind the scenes for settlement and rebalancing of the network.
“The usability of on-chain assets in the real world depends on efficient cross-chain settlement,” said Emily Bao, Key Advisor at Mantle. “This integration strengthens Mantle’s RWA and ETH-native strategy by removing friction from onboarding and enabling capital to flow into the ecosystem in a more scalable, institutional way.”
How it works: wETH → mETH in less than one minute
Individuals who hold wETH on supported chains have the option to choose Mantle as their destination and acquire mETH on Mantle in a single transaction, which typically takes less than a minute.
Everclear’s solver infrastructure quickly fulfills user intentions while simultaneously balancing and rebalancing cross-chain flows in the background to restore inventory at the lowest possible cost. This results in better prices, no derailments and fast execution.
“Everclear was built as a settlement layer for a fragmented, multi-asset future,” says Nikita Bulgakov of the Everclear Foundation. “By connecting different representations of the same asset, we enable partners like Mantle and mETH Protocol to provide users with a truly chain-abstracted experience.”
Unlock capital-efficient access to the Mantle ecosystem
Using mETH as a starting point, this partnership allows consumers to access Mantle’s ecosystem without having to manually bridge or exchange assets, which is a significant hurdle for both retail and expert users.
The main benefits include:
- Onboarding users to Mantle from major Ethereum ecosystems is completely seamless.
- Improved liquidity efficiency was achieved through the use of netting and clearing.
- Faster settlement with execution that uses capital more efficiently.
- To lay the foundation for growing into more reliable assets based on Ethereum.
A basis for chain-abstracted financing
When it comes to Everclear’s comprehensive cross-asset settlement initiative, Mantle is the first launch partner. There are plans to support more in the future ETH-based assets, stablecoins and new chains.
This partnership reflects a larger industry movement toward chain-abstracted finance, a type of finance where consumers interact with assets and applications without having to deal with the complexities of bridges, liquidity pools, or fragmented representations.
Mantle bills itself as the leading distribution layer and gateway that enables institutions and traditional financial institutions to interact with on-chain liquidity and access real-world assets, facilitating the flow of real-world financing.
To facilitate widespread adoption, Mantle combines credibility, liquidity and scalability with institutional-quality infrastructure. The company’s community-owned assets total more than $4 billion. The ecosystem is stabilized by the presence of $MNT within Bybit, and expanded through the implementation of key ecosystem projects such as mETH, fBTC, MI4 and others. This is supported by the partnerships Mantle Network has formed with prominent publishers and protocols, such as Ethena USDe, Ondo USDY and OP-Succinct.
Everclear, originally known as Connext, is an interoperability protocol focused on cross-chain 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 supplies power to prominent partners such as Across, Relay, LI.FI, Eco and others. Everclear processes approximately $400 million worth of blue-chip assets and stablecoins every month.
Everclear recently introduced Crosschain Asset Settlement, offering partners a variety of customized interoperability solutions. These solutions include white-label crosschain deposits, staking, and custom flows. These solutions enable partners to effectively attract customers and liquidity from long-tail activities.
The mETH protocol, incubated by Mantle, is a vertically integrated liquid cease and desist protocol that operates at the confluence of DeFi composability and institutional quality ETH provide access requirements. P2P, Kraken Staked, OSL and Copper are among the major validator and custodian partners supporting the mETH protocol. The protocol has reached a high total value (TVL) of $2.19 billion in its first year of existence. The protocol is not only implemented in treasury frameworks for decentralized autonomous organizations (DAOs) and corporations as a key layer for liquidity and returns, but is also embedded in more than forty prominent decentralized finance and exchange platforms, including Bybit, Ethena and others.