- This infrastructure addresses the issue of scattered liquidity across different representations of the same asset by solving cross-chain movements and automatically rebalancing inventory, reducing duplicate liquidity, and lowering costs.
- With this partnership, users can seamlessly access Mantle using their existing assets, while Everclear handles the settlement and rebalancing of the network in the background.
Mantle, a high-performance distribution and liquidity layer that connects traditional finance, real-world assets, and on-chain liquidity, has announced a collaboration with Everclear to introduce Cross-Chain Asset Settlement to the Mantle ecosystem. This integration allows users to swap wETH from Ethereum, Arbitrum, Base, or Polygon directly into mETH on Mantle without the usual bridging challenges.
One of the main challenges in multi-chain decentralized finance is the fragmentation of liquidity among various representations of the same asset. This integration aims to solve this problem.
Solving Fragmentation with Cross-Chain Netting & Settlement
As the number of assets like ETH and USD grows in various forms such as wETH, mETH, and stETH, along with an increasing array of stablecoins, Everclear’s clearing and settlement infrastructure helps resolve this fragmentation. By automatically rebalancing inventory and facilitating cross-chain movements, duplicate liquidity is reduced, and costs are minimized.
Through this collaboration, users can easily access Mantle using their existing assets, while Everclear ensures seamless settlement and rebalancing of the network in the background.
“Efficient settlement across chains is crucial for the real-world usability of on-chain assets,” stated Emily Bao, Key Advisor of Mantle. “This integration enhances Mantle’s RWA and ETH-native strategy by streamlining onboarding processes and allowing capital to flow into the ecosystem in a scalable, institutional-grade manner.”
How It Works: wETH → mETH in Under One Minute
Individuals holding wETH on supported chains can select Mantle as the destination and receive mETH on Mantle in a single transaction, typically completed in less than a minute.
Everclear’s solver infrastructure swiftly executes user requests while netting and rebalancing cross-chain flows behind the scenes to optimize inventory at minimal costs. This results in improved pricing, no slippage, and swift execution.
“Everclear was designed to be the settlement layer for a fragmented, multi-asset future,” explained Nikita Bulgakov from Everclear Foundation. “By connecting different representations of the same asset, we empower partners like Mantle and mETH Protocol to offer users a truly chain-abstracted experience.”
Unlocking Capital-Efficient Access to Mantle’s Ecosystem
Through the use of mETH as the entry point, this partnership enables users to access Mantle’s ecosystem without the need for manual bridging or asset exchange, eliminating a significant barrier for both retail and experienced users.
Key benefits include:
- Seamless user onboarding to Mantle from major Ethereum ecosystems.
- Enhanced liquidity efficiency through netting and clearing.
- Faster settlement with more efficient capital execution.
- Establishing a foundation for expanding into more reliable Ethereum-based assets.
A Foundation for Chain-Abstracted Finance
As the first launch partner for Everclear’s extended cross-asset settlement initiative, Mantle paves the way for future support of additional ETH-based assets, stablecoins, and new chains.
This partnership reflects a broader industry trend towards chain-abstracted finance, where users interact with assets and applications without the complexity of bridges, liquidity pools, or fragmented representations.
Mantle serves as the primary distribution layer and gateway for institutions and traditional financial entities to engage with on-chain liquidity and access real-world assets, facilitating the flow of real-world financing.
To drive widespread adoption, Mantle combines credibility, liquidity, and scalability with institutional-grade infrastructure. The community holds assets exceeding $4 billion, with $MNT stabilizing the ecosystem within Bybit and essential projects like mETH, fBTC, MI4, among others expanding the ecosystem. Collaborations with issuers and protocols such as Ethena USDe, Ondo USDY, and OP-Succinct further strengthen the Mantle Network.
Originally known as Connext, Everclear is a protocol focused on cross-chain settlement and liquidity rebalancing, catering to professional users like market makers, solvers, bridges, and exchanges. Processing approximately $400 million in monthly volume across blue-chip assets and stablecoins, Everclear provides efficient B2B clearing and settlement services to partners like Across, Relay, LI.FI, Eco, and more.
With the introduction of Crosschain Asset Settlement, Everclear offers customizable interoperability solutions to partners, including white-label crosschain deposits, staking, and bespoke flows, enabling effective customer acquisition and liquidity attraction from diverse business segments.
Incubated by Mantle, the mETH protocol operates as a vertically integrated liquid staking and restaking protocol, meeting the demands of DeFi composability and institutional-grade ETH yield access. Supported by major validator and custodian partners like P2P, Kraken Staked, OSL, and Copper, the mETH Protocol has achieved a high total value locked (TVL) of $2.19 billion within its first year of operation. Integrated into treasury frameworks for DAOs and corporations, the protocol serves as a key liquidity and yield layer across over forty leading DeFi and exchange platforms, including Bybit, Ethena, and others.