Everclear, a cross-chain settlement protocol that previously said it would wind down operations, has announced a distribution of its remaining treasury funds to eligible token holders. In a post on X, the project said 300,000 USDC left in the treasury will be allocated on a pro rata basis to eligible CLEAR holders as well as holders of unconverted NEXT tokens. The snapshot has already been completed, and claims must be submitted before 22:00 on September 30. To claim, users need to send at least 1 CLEAR or 1 NEXT to a burn address from any chain where the tokens are held. The payout will be calculated based on balances recorded in the snapshot and sent in USDC to the same address on Ethereum. Foresight News had earlier reported that Everclear announced a gradual shutdown in May 2026, covering the foundation, labs, and product development, citing insufficient commercial depth in its cross-chain solver business and an inability to convert transaction volume into meaningful revenue.
Everclear, a cross-chain settlement protocol, said in a post on X that it will distribute the remaining 300,000 USDC in its treasury on a pro rata basis to eligible CLEAR holders and holders of unconverted NEXT tokens.
The project said the snapshot has already been completed, and claims must be made before 22:00 on September 30.
Under the claim process outlined by Everclear, users must send at least 1 CLEAR or 1 NEXT to a burn address from any chain where the token is held. Compensation will be calculated according to balances recorded at the snapshot and paid in USDC to the same address on Ethereum.
Shutdown plan was announced earlier
Foresight News previously reported that Everclear announced a gradual wind-down in May 2026. The shutdown covered the foundation, labs, and product development. The main reason given at the time was that the cross-chain solver business lacked sufficient commercial depth and was unable to convert transaction volume into effective revenue.
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