Ecosystem

Everclear Staking Overview

Learn everything to know about Everclear staking.

Everclear Staking

Becoming a Token Staker

This introduction to staking on Everclear provides you with everything you need to know about becoming a Clearooor. Let’s explore how Everclear reimagines on-chain payment systems by aligning incentives and how you can become a part of this seamless, scalable payment system by staking your tokens.

Introduction to Everclear Staking

Staking CLEAR

Decades ago, Visa and Mastercard rose to prominence by building cooperative networks with aligned incentives for pooling resources from multiple banks. The result: the establishment of a seamless (albeit centralized) payment system.

Today, Everclear applies the same spirit of coordinated collaboration and aligned incentives to apply it to crosschain liquidity. But instead of seeking to build a centralized monopoly, this new payment system is characterized by decentralization and collective ownership. In this new system, stakers, solvers, and blockchains coordinate together to settle liquidity and transaction flows (across various blockchains and L2 solutions) fast and cost-efficient.

Similar to how Visa and Mastercard unlocked untapped growth potentials in financial transactions, Everclear seeks to build a seamless payment system for the Web3 ecosystem in which incentives are aligned to realize the vision of making crosschain transfers of assets much simpler and cheaper.

The result of Everclear’s efforts: A decentralized, transparent, and open Clearing Layer with aligned incentives where stakers, solvers, and chains collectively coordinate liquidity settlement across blockchains and L2s.

Why Everclear Staking Matters

Exploring the Benefits of Staking

Staking plays a key role in the Everclear ecosystem. Let’s have a look at the positive contributions of staking CLEAR tokens.

Shape crosschain liquidity

By voting on which chains incentives are directed (thus directing liquidity), you shape which chains become faster and cheaper for users seeking to bridge funds.

Govern the Everclear protocol

Token holders can participate in voting on governance proposals of the Everclear DAO.

Earn staking rewards

By staking you earn rewards both in the Everclear token and ETH. Rewards are based on the number of tokens you stake and the duration you stake.

Increase network efficiency

As Everclear’s Clearing Layer grows and the more liquidity is directed to the system, netting rates accelerate, reducing the costs of moving assets across blockchains.

Everclear Rewards

Learn More About Rewards

Everclear employs a dual-reward model for rewards. Let’s have a look at how rewards are generated:

Staking Rewards

Based on amount of tokens staked, lock period, and duration. The more tokens you stake, the longer you lock the tokens, and the longer you stake, the higher your APR.

Volume Rewards

Consist of liquidity rebalancing (your share of the protocol’s liquidity volume based on stake and voting alignment) and ecosystem incentives (volume of voted chain).

Rewards are calculated after each epoch and will be available to claim 1 week following the previous epoch.

How is the Staking APY Calculated?

APY Calculation

The following gives a simplified overview of how the staking APY is calculated:

Combined APY: APY = 6.67E-03 * lock_months + 0.04‍
ETH APY: ETH_APY = min(0.00667 * lock_months, 0.06)‍
CLEAR APY: CLEAR_APY = max(0.00667 * lock_months – 0.02, 0.04)‍

Important: Ethereum rewards have a cap while CLEAR rewards have a floor to ensure fair distribution across all lock durations.

Step-by-Step Guide

Staking Tokens

Tutorial for Learning How to Become a CLEAR Staker

Staking Tokens (Step-by-Step)

Staking Walkthrough

You can stake your tokens via the official website stake.everclear.org/stake. The following provides a detailed step-by-step tutorial on how to stake your tokens.

  1. Choose token amount
    Choose the amount of tokens you want to stake.
  2. Select lock duration
    Select how long you want to lock your tokens. Minimum lock is 3 months, maximum is 24 months. Important: Please keep in mind that early withdrawal will incur a fee. The longer you lock your tokens, the higher the APY you earn and the greater your voting power.
  3. Confirm
    Click on the “Confirm” button and approve the transaction in your wallet.

Voting

Directing Liquidity

Once you have staked your tokens, you can participate in the process of directing liquidity and influencing emissions in the Everclear ecosystem. This is done by voting on the blockchain ecosystem of your choice. With each epoch, you can decide which chain or L2 should receive solver incentives. A higher share of incentives for a given chain attracts a larger number of solvers to that chain, increases liquidity, and in doing so, reduces bridging costs.

Here is a step-by-step walkthrough of the voting process:

  1. Navigate to the staking dashboard
    Please visit stake.everclear.org/voting
  2. Select the chain of your choice
    You can only pick one chain
  3. Vote
    Click on “Vote” to confirm your selection

Important: Please keep in mind that you have to vote each epoch as votes do not carry over to the next epoch. Alternatively, you can also delegate your voting power. More on this in the following.

Delegating

Delegating Your Voting Power

Delegating ones voting power is a good option for stakers who do not wish to actively vote in each epoch. The following walks you through the process of delegating voting power:

  1. Navigate to the delegation page
    stake.everclear.org/delegate
  2. Select a delegate of your choice
    Pick a delegate or insert the wallet address of a delegate
  3. Confirm the transaction
    Delegate your voting power to the delegate of your choice by confirming the transaction in your wallet.

Important: Your voting power is delegated indefinitely until you manually revoke it. Be sure to regularly verify that your delegate is actively participating by voting each epoch. Otherwise, you may not receive rewards.

Claiming Rewards

Claim and Relock your Staking Rewards

Stakers need to manually claim and re-lock their rewards.

Rewards are calculated after each epoch and will be available to claim 1 week following the previous epoch.

Here’s a step-by-step instruction on how you can claim your rewards:

  1. Navigate to the staking dashboard
    stake.everclear.org/voting
  2. Claim rewards
    Click on the “Claim Rewards” button to claim your staking rewards.
  3. Relock staking rewards (optional)
    To keep your rewards compounding, please relock your rewards.

How to Unstake

Unstaking CLEAR

You can unstake your tokens at anytime, but penalties apply if you do so before the locking period has ended. To unstake your tokens simply:

  1. Navigate to the staking dashboard
    stake.everclear.org/voting
  2. Unstake
    Click on the “Unstake” button and confirm the transaction.

The Future is CLEAR

And it Starts With You!

Staking is live and has already contributed to efficiency gains in the Everclear protocol. By staking your CLEAR tokens, you become part of an innovative solution to liquidity settlement, helping to reshape decentralized finance.

Don’t miss out on your opportunity to earn rewards, vote on network params, direct liquidity in the network, and shape the future of the Clearing Layer.

Stake, vote, and earn with Everclear.

Ecosystem