Seamless mETH access from any chain, powered by intent-based settlement.

As digital assets emerge across an expanding universe of chains, a new challenge has emerged: fragmentation of asset representations. The same underlying asset - ETH, for example - now exists in dozens of forms across dozens of chains. For example, ezETH on Base, mETH on Mantle, stETH on Arbitrum. For users, navigating this landscape means liquidity issues, fees, and frustration.

Everclear is changing that.

We're proud to announce that Mantle is our first launch partner for Crosschain Asset Settlement - a new module that enables seamless swaps between different representations of the same asset across chains.

Starting with wETH → mETH swaps from Ethereum, Arbitrum, Base, and Polygon into Mantle.

The Fragmentation Problem

The multichain future is here, but it's messier than anyone anticipated.

Users who want to participate in Mantle's ecosystem face a familiar headache: they hold wETH on Arbitrum, but they need mETH on Mantle. The traditional path involves:

1. Finding a bridge
2. Waiting for confirmations
3. Swapping onchain
4. Paying multiple gas fees
5. Dealing with slippage

This friction doesn't just hurt user experience, it fragments liquidity and creates barriers to ecosystem growth.

Crosschain Asset Settlement: How It Works

Everclear's new module eliminates this complexity through intent-based settlement:

The User Journey:

1. User holds wETH on a supported chain (e.g., Arbitrum)
2. User selects Mantle as destination and mETH as output asset
3. Everclear generates a quote and creates an invoice from the user's intent
4. Solver fills the intent optimistically
5. User receives mETH on Mantle in under 60 seconds - ready to deploy

No slippage. No bridge hunting. No multi-step transactions.

Under the Hood:

Everclear's solver network maintains mETH inventory on Mantle. When a user creates an intent, the solver immediately delivers mETH while receiving wETH on the source chain. The solver then uses Everclear's netting and optimized rebalancing paths to restore inventory at the lowest possible cost.

This architecture means:

• Fast execution: Sub-60-second settlement
• Zero slippage: Intent-based quotes lock in the rate
• Cost efficiency: Netting reduces redundant bridging costs
• Scalability: Additional routes and assets can be added rapidly

Why This Matters for Mantle

Mantle has established itself as a leader in the LST/LRT space with mETH and cmETH - and the ecosystem is thriving. But growth requires onboarding, and onboarding has historically been the hardest part of the user journey.

Crosschain Asset Settlement solves this by:

• Removing the bridge barrier: Users can enter Mantle's ecosystem directly from Ethereum, Arbitrum, Base, or Polygon (and soon more!) without touching a bridge UI
• Enabling chain-abstracted access: mETH becomes accessible from any supported chain in a single transaction
• Accelerating ecosystem growth: Lower friction means higher conversion from intent to action

For users, the experience becomes simple: hold ETH anywhere, access mETH on Mantle instantly.

The Bigger Picture: Multi-Representation Settlement

The wETH ↔ mETH corridor is just the beginning.

As the market continues to fragment - with multiple stablecoin representations (USDC, USDT, USDS, USDe) and ETH derivatives (mETH, stETH, weETH, ezETH) competing across chains - the need for efficient cross-representation settlement only grows.

Everclear's architecture is uniquely positioned to solve this:

• Cross-asset netting: Settlements between USDT and USDC, or wETH and mETH, can be netted against each other
• Higher netting volumes: More asset pairs means more opportunities to match flows and reduce costs
• Universal settlement: A single clearing layer for all representations, all chains

Settlement infrastructure for a multichain world, where asset representation becomes an implementation detail, not a user problem.

Everclear by the Numbers

• $300M+ average monthly volume (past 3 months)
• $2.7B+ total cleared volume
• 1,650% growth in 5 months (from $30M in February)
• 23 chains supported, including non-EVM (Solana, Tron)
• ~0.8 bps average cost per transaction
• 15 min average settlement time
• 30-60 sec priority settlement time

Partners include: Across, Hyperlane, Relay, Particle, Tokka Labs, Puffer Finance, RhinoFi, and more.

What's Next

Mantle marks the first deployment of Crosschain Asset Settlement, but expansion is already underway:

• Additional ETH-based assets: More LST/LRT integrations coming soon
• New chain support: ~6 new chains including Plasma, HyperEVM, and Kaia
• Stablecoin corridors: Cross-representation settlement for USD-based assets

The vision remains consistent: become the most efficient and cost-effective settlement layer for crosschain and cross-asset flows.

Try It Now

Experience seamless wETH → mETH settlement via Everclear's Explorer.

Coming soon to mETH Protocol's native UI.

About Everclear

Everclear (formerly Connext) is an interoperability protocol focused on crosschain settlement and liquidity rebalancing for professional users, including market makers, solvers, bridges, and exchanges. Operating as a highly efficient B2B clearing and settlement layer, Everclear powers leading partners such as Across, Relay, LI.FI, Eco, and others, processing approximately $400M in monthly volume across blue-chip assets and stablecoins.

Everclear recently launched Crosschain Asset Settlement and offers custom interoperability solutions, including white-label crosscchain deposits, staking, and tailored flows - enabling partners to efficiently attract users and liquidity from long-tail chains.

About Mantle

Mantle positions itself as the premier distribution layer and gateway for institutions and TradFi to connect with on-chain liquidity and access real-world assets, powering how real-world finance flows.

With over $4B+ in community-owned assets, Mantle combines credibility, liquidity and scalability with institutional-grade infrastructure to support large-scale adoption. The ecosystem is anchored by $MNT within Bybit, and built out through core ecosystem projects like mETH, fBTC, MI4 and more. This is complemented by Mantle Network’s partnerships with leading issuers and protocols such as Ethena USDe, Ondo USDY, and OP-Succinct.

For more information about Mantle, please visit: mantle.xyz

For more social updates, please follow: Mantle Official X & Mantle Community Channel

About mETH Protocol

mETH Protocol is a vertically integrated liquid staking and restaking protocol incubated by Mantle, operating at the intersection of DeFi composability and institutional-grade ETH yield access. With a peak total value locked (TVL) of $2.19 billion achieved within its first year, mETH Protocol is supported by leading validator and custody partners, including P2P, Kraken Staked, OSL, and Copper. The protocol is embedded across over 40+ leading DeFi and exchange platforms such as Bybit, Ethena, and more, whilst incorporated in treasury frameworks for DAOs and corporates as a core liquidity and yield layer.

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