Everclear, formerly known as Connext Network, operates as a blockchain interoperability protocol built to improve connections among various blockchain networks. The project aims to function as a clearing layer that makes cross-chain transactions both simpler and more secure. Its capabilities enable actions like borrowing assets on one chain and using them on another, thereby boosting the efficiency and usefulness of cross-chain activities. Furthermore, Everclear has launched a native token that serves utility and governance purposes within its ecosystem, underpinning its decentralized governance model.