CLV (CLV) is a Substrate-based DeFi service platform on Polkadot, featuring SPV chain simulation for cross-chain communication. More
| Fully Diluted Valuation | $41.50M |
|---|---|
| 24H Trading Volume | $1.30M |
| 24H Low / High | $0.02 / $ 0.02 |
| Circulating Supply | 1.22 B |
| Total Supply | 2.00 B |
| Max Supply | ∞ |
| Categories | BNB Chain Ecosystem 3 more |
|---|---|
| Founder | Anonymous |
| Website | clv.org Whitepaper |
| Socials | 7 more |
| Chains | Ethereum Ecosystem 1 more |
| Explorer | Ethplorer 5 more |
| Contracts |
0x80c....5bf52
1 more
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| Name | Pair | OG Score |
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Clover (CLV) distinguishes itself as a Substrate-based DeFi service platform on the Polkadot network, introducing several noteworthy features and technological advancements.
Interoperability with SPV Chain Simulation:
Clover incorporates a built-in SPV chain simulation technology, fostering seamless cross-chain communication and trustless two-way pegs between Turing-complete and Non-turing-complete blockchains. This enhances interoperability, offering users expanded connectivity within the decentralized finance space.
EVM Compatibility and Developer Incentives:
A key aspect of Clover is its compatibility with Ethereum's EVM, facilitating the replication and deployment of existing dApps using well-known development tools. The CLV Developer Incentive Program establishes passive income streams for contract developers, creating a mutually beneficial relationship between network maintainers and dApp builders.
Gas Fee Innovation:
Clover introduces a unique gas fee model by redesigning fee economics. The platform employs a smart relayer that acts on behalf of the sender, allowing gas fees to be covered using the same token as the transaction. This innovative approach reduces reliance on the base cryptocurrency, contributing to a more cost-efficient and user-friendly DeFi ecosystem.
Multi-Chain Connected Wallet:
Clover's "always-on" multi-chain connected wallet is a notable feature, enabling users to connect simultaneously with Web3js-based dApps and Polkadotjs-based dApps. This wallet supports various blockchains, including Ethereum, Polkadot, Kusama, Binance Smart Chain, Avalanche, Fantom, and Edgeware.
Clover-Native CLV Token:
The CLV token takes center stage as a cross-chain compatible asset due to the project's 2-way peg bridge technology. This allows for the seamless integration of EVM-based CLV addresses and Polkadot-based CLV addresses, offering users flexibility across both chains.
Governance and Validation:
CLV token holders enjoy governance rights, participating in the election of council members and guiding development through on-chain governance. Additionally, users can stake CLV to validate the network, contributing to the security and stability of the platform.
Incentivizing dApp Builders and Fee Redistribution:
Clover incentivizes dApp builders by automatically sharing a percentage of transaction fees with them. This redistribution mechanism aims to cultivate a productive and innovative environment for DeFi development, aligning the interests of developers and users.
Conclusion:
Clover (CLV) stands out in the DeFi landscape with its emphasis on interoperability, innovative gas fee models, and user-centric features. Its SPV chain simulation technology, EVM compatibility, and governance structures position Clover as a noteworthy player in the evolving decentralized finance ecosystem.
Clover (CLV) stands out for its innovative SPV chain simulation technology, fostering seamless cross-chain communication and trustless two-way pegs, along with an inventive gas fee model, all contributing to an enhanced and user-friendly DeFi experience.
Founder of this project is anonymous.
