Everclear (previously Connext Network) is a blockchain interoperability protocol designed to enhance connectivity between different blockchain networks. As a rebranded version of Connext, it aims to serve as a clearing layer that simplifies and secures cross-chain transactions. Everclear's functionality facilitates operations such as borrowing on one blockchain and spending on another, which improves the efficiency and utility of cross-chain interactions. Additionally, Everclear introduces a native token, which is used for both utility and governance within its ecosystem, supporting its decentralized governance structure.