On October 14, Clovis, a cross-chain settlement layer leveraging Yei Finance’s expertise, will launch its native token, $CLO. A simultaneous IDO, sold out within minutes on Salior and Binance Alpha & Futures platforms, marks a pivotal moment for the project’s efforts to unite liquidity across chains and eliminate a long-standing challenge in DeFi. ⚡️
Currently, lending markets, DEXs, and bridges operate independently, leaving most of the liquidity unused. Clovis is revolutionizing DeFi with a hub-and-spoke model where settlement happens within its main application, while execution takes place on connected chains. This results in one centralized layer powering all essential DeFi functions: lending, swaps, bridging, and yield across different ecosystems.
Clovis sets itself apart as the flagship project in this innovative approach to decentralized finance.