Blockchain interoperability platform Connext is rebranding to Everclear as part of a strategic pivot.

Besides the rebrand, the project is developing a “clearing layer” for intent-based bridges, which tackles challenges associated with the rebalancing and settlement of intents.

Everclear will act as the new foundation of the modular stack, using an open network of intent solvers and the Everclear chain, an optimistic rollup.

The so-called clearing layer, functioning as its own blockchain, will serve as a backend liquidity platform that facilitates order matching for intent-based bridges.

In this system, when a user from one blockchain wants to interact with an application on another, they broadcast their intent, allowing solvers to compete to fulfill it for a small fee and provide …