Overview
- Users can now convert wETH from Ethereum, Arbitrum, Base, or Polygon directly into mETH on Mantle in one transaction, typically in under a minute.
- Everclear’s solver-based clearing nets cross-chain flows and rebalances inventory to reduce redundant liquidity and lower costs.
- The launch aims to eliminate onboarding friction into Mantle and improve capital efficiency for both retail and institutional users.
- Mantle is the first partner in Everclear’s cross-asset settlement initiative, with plans to add ETH-based assets, stablecoins, and more networks.
- Everclear reports processing roughly $400 million in monthly volume, while Mantle’s mETH Protocol reached a peak TVL of $2.19 billion with broad DeFi and exchange integrations.