Everclear to Shut Foundation, Labs and Product Development Despite $500 Million Monthly Volume

Everclear’s wind-down has expanded from shutting its foundation, Labs and product development to ending operation of its core UI, protocol, foundation and research lab. The protocol said it has stopped operating, with no funds frozen and the remaining total value locked already withdrawn by users and partners. CLEAR fell more than 48% to $0.0002332 following the update. Everclear said remaining funds will be used to repay debt and could also support a token buyback in the range of $50,000 to $200,000.

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