Clover Finance is a blockchain infrastructure platform built on the Substrate framework, focusing on enhancing cross-chain compatibility and interoperability for DeFi applications. By implementing EVM-based applications, developer tools, Clover Finance Scan, and the Clover Finance multi-chain wallet, Clover Finance aims to provide users with the smoothest and most advanced multi-chain DeFi experience.

The token issued by Clover is CLV, which represents the value of Clover. CLV will serve the following functions:
Staking to maintain its own consensus mechanism.
Serving as transaction fees within the market.
Entitling holders to dividends from Clover’s profits.
Being used in Clover’s governance mechanism for elections and voting.

Detailed Project Overview

Clover Finance provides a foundational layer for DeFi applications to run smoothly. Its goal is to lower the development barrier for upper-layer applications while creating a low-Gas fee layer that simplifies the user experience. It offers a wide range of development tools, from identity-based scripting functionalities to built-in cross-chain interoperability. Using the Substrate framework, Clover Finance integrates a large user base and various projects into a one-stop open financial services platform.

Beyond the foundational layer itself, Clover Finance also builds multi-chain wallets accessible from desktop to mobile devices, catering to users’ multi-level needs for using DeFi applications. The platform token, CLV, acts as the Gas for the Clover Finance platform and empowers the entire ecosystem. In zero-Gas fee transactions, ERC tokens used as Gas fees are liquidated into CLV on the market. The Clover Finance EVM aims to attract developers who can further drive platform usage and fees. Additionally, CLV serves as the governance token for the platform, allowing CLV holders to vote on modifying platform parameters.