The blockchain infrastructure platform built on Polkadot, Clover Finance – focused on cross-chain compatibility for DeFi applications, is revamping itself to CLV signaling a strategic change from finance to everything web3.
Clover Finance, founded in 2020 as a Substrate-based specialized Layer 1 chain that is EVM compatible and cross-chain interoperable Polkadot parachain, rebrands as CLV, which stands for Connectivity, Legible, and Versatile.
Furthermore, the anticipated releases of new versions of Clover Wallet will be also rebranded as CLV Wallet. Clover Chain will become CLV Chain – fulfilling users’ DeFi, Social, Gaming, and any other need in Web3. And the existing token $CLV will remain largely the same.
As it is built with interoperability and cross-chain in its main focus, it aims to reach a wider audience group to provide greater connectivity.
Clover Finance (now CLV) also aims to become a perfect space for newcomers in the crypto space by providing legibility, versatility and easy-to-use Web3 products.
The Substrate-based specialized Layer 1 chain will provide the tools to developers to migrate and scale their applications.
CLV Wallet – supports EVM chains and has features like non-custodial (users can own their private key & control over their funds) and is a multi-chain crypto wallet application.
It also supports Substrate-based chains on Polkadot and Kusama, Solana, and more. CLV Wallet too is available on all mobile, extension, and web platforms.
The announcement by the company read that the team is dedicated to creating a fundamental platform that provides users with decentralized applications via a multi-layer of products and services.
Clover Finance is a project that is working on a Polkadot parachain and a multi-chain crypto wallet app. In December last year, Polkadot had announced the launch of its first Parachains. Clover Finance won Polkadot’s fifth auction with 9,752,487 DOT raised along with Acala, Moonbeam, Astar, Parallel Finance.
