Clover Finance is a platform that provides a shared environment for DeFi applications based on different blockchains. In other words, it is a decentralized bridge connecting DeFis that are located on different chains. The basis for Clover are the Polkadot parachain and Substrate framework that add both speed of transactions and security to the network. Besides that, Clover is also building a browser extension, mobile wallet, and web application.
There are four layers of the Clover Network: a storage layer for the data from DApps, a smart contract layer that deploys smart contracts across the chains, a DeFi protocol layer responsible for storing both existing protocols (lending, swapping, insurance etc.) and protocols built by developers, and an eApp layer that supports external applications.
The token of Clover Finance, CLV, can be used to govern the platform, pay transaction fees, stake to validate transactions (the mechanism known as the proof-of-stake consensus), and deploy smart contracts and decentralized apps. Users can also earn CLV by voting for successful proposals and receiving dividends from the Clover Finance profit.
Clover Finance was founded in 2020 by an experienced team of experts in various fields. Burak Keçeli, a talented programmer, is the lead of the technical side of the project. Operations lead Norelle Ng has extensive experience with both client relations and blockchain. Viven Kirby is a project lead with the architect background at Microsoft.
The goal of Clover Finance is to provide a seamless cross-platform user experience. Clover aims to achieve it by being a bridge connecting several blockchain projects. Another way to create a smooth user experience is to swap gas charges with fees deducted directly from the transaction. These steps should allow millions of new customers to pick up decentralized apps quickly and immensely expand the cryptocurrency market.
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