Dear CLV Community,

This update has been coming for a long time, and we know many of you have been eagerly awaiting greater clarity on our technology roadmap and tokenomics — Now, finally, after strategically planning our comeback and as part of our mission to deliver a more interoperable, robust, and future-ready network, we’re excited to introduce CLV 2.0 — a new era for our ecosystem.

With CLV 2.0, we’re introducing several key advancements.

In addition to building on our continuous effort to upgrade our network to Parallel VM , we are also glad to introduce new protocols that deepen our integration with multiple blockchain networks through chain abstraction.

Furthermore, with this new announcement, we would also like to provide clarity on our tokenomics and explain clearly how it is built to support sustainable growth under current and future market circumstances.

Overall, this is a transformative upgrade, one that reflects our commitment to building a dynamic, user-focused ecosystem and addressing the community’s most pressing questions. With that said — let's now dive into what is coming up next in more detail.

The Objective:

Build a unified and enhanced token infrastructure

With CLV 2.0, we’re excited to take a major step toward a more seamless and user-friendly token experience. At the core of this update is an essential upgrade to our ERC20 token contract, enabling chain abstraction and unifying our token infrastructure across networks. This upgrade will bring together our BSC and ERC20 token contracts into a single, consolidated ERC20 contract — making it easier for everyone to navigate our ecosystem and boosting cross-chain functionality.

Given Binance’s recent move to cease support for BSC CLV tokens, this consolidation is a timely and strategic shift that streamlines token interactions. By unifying our token operations, we’re not only simplifying the experience for our users but also laying the groundwork for a truly multi-chain environment.

This is all part of our mission to make CLV a more interoperable and accessible platform for everyone.

The CLV 2.0 development flywheel:

Building a redefined and vibrant ecosystem

At the heart of CLV 2.0 lies a powerful vision: a dynamic development flywheel designed to fuel liquidity, drive engagement, and spark continuous innovation. Each component of this flywheel works in harmony, creating a self-sustaining cycle that propels growth across the ecosystem. With every interaction, CLV 2.0 strengthens and enriches the platform, setting the stage for an ever-evolving, thriving community.

Key pillars of the CLV 2.0 flywheel:

Chain abstraction for decentralized exchange — Automated Market Maker (aka AMM )& Token Launcher
With CLV 2.0, we’re introducing a powerful decentralized liquidity network (AMM) that makes cross-chain token swaps simple and seamless — no need to rely on centralized exchanges. This AMM offers an intuitive, user-friendly interface that masks the technical complexities of cross-chain transactions, much like what you’d find with Thorchain or Anyswap. By consolidating liquidity within a single platform, CLV 2.0 empowers users to access and trade assets across multiple chains effortlessly, all within one unified experience.

Token launcher
Our token launcher in CLV 2.0 was designed to streamline the creation and management of new tokens on the CLV network. This tool opens the door for new projects to launch within our ecosystem, enriching on-chain activity and bringing fresh assets to the platform. By supporting new token launches, we’re actively stimulating growth and inviting diverse projects to contribute to our ecosystem’s vibrancy.

SocialFi chain abstraction
CLV 2.0 is taking SocialFi to new heights with chain abstraction, allowing for seamless account creation and recovery across popular platforms like X (former Twitter) and Telegram. Inspired by innovations like UXLINK, this integration reduces the friction of joining blockchain applications, making it easier for users to dive into SocialFi. By breaking down entry barriers, we’re driving engagement, fostering community expansion, and making the CLV ecosystem more accessible to a wider audience.

Perpetual decentralized exchange (Perp DEX) — Phase 2
Building on the foundation of our AMM, the Perp DEX in Phase 2 introduces sophisticated trading options, including perpetual contracts, while maintaining our commitment to cross-chain compatibility. By adding this feature, CLV 2.0 not only boosts liquidity and trading volume but also creates a more comprehensive, versatile trading ecosystem. With the Perp DEX, users gain access to a suite of trading tools within the CLV platform, further enhancing engagement and financial opportunity within our ecosystem.

Expanding beyond Polkadot: A multi-chain future
Our chain abstraction strategy is paving the way for CLV to extend its reach to new chains, such as Scroll, Base, Zeta, and Worldchain. This multi-chain expansion requires an upgraded token contract to enable seamless interaction across different networks, supporting our vision of a truly interoperable ecosystem. By widening our reach, we’re positioning CLV as a scalable, inclusive platform capable of adapting to the demands of various blockchain communities.

Together, these pillars position CLV 2.0 as a unified, flexible ecosystem built to support users, developers, and partners alike in an evolving multi-chain world.

Clarifying our tokenomics in a Multi-Chain context

As CLV extends its reach across multiple blockchain networks, we recognize that questions have emerged around our approach to token supply. To align with our multi-chain strategy, our total token supply was set at 2 billion, distributed across ERC20 and BSC networks. This structure provides the liquidity and flexibility needed for seamless cross-chain interactions, supporting our vision of a dynamic and scalable ecosystem shaped by Polkadot’s inflationary model.

Supporting cross-chain infrastructure

By maintaining a token supply across ERC20 and BSC, CLV enables users to interact effortlessly across these networks. This cross-chain distribution allows us to support a wide variety of decentralized applications, empowering both developers and users with enhanced functionality across chains. This approach maximizes flexibility while fostering an ecosystem built for seamless interoperability.

Inflationary model and long-term vision

CLV’s tokenomics are rooted in Polkadot’s inflationary model, which allows for controlled supply adjustments to support network demands. Since 2021, the CLV mainnet has seen inflation rates ranging from 6% to 20%, reinforcing the network’s security and scalability as adoption grows. This inflationary model provides a balanced mechanism to reward participants and secure the ecosystem as usage expands across chains.

While the initial token supply at the Token Generation Event (TGE) was 1 billion, the additional minting on ERC20 and BSC aligns with our commitment to cross-chain operability. This multi-chain token structure supports our mission to build a sustainable, adaptable ecosystem that can cater to a broad range of users and applications across the blockchain space.

Technical adjustments: token supply cap and migration

To clarify our token distribution and supply cap, the initial CLV supply at the Token Generation Event (TGE) was 1 billion tokens, following Polkadot’s inflationary framework, which does not impose a hard cap. Over time, CLV tokens have been distributed across four networks — ERC20, BEP20, CLV Mainnet, and Polkadot Parachain — leading to a gradual increase in the total supply, similar to the inflation seen in Polkadot’s growth from 897 million tokens in 2021 to 1.5 billion in 2024.

The ERC20 and BSC token contracts were initially capped at 1 billion tokens each, giving us a combined total supply cap of 2 billion tokens across these chains. However, with Binance’s recent decision to halt support for the BSC smart contract for CLV, the total available supply cap on exchanges is now effectively limited to 1 billion tokens on ERC20. This change may result in a potential token shortage on ERC20 if all BSC tokens held on Binance are converted to ERC20, a scenario we are monitoring closely to ensure continued liquidity and operability across chains.

To address these structural needs and enhance token management, we are upgrading our ERC20 token contract and consolidating all BSC tokens into ERC20. This upgrade unifies our token infrastructure, paving the way for more streamlined operations and supporting the integration of chain abstraction capabilities.

These enhancements position CLV to deliver a robust, multi-chain ecosystem that enables seamless cross-chain interactions, ultimately driving long-term value for our community and partners. Through this consolidation, we’re building a foundation that not only optimizes liquidity management but also sets the stage for future technological advancements.

Looking ahead: Roadmap highlights for CLV 2.0

The CLV 2.0 roadmap is packed with developments designed to establish a scalable, advanced ecosystem for all stakeholders. Here’s what’s coming up:

• AMM Launch: Our decentralized liquidity network will soon go live, enabling seamless cross-chain swaps and making decentralized finance more accessible to all users.
• Token Launcher: A streamlined tool to help new projects issue tokens on the CLV network, adding diversity to the ecosystem and fueling growth.
• SocialFi Integration: With SocialFi capabilities, we’re making blockchain accessible on familiar platforms like Twitter and Telegram, allowing users to interact with blockchain applications seamlessly.
• ERC20 Token Upgrade and Migration: We’re consolidating our token structure by migrating BSC tokens to ERC20, enhancing cross-chain operability and improving liquidity management.

As earlier stated, these are foundational to CLV’s mission of building a decentralized, interoperable ecosystem that empowers the community and fosters innovation. Through CLV 2.0, we’re creating a future-ready platform that aligns with our long-term vision of a connected, multi-chain DeFi ecosystem.

CLV 2.0: a new era for our ecosystem

CLV 2.0 marks a transformative phase for our ecosystem, enhancing token interoperability and expanding our SocialFi and DeFi capabilities. These updates position CLV to become a leader in multi-chain interactions, pioneering new possibilities in cross-chain DeFi.

As we move forward, we’re deeply grateful for the continuous support and engagement from our community. Your participation fuels our vision, and we’re thrilled to bring you along on this exciting journey. Stay tuned for more updates as we bring CLV 2.0 to life and set a new standard in cross-chain finance.

With CLV 2.0, we’re not just building a platform — we’re creating the foundation for the future of decentralized finance. Thank you for being an essential part of this journey.

Source : Stories by CLV - Nov 13, 2024