Clover provides a foundation layer for DeFi applications to seamlessly operate on. We aim to reduce the development threshold for upper-layer applications, facilitate a gasless transaction layer to simplify the user experience for non-crypto users, and provide a wide range of developer tools from identity-based scripting capabilities to built-in cross-chain interoperability. Clover will combine a large user base and different projects into a one-stop open and integrated financial service platform on Polkadot, using the Polkadot substrate framework. We aim to join as a parachain for Polkadot to achieve a high level of interoperability, and to become a digital finance portal and DeFi service provider on Polkadot. Apart from the foundational layer itself, which is essentially complete, Clover is building various cross-chain wallet implementations from desktop to mobile, allowing users to interact with DeFi applications from various front ends. Clover is powered by the native CLV utility token which serves as gas on the platform, similar to ETH. In our gasless transactions, the ERC tokens which are used for gas will be liquidated into CLV on the market. The Clover EVM is created to attract developers who will further drive adoption and platform fees. CLV also serves as a governance token of the platform, to participate in governance activities for a predetermined set of parameters.
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