# Overview
Clovis is building the infrastructure to unify fragmented liquidity across chains. Today, lending markets, DEXs, and bridges operate in silos, splitting liquidity across hundreds of deployments and leaving capital underutilized. Clovis solves this by introducing a clearing and settlement architecture: a Clearing Layer on the hub chain executes global logic, while lightweight vaults on connected chains handle custody and settlement locally. This creates a shared pool of liquidity that can be utilized for lending, swapping, and bridging to any chain, effectively turning every deposit into stacked yields across multiple products.
## Pain Points
#### **1. Liquidity fragmentation across chains**
DeFi liquidity is spread across **400+ networks**, thousands of pools, and duplicate protocol deployments. Each new instance of a lending market (e.g., Aave v3, Morpho) or DEX (e.g., Uniswap) launches at **zero liquidity**, resulting in shallow books, higher slippage, and unstable lending and borrowing rates until significant TVL is attracted. As more chains come online, liquidity becomes even thinner, and price discovery becomes fragmented, forcing users and protocols to compromise between the best price and the broadest access.
#### **2. Siloed primitives and incomplete composability**
On most chains, lending, swapping, and bridging operate in isolation, and liquidity in one cannot be reused in another. Even within a single protocol family, risk siloing means liquidity is not shared between deployments. Intra-chain composability, as pioneered by Balancer, Fluid, and Euler, improves efficiency locally but does not extend across deployments or networks. The market lacks architecture that enables opt-in liquidity sharing between systems while preserving clear risk boundaries.
#### **3. Idle liquidity and missed yield**
Buffers and design constraints keep a significant share of capital inactive across major primitives:
* **Lending:** markets typically target around **80-90% optimal utilization** on stables, leaving a large share unborrowed to protect withdrawals and maintain rate stability.
* **Bridging:** Monthly cross-chain volume in 2024 averaged **$1.5–$3.2B**, yet clearing-layer research shows that **\~80% of flows could be netted**, meaning the industry often moves more liquidity than necessary to achieve final balances.
* **DEXs (AMMs/CLMMs):** Liquidity is only engaged during trades. Out-of-range positions and quiet intervals keep LP funds under-utilized despite concentrated liquidity advances.
The result is lower realized APRs for LPs, higher execution costs for traders, and slower growth for protocols in a yield-driven ecosystem.
#### **4. The cold-start trap for new networks**
Without day-one access to core DeFi primitives such as DEXs, lending markets, and instant bridging, new L1s and L2s struggle to attract users, TVL, and developers. These primitives themselves need liquidity and activity to function. This creates a bootstrap bottleneck where ecosystems stall before reaching the depth needed for competitive pricing, robust market activity, and sustainable growth.
## Solutions
#### **1. Liquidity fragmentation across chains → Shared liquidity across products and chains**
Clovis implements a hub-and-spoke architecture with **Sei Network** as the unified liquidity hub. Lending, DEX, and bridge users on spoke chains access the same shared liquidity through lightweight vault contracts. This eliminates the need to bootstrap siloed liquidity for every new deployment, allowing immediate depth and pricing efficiency across the network.
#### **2. Siloed primitives and composability gaps → Vertically integrated yield surfaces**
Clovis integrates **lending** (Clovis Market), **trading** (Clovis Exchange), and **bridging** (Clovis Transport) into a single system backed by a global TVL base. Liquidity providers can opt into multi-function strategies that allocate capital across lending, swapping, and bridging according to their risk preferences.
Example: A depositor supplies assets to Clovis Market, earning lending, bridging, and asset management fees, then reuses those same assets as LP positions in Clovis Exchange to capture swapping fees on top.
#### **3. Idle liquidity and missed yield → Liquidity stacking and intent-based routing**
Clovis enables liquidity to generate returns across multiple layers simultaneously by stacking lending, LP, and bridging yields. A dynamic rebalancing system monitors vaults for minimum and maximum thresholds. When triggered, it reallocates assets from chains with surplus capital to those with shortages, using the most efficient route available — third-party bridges such as **deBridge** and **Mayan**, or canonical options like **CCTP** and **OFT** transfers.
Clovis also benefits from netting, where offsetting flows reduce the need for physical asset movement. Research by Everclear shows that up to **70%** of bridging activity nets out, meaning Clovis can act as a clearing layer that minimizes cross-chain transfers while maintaining productive liquidity.
#### **4. Cold-start problem for new chains → Plug-and-play DeFi infrastructure**
Clovis provides emerging L1 and L2 networks with immediate access to lending, trading, and bridging through a single integration. By offering universal lending rates and DEX pricing, Clovis improves capital efficiency and enables local rate and price arbitrage. New ecosystems can tap into existing liquidity and user flows without the time and cost of building foundational DeFi primitives from scratch, accelerating early-stage growth.
# Architecture
Clovis introduces a new smart contract architecture that separates accounting logic from liquidity settlement. The Settlement layer handles asset custody via lightweight vaults, while the Clearing Layer on the Sei network manages global accounting, executes shared financial logic, and also holds liquidity buffers that can be deployed to efficiently rebalance the Settlement Layer when its local reserves fall below a threshold.
## **The Clearing and Settlement Layers**
At the core is the Clovis Clearing Layer, deployed on the highly performant Sei network, which serves as the canonical global ledger. It maintains all accounting logic (global balances, utilization, risk math, and price curves) and governs the three core primitives: Clovis Market (lending), Clovis Exchange (trading), and Clovis Transport (bridging). The Clearing Layer sets universal interest rates and pricing curves, ensuring consistent economic logic across all chains.
Meanwhile, the Liquidity Settlement Layer features lightweight vaults deployed on all connected chains. These vaults hold the actual tokens and fulfill user actions locally (such as borrows, swaps, and transfers) based on instructions and validation from the hub.
By decoupling “books” from “cash”, Clovis enables:
* **Universal Swap Liquidity**: assets deposited from any chain become part of a global TVL pool
* **Market Maximization:** lending capital can be used for Clovis main market, local money markets, and in the future, curated markets which can list main market receipt tokens for metapools.
* **Opt-In just-in-time reuse**: users can choose to allow their liquidity to back multiple primitives simultaneously (lending, trading, bridging), thereby improving overall capital efficiency and yield.
### Clearing Layer
**Sei Network**
The central coordinator is responsible for core functions, including liquidity management, interest rate/price calculations, and rebalancing. Sei network’s sub-second finality enables ultra-fast processing and settlement, ensuring efficient dispatch of assets to the Settlement layer.
**Clearing Layer as an Accounting Layer**
The Sei network, acting as the Clearing layer, serves as the central layer for all calculations and accounting within the Clovis system. It handles:
* **User’s Global balance** within the Clovis Ecosystem
* **Money Market Calculations**: Computes critical metrics such as users’ health factors (a measure of their loan-to-value ratio) and borrowing power (the amount they can borrow based on their collateral).
* **Exchange Calculations**: Determines the automated market maker (AMM) price for trading pairs in Exchange’s liquidity pools, ensuring consistent pricing across the network.
By centralizing these calculations, Clovis ensures that all financial computation and logic—whether for lending or trading—is uniform and accurate, regardless of the chain where user interactions occur.
### Settlement Layer
**Settling assets and transactions across: Ethereum, Arbitrum, Base, BNB Chain, and more.**
Handle chain-specific user interactions, such as deposits, withdrawals, trades, and asset transfers, while maintaining real-time synchronization with the layer.
**Spoke Chain + Liquidity Buffers power the Settlement Layer.**
While the Clearing Layer manages accounting, the actual delivery of tokens to users (settlement) occurs locally on the Spoke chains of the Settlement Layer (e.g., Arbitrum, Base, Ethereum). Each Spoke chain maintains a **liquidity buffer** that facilitates instant settlements. After the Clearing Layer performs its calculations (e.g., determining the outcome of a trade or loan), it instructs the Settlement layer’s liquidity buffer to deliver the appropriate tokens to the user. This separation minimizes cross-chain asset movement, reducing latency and gas costs.
# Mechanism
## **Rebalance mechanism**
Clovis employs a **multi-layered liquidity optimization strategy** that operates across all supported chains. The protocol's **cross-chain rebalancing mechanism** automatically maintains optimal fund distribution across the entire network, while **local reserves** utilize safety coefficients to ensure sufficient liquidity for emergency withdrawals on each chain.
Within each local reserve, a dedicated allocation coefficient enables the **automated investment of idle funds into carefully vetted same-chain protocols** to generate passive yields. The protocol implements stringent risk management criteria: investment amounts cannot exceed safe percentage thresholds of target protocols' TVL, all positions maintain immediate liquidity without lock-up periods, and continuous mempool monitoring enables preemptive fund recovery before potential protocol emergencies.
This architecture enables users to deposit into Clovis and **automatically receive proportional yields from the entire cross-chain ecosystem,** without needing to understand the underlying complexities or track individual chain performance differences. All yields are aggregated across chains and distributed proportionally based on users' fund contributions, creating a unified, hands-off yield generation experience.
### **Penalty and Incentive program (Embedded in the Rebalance mechanism)**
Clovis implements a sophisticated **hub-and-spoke architecture** that maintains optimal liquidity distribution across multiple chains through dynamic rebalancing mechanisms. The protocol establishes three critical liquidity thresholds: **Rmin**, **Ropt**, and **Rmax** to ensure efficient capital allocation while minimizing bridging costs.
#### **Penalty structure**
The system employs a **tiered penalty framework** that activates when user transactions push spoke chain liquidity ratios below optimal levels. When the post-transaction ratio falls below Ropt, users incur skew penalties calculated using the formula: **`Penalty = Amount × Alpha × (Ropt - Rpost) ^ Beta`**, where Alpha & Beta = positive constant.
**Penalty severity scales with liquidity imbalance:**
1. **Above Ropt**: No penalty
2. **Between Rmin and Ropt**: Moderate penalty with partial incentive allocation
3. **Below Rmin**: Maximum penalty with forced rebalancing
#### **Phased incentive evolution**
In the long run, the incentive program operates on a **"shortfall-based distribution"** model, calculating the exact liquidity deficit as **`(Ropt - Rpost) × Global TVL`**. New deposits up to this shortfall amount share the accumulated penalty pool proportionally through automatic airdrops, creating immediate economic incentives for rebalancing behavior.
### **Risk management**
Critical safeguards include **forced bridging triggers** when ratios breach minimum thresholds, **mempool monitoring** for protocol security, and **manual override capabilities** for exceptional circumstances. The system maintains strict bridging cost caps at a specific basis points, ensuring rebalancing operations remain economically viable while preserving user experience through immediate local liquidity access.
### **Five-step information flow with messaging thresholds**
Clovis employs a **sophisticated five-step information flow system** with multiple messaging thresholds (an **N/M multi-threshold consensus model** to ensure the safety and reliability of cross-chain asset settlement) to ensure secure and efficient cross-chain operations. This system provides users with real-time updates on transaction progress across different blockchain networks, enhancing transparency and user experience during cross-chain operations
# Tokenomics
The CLO token underpins governance, incentives, and value capture across the Clovis ecosystem. Its design aligns tokenholder interests with protocol growth, liquidity depth, and network security.
1. **Governance via veCLO; Gauge Voting and Emission Control**
* Lock CLO to mint vote escrowed veCLO. Voting power rises with the product of the amount and the lock duration.
* veCLO holders steer gauge weights, protocol parameters, treasury spending, protocol integrations, and upgrades.
* Each epoch, veCLO votes decide how CLO emissions are distributed across pools on Clovis and Yei products.
* This fosters competitive "gauge wars" as protocols offer incentives to veCLO voters to attract liquidity.
* Projects stake or bid CLO to list assets on Clovis. Successful listings unlock cross-chain distribution across all integrated networks. This mechanism curates quality and generates demand.
2. **Fee Sharing and Boosted Yield**
* Historical traction: Yei generated $5.5M in protocol revenue from YeiLend and YeiSwap over the past year.
* Forward outlook: Clovis targets $15.38M in annualized revenue by 2026 existing market conditions and adoption assumptions.
3. **Discounted Fee Payment**
* Users who pay trading, borrowing, or bridging fees in CLO receive protocol-level discounts, driving organic utility.
4. **Staking for Execution Security for Clovis Messaging (Roadmap)**
* Executors and messaging operators will bond CLO. Misbehavior triggers slashing.
5. **Strategic Exposure to Cross-Chain Liquidity Growth**
* CLO enables holders to capture governance power and a fee share as Clovis scales to aggregate the $200B+ DeFi TVL across more than forty modular rollups and chains, positioning it as core market infrastructure.
# Legal
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[Privacy Policy](/clovis/legal/privacy-policy)
{% endcontent-ref %}
{% content-ref url="/pages/TP87bUSdNInGjaDweX8x" %}
[Terms of Use](/clovis/legal/terms-of-use)
{% endcontent-ref %}
# Terms of Use
Effective Date: Aug 25, 2025
## Welcome to Clovis
These Terms of Use ("Terms") govern your access to and use of both our [Clovis website](https://www.clovis.network/) and the Clovis Interface (collectively referred to as the "Services"). The Services are brought to you by Clovis.
Clovis offers in-depth insights into Clovis, our innovative decentralized financial platform. Clovis utilizes open-source, self-executing smart contracts deployed across various permissionless public blockchains to facilitate secure and transparent financial transactions. This architecture not only enhances user autonomy by eliminating the need for traditional custodial services but also ensures that all operations are executed transparently and immutably, fostering trust and reliability in financial dealings.
The Clovis Interface, which is hosted on IPFS, is an independent interface providing one of the available applications through which users, via their self-custodial wallets, interact with Clovis.
**ARBITRATION NOTICE:** THESE TERMS CONTAIN AN ARBITRATION CLAUSE. EXCEPT FOR SPECIFIC TYPES OF DISPUTES DESCRIBED IN THE ARBITRATION CLAUSE, YOU AND WE AGREE TO RESOLVE DISPUTES THROUGH MANDATORY BINDING ARBITRATION. YOU ALSO WAIVE THE RIGHT TO PARTICIPATE IN A CLASS-ACTION LAWSUIT OR CLASS-WIDE ARBITRATION.
**You Are Entering Into a Binding Agreement.**
BY ACCESSING OR USING OUR SERVICES—INCLUDING OUR WEBSITES, APPLICATIONS, AND OTHER SERVICES THAT LINK TO THESE TERMS, AS WELL AS ANY INFORMATION, TEXT, LINKS, GRAPHICS, PHOTOS, AUDIO, VIDEO, OR OTHER MATERIALS STORED, RETRIEVED, OR APPEARING THEREON (COLLECTIVELY, THE “SERVICES”)—YOU ARE ENTERING INTO A BINDING AGREEMENT WITH US THAT INCLUDES THESE TERMS, OUR PRIVACY POLICY, AND OTHER REFERENCED POLICIES.
To the extent that there is a conflict between these Terms and any applicable additional terms, these Terms will control unless expressly stated otherwise. If you don't agree with these Terms, you may not use the Services.
***
## Use of the Services
**Clovis Network is an informational resource about Clovis; however, it is not the exclusive or sole source.**
All information provided in connection with your access and use of the Services is intended for informational purposes only. While we strive to provide accurate and reliable information, we cannot guarantee the accuracy, completeness, or timeliness of the information provided. It is possible that the information may be outdated or subject to errors or omissions. You should not take, or refrain from taking, any action based on any information contained in our Services, including any developer documentation or other information that we make available.
**Users retain full control over their crypto assets.**
It is important to understand that neither we nor any affiliated entity is a party to any transaction on the blockchain networks underlying Clovis; we do not have possession, custody, or control over any crypto assets or any user’s funds. You understand that when you interact with Clovis, you retain control over your crypto assets at all times.
**Users use third-party self-custodial wallets to interact with Clovis; we have no control or guarantee over the wallets.**
To interact with Clovis using the Interface, you will need to connect and engage with it through your self-custodial wallet. It's essential to understand that your self-custodial wallet is provided by a third-party entity and is generally governed by separate terms and conditions set by the respective third-party service provider. Reviewing and comprehending the terms and conditions associated with your chosen self-custodial wallet provider to ensure compliance and to be aware of any applicable charges or risks is your sole responsibility.
**We are not intermediaries to Clovis transactions.**
Due to the non-custodial and decentralized nature of the technology, we are not intermediaries, agents, advisors, or custodians, and we do not have a fiduciary relationship or obligation to you regarding any other decisions or activities that you affect when using our Services.
**We have no information about all Clovis transactions beyond what is publicly available via the blockchain.**
You acknowledge that we do not have information regarding all Clovis transactions beyond what is available or obtainable publicly via the blockchain. However, we may collect information regarding the users of the Services in accordance with our Privacy Policy.
**There may be associated blockchain fees.**
Transactions using blockchains may require the payment of gas fees, which are essentially network transaction fees paid on every transaction that occurs on the selected blockchain network. Please note that gas fees are non-refundable. We do not provide any services to users or deliver, hold, and/or receive payment for crypto assets. We do not receive any fees for any transactions or the Services.
**You understand that the Interface is hosted on a decentralized infrastructure for storing and accessing data and content, IPFS.**
The Interface is hosted on the InterPlanetary File System ("IPFS"), a decentralized and distributed network protocol allowing for the storage and retrieval of files in a peer-to-peer manner, utilizing a distributed network of computers rather than relying on a central server. This means that the Interface's files are not stored in a single location but are instead spread across multiple nodes within the IPFS network.
***
## Assumption of Risk
**The technologies we use, including blockchain and smart contracts, are inherently risky. You acknowledge these risks and agree not to hold Clovis liable for any related losses.**
Technologies such as smart contracts on various blockchains, cryptographic tokens generated by the smart contracts, and other nascent software, applications, and systems that interact with blockchain-based networks are experimental, speculative, inherently risky, and subject to change. Among other risks, bugs, malfunctions, cyberattacks, or changes to the applicable blockchain (e.g., forks) could disrupt these technologies and even result in a total loss of crypto assets, their market value, or digital funds. We assume no liability or responsibility for any such risks. If you are not comfortable assuming these risks, you should not access or engage in transactions using blockchain-based technology.
**We are not liable for any third-party services or links.**
We are not responsible for the content or services of any third-party, including, without limitation, any network or apps like Discord or MetaMask, and we make no representations regarding the content or accuracy of any third-party services or materials. The use and access of any third-party products or services, including through the Services, are at your own risk. Please note that we do not have control over third-party services. Consequently, we cannot guarantee, endorse, or recommend such content or services to users of Clovis, nor can we endorse their use for any specific purpose.
**You agree to the automated collection and disbursement of proceeds by smart contracts.**
You acknowledge and agree that all transactions accessed through the blockchain-based networks will be automatically processed using one or more smart contracts. By engaging in transactions using the Services, you acknowledge and consent to the automatic processing of all transactions in connection with using the Services. You further acknowledge and agree that the applicable smart contract will dictate how the funds of a transaction and ownership of crypto assets are distributed.
**You acknowledge the risks of using the Services.**
You bear sole responsibility for evaluating the Services before using them, and all transactions on the blockchain are irreversible, final, and without refunds. The Services may be disabled, disrupted, or adversely impacted as a result of sophisticated cyber-attacks, surges in activity, computer viruses, and/or other operational or technical challenges, among other things. We disclaim any ongoing obligation to notify you of all the potential risks of using and accessing our Services. You agree to accept these risks and agree that you will not seek to hold Clovis responsible for any consequent losses.
**You are solely responsible for the security of your self-custodial wallet.**
You understand and agree that you are solely responsible for maintaining the security of your self-custodial wallet. It is your duty to safeguard your private keys, as we do not have access to them. Any unauthorized access to your self-custodial wallet by third parties could lead to the loss or theft of crypto assets or funds held in your account and any associated accounts. You acknowledge that we have no control over, nor involvement in managing or securing your self-custodial wallet. You further acknowledge that the private key associated with your wallet address is the only mechanism that controls access to your crypto assets and their transfer via smart contracts. We urge you to take all necessary security measures to protect your private keys and ensure that your wallet remains secure against unauthorized access or cyber threats.
**You Are Solely Responsible for Wallet Security.**
You understand and agree that you are solely responsible for maintaining the security of your self-custodial wallet. It is your duty to safeguard your private keys, as we do not have access to them. Any unauthorized access to your self-custodial wallet by third parties could lead to the loss or theft of crypto assets or funds held in your account. We have no control over, nor involvement in managing or securing your self-custodial wallet. The private key associated with your wallet address is the only mechanism that controls access to your crypto assets and their transfer via smart contracts. Take all necessary security measures to protect your private keys and ensure your wallet remains secure against unauthorized access or cyber threats.
**We reserve the right to restrict your access from engaging with the Services.**
You agree that we have the right to restrict your access to the Services via any technically available methods if we suspect, in our sole discretion, that (a) you are using the Services for money laundering or any illegal activity; (b) you have engaged in fraudulent activity; (c) you have acquired crypto assets using inappropriate methods, including the use of stolen funds to purchase such assets; (d) you are the target of any sanctions administered or enforced by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), the United Nations Security Council, the European Union, Her Majesty’s Treasury, or any other legal or regulatory authority in any applicable jurisdiction; (e) either you, as an individual or an entity, or your wallet address is listed on the Specially Designated Nationals and Blocked Persons List (“SDN List”), Consolidated Sanctions List (“Non-SDN Lists), or any other sanctions lists administered by OFAC; (f) you are located, organized, or resident in a country or territory that is, or whose government is, the subject of sanctions, including but not limited to Côte d’Ivoire, Cuba, Belarus, Iran, Iraq, Liberia, North Korea, Sudan, and Syria; or (g) you have otherwise acted in violation of these Terms. If we have a reasonable suspicion that you are utilizing the Services for illegal purposes, we reserve the right to take whatever action we deem appropriate.
**We do not guarantee the quality or accessibility of the Services.**
As a condition to accessing or using the Services, you acknowledge, understand, and agree that from time to time, the Services may be inaccessible or inoperable for any reason, including, but not limited to equipment malfunctions, periodic maintenance procedures or repairs, causes beyond our control or that we could not reasonably foresee, disruptions and temporary or permanent unavailability of underlying blockchain infrastructure or unavailability of third-party service providers or external partners for any reason.
You acknowledge and agree that you will access and use the Services at your own risk. You should not engage in blockchain-based transactions unless it is suitable given your circumstances and financial resources. By using the Services, you represent that you have been, are, and will be solely responsible for conducting your own due diligence into the risks of a transaction and the underlying smart contracts and crypto assets.
***
## Taxes
**You are responsible for your taxes and duties.**
Users bear sole responsibility for paying any and all taxes, duties, and assessments now or hereafter claimed or imposed by any governmental authority associated with their use of the Services and/or payable as a result of using and/or exploiting any crypto assets and interacting with smart contracts. Blockchain-based transactions are novel, and their tax treatment is uncertain.
***
## Ownership
**We grant you a limited license to access and use our Services according to these Terms.**
**We retain all rights not expressly granted to you in these Terms.**
We own all rights, title, and interest in and to the Services, including all copyrights in any content, code, data, or other materials accessed or used through the Services. Except as explicitly stated in these Terms, your use of or access to the Services does not grant you any ownership or other rights therein.
**We may use and share your feedback.**
Any comments, bug reports, ideas, or other feedback that you may provide about our Services, including suggestions about how we might improve our Services, are entirely voluntary. You agree that we are free to use or not use any feedback that we receive from you as we see fit, including copying and sharing such feedback with third parties, without any obligation to you.
***
## Prohibited Content
You may only use the Services if you comply with this Agreement, applicable third-party policies, and all applicable laws, rules, regulations, and related guidance. The following conduct is prohibited:
* Using the Services for, or to promote or facilitate, illegal activity (including, without limitation, money laundering, financing terrorism, tax evasion, buying or selling illegal drugs, contraband, counterfeit goods, or illegal weapons)
* Exploiting the Services for any unauthorized commercial purpose
* Uploading or transmitting viruses, worms, Trojan horses, time bombs, cancel bots, spiders, malware, or any other type of malicious code that will or may be used in any way that will affect the functionality or operation of the Services
* Attempting to or actually copying or making unauthorized use of all or any portion of the Services, including by attempting to reverse compile, reformatting or framing, disassemble, reverse engineer any part of the Services
* Harvesting or otherwise collecting information from the Services for any unauthorized purpose
* Using the Services under false or fraudulent pretenses or otherwise being deceitful
* Interfering with other users’ access to or use of the Services
* Interfering with or circumventing the security features of the Services or any third party’s systems, networks, or resources used in the provision of Services
* Engaging in any attack, hack, denial-of-service attack, interference, or exploit of any smart contract in connection with the use of the Service (and operations performed by a user that are technically permitted by a smart contract may nevertheless be a violation of our Agreement, including these Terms, and the law)
* Engaging in any anticompetitive behavior or other misconduct
**Violating our rules may result in our intervention.**
You agree and acknowledge that if you use the Services to engage in conduct prohibited by applicable law, we permanently reserve the right to completely or partially restrict or revoke your access to the Services, either completely or for a period of time, at our sole discretion.
We reserve the right to amend, rectify, edit, or otherwise alter transaction data to remediate or mitigate any damage caused either to us or to any other person as a result of a user’s violation of this Agreement or applicable law.
**We reserve the right to investigate violations.**
We reserve the right to investigate and prosecute any suspected breaches of this Agreement, including the Terms. We may disclose any information as necessary to satisfy any law, regulation, legal process, or governmental request.
***
## Disclaimers and Limitations of Liability
THE SERVICES ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS. WE AND OUR PARENTS, SUBSIDIARIES, AFFILIATES, RELATED COMPANIES, OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, REPRESENTATIVES, PARTNERS, AND LICENSORS (COLLECTIVELY, THE “CLOVIS INDEMNIFIED PARTIES”) MAKE NO GUARANTEES OF ANY KIND IN CONNECTION WITH THE SERVICES. TO THE MAXIMUM EXTENT PERMITTED UNDER APPLICABLE LAW, THE CLOVIS INDEMNIFIED PARTIES DISCLAIM ALL WARRANTIES AND CONDITIONS, WHETHER EXPRESS OR IMPLIED, OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT AND DISCLAIM ALL RESPONSIBILITY AND LIABILITY FOR:
* The Services being accurate, complete, current, reliable, uninterrupted, timely, secure, or error-free. Information (including, without limitation, the value or outcome of any transaction) available through the Service is provided for general information only and should not be relied upon or used as the sole basis for making decisions. Any reliance on the Services is at your own risk.
* Injury or damage resulting from the Services. For example, you expressly acknowledge, understand, and agree that the Services may contain audio-visual effects, strobe lights, or other materials that may affect your physical senses and/or physical condition. Further, you expressly acknowledge that the Clovis Indemnified Parties are not responsible for loss or damage caused by another user’s conduct, unauthorized actors, or any unauthorized access to or use of the Services.
* Viruses, worms, Trojan horses, time bombs, cancel bots, spiders, malware, or other type of malicious code that may be used in any way to affect the functionality or operation of the Services.
**Limitation of Liability.**
TO THE MAXIMUM EXTENT PERMITTED BY LAW, NO CLOVIS INDEMNIFIED PARTY SHALL BE LIABLE TO YOU FOR ANY LOSS, DAMAGE, OR INJURY OF ANY KIND, INCLUDING DIRECT, INDIRECT, SPECIAL, INCIDENTAL, EXEMPLARY, CONSEQUENTIAL, OR PUNITIVE LOSSES OR DAMAGES, OR DAMAGES FOR SYSTEM FAILURE, MALFUNCTION, LOSS OF PROFITS, DATA, USE, BUSINESS, GOODWILL, OR OTHER INTANGIBLE LOSSES, ARISING OUT OF OR IN CONNECTION WITH:
* The Services or your inability to use or access the Services
* Misuse of the Services (including unauthorized access)
* Any user conduct on the Services
* Termination, suspension, or restriction of access to any of the Services
In addition, no Clovis Indemnified Party shall be liable for any damages caused in whole or in part by:
* User error, such as forgotten passwords or incorrectly constructed smart contracts or other transactions
* Server failure or data loss
* The malfunction, unexpected function, or unintended function of the blockchain, any computer or crypto asset network (including any wallet provider), including without limitation losses associated with network forks, replay attacks, double-spend attacks, Sybil attacks, 51% attacks, governance disputes, mining difficulty, changes in cryptography or consensus rules, hacking, or cybersecurity breaches
* Any change in value of any crypto asset
* Any change in law, regulation, or policy
* Events of force majeure
* Any third party
This limitation of liability is intended to apply without regard to whether other provisions of these Terms have been breached or have proven ineffective.
The limitations set forth in this section shall apply regardless of the form of action, whether the asserted liability or damages are based on contract, indemnification, tort, strict liability, statute, or any other legal or equitable theory, and whether or not the Clovis Indemnified Parties have been informed of the possibility of any such damage.
In no event will the Clovis Indemnified Parties’ cumulative liability to you or any other user, from all causes of action and all theories of liability exceed one thousand U.S. dollars (U.S. $1,000.00).
***
## Indemnification
You agree to indemnify, defend, and hold harmless the Clovis Indemnified Parties from any claim or demand, including reasonable attorneys’ fees, made by any third party due to or arising out of:\
(a) Your breach or alleged breach of the Agreement (including, without limitation, these Terms);\
(b) Anything you contribute to the Services;\
(c) Your misuse of the Services, or any smart contract and/or script related thereto;\
(d) Your violation of any laws, rules, regulations, codes, statutes, ordinances, or orders of any governmental or quasi-governmental authorities;\
(e) Your violation of the rights of any third party, including any intellectual property right, publicity, confidentiality, property, or privacy right;\
(f) Your use of a third-party product, service, and/or website; or\
(g) any misrepresentation made by you.
We reserve the right to assume, at your expense, the exclusive defense and control of any matter subject to indemnification by you. You agree to cooperate with our defense of any claim. You will not in any event settle any claim without our prior written consent.
***
## Arbitration Agreement and Waiver of Rights, Including Class Actions
**PLEASE READ THIS SECTION CAREFULLY: IT MAY SIGNIFICANTLY AFFECT YOUR LEGAL RIGHTS, INCLUDING YOUR RIGHT TO FILE A LAWSUIT IN COURT AND TO HAVE A JURY HEAR YOUR CLAIMS. THIS SECTION CONTAINS PROCEDURES FOR MANDATORY BINDING ARBITRATION AND A CLASS ACTION WAIVER.**
**Agreement to Attempt to Resolve Disputes Through Good Faith Negotiations**
Before commencing any legal proceeding against us, including arbitration, you and we agree to first attempt to resolve any dispute by engaging in good faith negotiations. This process requires written notice specifying the nature of the dispute and a meeting via videoconference or telephone within 60 days to attempt resolution. If unresolved, mediation or arbitration may follow.
**Agreement to Arbitrate**
Any dispute, controversy, difference, or claim arising out of, relating to, or in connection with this contract, or the breach, termination, or invalidity thereof, shall be finally settled by arbitration referred to the Chinese Arbitration Association, Taipei, in accordance with the Association's arbitration rules. The Seat of arbitration shall be Taipei, Taiwan. The language of arbitration shall be English. The arbitrator must be familiar with Internet technology and blockchain. The arbitral award shall be final and binding upon both parties.
***
## Waiver of Injunctive or Other Equitable Relief
TO THE MAXIMUM EXTENT PERMITTED BY LAW, YOU AGREE THAT YOU WILL NOT BE PERMITTED TO OBTAIN AN INJUNCTION OR OTHER EQUITABLE RELIEF THAT MIGHT INTERFERE WITH OR PREVENT THE DEVELOPMENT OR EXPLOITATION OF ANY CLOVIS SERVICES, OR RELATED WEBSITE, APPLICATION, OR INTELLECTUAL PROPERTY.
***
## Termination; Cancellation
This Agreement is effective unless and until terminated by either you or us. You may terminate your Agreement with us at any time by ceasing all access to the Services. If, in our sole judgment, you fail, or we suspect that you have failed, to comply with any term or provision of the Agreement (including without limitation any provision of these Terms), we reserve the right to terminate our Agreement with you and deny you access to the Services.
We further reserve the right to restrict your access to the Services or to stop providing you with all or a part of the Services at any time and for no reason, including, without limitation, if we reasonably believe:\
(a) your use of the Services exposes us to risk or liability;\
(b) you are using the Services for unlawful purposes; or\
(c) it is not commercially viable to continue providing you with our Services.
All of these are in addition to any other rights and remedies that may be available to us, whether in equity or at law, all of which we expressly reserve.
WE RESERVE THE RIGHT TO MODIFY THE SERVICES AT ANY TIME, BUT WE HAVE NO OBLIGATION TO UPDATE THE SERVICES. YOU AGREE THAT IT IS YOUR RESPONSIBILITY TO MONITOR CHANGES TO THE SERVICES THAT MAY AFFECT YOU. YOU AGREE THAT WE MAY REMOVE THE SERVICES AND/OR ANY CONTENT THEREON FOR INDEFINITE PERIODS OF TIME OR CANCEL THE SERVICES AT ANY TIME, WITHOUT NOTICE TO YOU.
***
## Severability
If any provision of the Agreement (including, without limitation, these Terms) is determined to be unlawful, void, or unenforceable, such provision shall nonetheless be enforceable to the fullest extent permitted by applicable law, and the unenforceable portion shall be deemed to be severed from the Agreement. Such determination shall not affect the validity and enforceability of any other remaining provisions.
***
## Assignment
This Agreement may be assigned by us without your consent but not by you without our written consent.
The Agreement (including, without limitation, these Terms) may be assigned without your prior consent to any Clovis Indemnified Party, or to its successors in the interest of any business associated with the Services provided by us. You may not assign or transfer any rights or obligations under the Agreement without our prior written consent.
***
## Entire Agreement
The Agreement (including, without limitation, these Terms, and the Privacy Policy) and any policies or operating rules posted by us on the Services constitute the entire agreement and understanding between you and us and govern your use of the Services, superseding any prior or contemporaneous agreements, communications, and proposals, whether oral or written, between you and us (including, but not limited to, any prior versions of these Terms).
Any failure by us to exercise or enforce any right or provision of the Agreement (including, without limitation, these Terms) shall not constitute a waiver of such right or provision.
***
## Governing Law
These Terms and any separate agreements whereby we provide you Services shall be governed by and construed in accordance with the laws of Taiwan.
***
## Contact Us
For any inquiries regarding the use of the Services, please reach out to us at: [**support@clovis.network**](mailto:support@clovis.network)
# Privacy Policy
Clovis operates in a decentralized and permissionless manner. Although we may collect and process information about users of [https://clovis.network](https://clovis.network/) or the Interface in accordance with this Privacy Policy, we do not have information about all protocol users beyond what is publicly available and recorded on the blockchain.
This Privacy Policy ("Privacy Policy") explains how Clovis ("we," "our," or "us") collects, uses, and shares information in connection with our Services, as well as your rights and choices regarding such information. These terms apply to Clovis, the Interface, and any other online location that links to this Privacy Policy (collectively, the "Services").
By using the Services, you agree to our collection, use, and sharing of your information as described in this Privacy Policy. If you do not agree with the Terms of Use, you should not use or access the Interface or the Services.
This Privacy Policy (the "Privacy Policy") explains how Clovis ("we," "our," or "us") collects, uses, and shares information in connection with our Services as well as your rights and choices regarding such information. These terms apply to Clovis and the Interface and any other online location that links to this Privacy Policy (collectively, the "Services").
By using the Services, you also agree to our collection, use, and sharing of your information as described in this Privacy Policy. If you do not agree with the Terms of Use, you should not use or access the Interface or the Services.
## 1. Information Collection
### A. Information You Provide.
We may collect the following information about you when you use the Services:
* Correspondence and Content: Within any messages you send to us (such as feedback and questions to support), we may collect your name and contact information, as well as any other content included in the message.
* Voluntary Information: You may choose to voluntarily provide other information to us that we have not solicited from you, and in such instances, you are solely responsible for such information.
### B. Information Collected Automatically.
We collect the following information:
* Wallet Address: We may collect the wallet address you use to connect to the Interface to block wallets associated with certain legally prohibited conduct. Separately, we may collect your wallet address as part of "Usage Information" (as described below) to improve the Interface and user experience of the Services.
* Device Information. We may collect information about the device you use to access the Interface, such as the device type, operating system, browser type, and screen height and width. This information helps us optimize the Interface for different devices and troubleshoot any technical issues.
* Usage Information. We may collect information about how you use the Interface and Services, including your wallet address, the time you access the Interface, pages you visit, the features and assets you interact with, the links you click, and the search queries you make. By analyzing this data, we gain a deeper understanding of user behavior, which in turn allows us to make continuous improvements to the Interface and enhance the overall user experience.
For further information on how we use tracking technologies for analytics and your rights and choices regarding them, please see the "Cookies Policy" and "Analytics" sections below.
## 2. Use of Information
We may collect and use information for business purposes in accordance with the practices described in this Privacy Policy. Our business purposes for collecting and using information include:
**Operating and managing the Services** (including through authorized service providers): To make the Services available to you and perform services requested by you, such as responding to your comments, questions, and requests, and providing support; sending you technical notices, updates, security alerts, information regarding changes to our policies, and support, administrative messages; detecting, preventing, and addressing fraud, breach of Terms, and threats, or harm; and ensuring compliance with legal and regulatory requirements.
**Improving the Services**: To continually improve the Services and fulfill any other legitimate business purpose, as permitted under applicable laws.
**Merger or Acquisition**: In connection with, or during negotiations of, any proposed or actual merger, purchase, sale, or any other type of acquisition, financing, reorganization, or business combination of all or any portion of our assets, or transfer of all or a portion of our business to another business.
**Security and Compliance with Laws**: As we believe necessary or appropriate to operate and maintain the security or integrity of the Interface, including to prevent or stop an attack on our computer systems or networks, investigate possible wrongdoing in connection with the Interface, enforce our Terms, and comply with applicable laws, lawful requests, and legal process, such as responding to subpoenas or requests from government authorities.
**Facilitating Requests**: To comply with your requests or directions.
**Consent**: Purposes for which we have obtained your consent, as required by applicable laws.
Notwithstanding the above, we may use information that does not identify you (including information that has been aggregated or de-identified) for any purpose except as prohibited by applicable law. For information on your rights and choices with respect to how we use information about you, please see the "Analytics" section below.
## 3. Sharing and Disclosure of Information
We may share or disclose information that we collect in accordance with the practices described in this Privacy Policy and for the purposes set out in the "Use of Information" section above.
The categories of parties with whom we may share information include:
* Affiliates: We share information with our affiliates and related entities, including where they act as our service providers or for their own internal purposes.
* Professional Advisors: We share information with our professional advisors for purposes of audits and compliance with our legal obligations.
* Service Providers: We share information with third-party service providers for business purposes, including fraud detection and prevention, security threat detection, data analytics, information technology and storage, and blockchain transaction monitoring. Any information shared with such service providers is subject to the terms of this Privacy Policy. All service providers that we engage with are restricted to only utilizing the information on our behalf and in accordance with our instructions.
Notwithstanding the above, we may share information that does not identify you (including information that has been aggregated or de-identified) except as prohibited by applicable law.
## 4. Third-Party Services
We may also integrate technologies operated or controlled by other parties into parts of the Services. For example, the Services may include links that hyperlink to websites, platforms, and other services not operated or controlled by us.
Please note that when you interact with other parties, including when you leave the Interface, those parties may independently collect information about you and solicit information from you. The information collected and stored by those parties remains subject to their own policies and practices, including what information they share with us, your rights and choices on their services and devices, and whether they store information in the U.S. or elsewhere. We encourage you to familiarize yourself with and consult their privacy policies and terms of use.
For example, by using a third-party wallet to engage in transactions on public blockchains, your interactions with any third-party wallet provider are governed by the applicable terms of service and privacy policy of that wallet provider.
## 5. Cookies Policy
We understand that your privacy is important to you and are committed to being transparent about the technologies we use. In the spirit of transparency, this Cookies Policy provides detailed information about how and when we use cookies on our Services.
**A. Do we use cookies?**
We do not use cookies. If we were, we would use cookies and other technologies to understand how you use our Interface so we can improve its design and functionality (to ensure everyone who uses the Interface has the best possible experience)
**B. What is a cookie?**
A cookie is a small text file that is placed on your hard drive by a web page server. Cookies contain information that can later be read by a web server in the domain that issued the cookie to you. Some of the cookies will only be used if you use certain features or select certain preferences, and some cookies will always be used. You can find out more about each cookie by viewing our current cookie list below. We update this list periodically, so there may be additional cookies that are not yet listed.
**C. Why would we use cookies?**
We use cookies and other similar identifiers only to compile aggregate data about Interface traffic and site interaction to offer better user experiences and tools in the future.
**D. What types of cookies do we use?**
* **Strictly Necessary Cookies**: These cookies are essential for the Interface to function properly and enable basic features such as page navigation and access to secure areas of the site. They do not collect personal information.
* **Analytical/Performance Cookies**: These cookies allow us to analyze how visitors use the Interface, which helps us improve its functionality and performance.
* **Functional Cookies**: These cookies enable enhanced functionality and personalization of the website. They may remember your preferences, such as the wallet you previously used to connect.
**E. How to disable cookies?**
Users can generally activate or later deactivate the use of cookies through a functionality built into your web browser. If you want to learn more about cookies, or how to control, disable, or delete them, please visit for detailed guidance.
## 6. Analytics
We utilize the Mixpanel analytics platform to track user interactions, preferences, and behavior during browsing sessions for users who have opted in for analytics. This data helps us improve our services and analyze trends in our user base. We respect your right to control the data collected during your browsing session. If you prefer not to participate in our tracking techniques and data collection, you can opt-out through the "Manage Analytics" section on this page or adjust your browser settings or use browser extensions designed for this purpose.
## 7. Data Security
We implement and maintain reasonable administrative, physical, and technical security safeguards to help protect information about you from loss, theft, misuse, unauthorized access, disclosure, alteration, and destruction. Nevertheless, transmission via the Internet is not completely secure and we cannot guarantee the security of information about you.
## 8. Data Retention
We retain information we collect as long as it is necessary to fulfill the purpose for which it was collected, as outlined in this Privacy Policy, and to the extent permitted by applicable legal requirements. If you request the deletion of your information, we may continue to retain and use your information as permitted or required under applicable laws for legal, tax, regulatory reasons, or legitimate and lawful business purposes.
## 9. International Transfers
Information collected through the Services may be transferred to, processed, stored, and used in the European Economic Area, the United Kingdom, and other jurisdictions. Data protection laws in the EU and other jurisdictions may differ from those of your country of residence. Your use of the Services or provision of any information constitutes your consent to the transfer to and from, processing, usage, sharing, and storage of information about you in the EU and other jurisdictions as set out in this Privacy Policy.
## 10. Children
The Services are intended for general audiences and are not directed at children. To use the Services, you must legally be able to enter into the Agreement. We do not knowingly collect personal information (as defined by the U.S. Children's Online Privacy Protection Act, or "COPPA") from children. If you are a parent or guardian and believe we have collected personal information in violation of COPPA, please contact us at , and we will remove the personal information in accordance with COPPA.
## 11. Additional Disclosures for California Residents
These additional disclosures apply only to California residents. The California Consumer Privacy Act of 2018 ("CCPA") provides additional rights to know, delete, and opt-out, and requires businesses collecting or disclosing personal information to provide notices and the means to exercise consumer rights.
**A. Notice of Collection**
For further details on the information we may collect, including the sources from which we receive information, review the "Information Collection" section above. We may collect and use these categories of personal information for the business purposes described in the "Use of Information" section above, including to manage the Services.
We do not "sell" personal information as defined under the CCPA. Please review the "Sharing and Disclosure of Information" section above for further details about the categories of parties with whom we share information.
**B. Right to Know and Delete**
You have the right to know certain details about our data practices within the past twelve (12) months. In particular, you may request the following from us:
* The categories of personal information we have collected about you;
* The categories of sources from which the personal information was collected;
* The categories of personal information about you we disclosed for a business purpose;
* The categories of third parties to whom the personal information was disclosed for a business purpose;
* The business or commercial purpose for collecting or selling the personal information; and
* The specific pieces of personal information we have collected about you.
* In addition, you have the right to delete the personal information we have collected from you.
To exercise any of these rights, please submit a request by emailing us at . In the request, please specify which right you are seeking to exercise and the scope of the request. We will confirm receipt of your request within ten (10) days. We may require specific information from you to help us verify your identity and process your request. If we are unable to verify your identity, we may deny your requests to know or delete.
**C. Authorized Agent**
You may designate an authorized agent to submit requests on your behalf; however, we may require written proof of the agent's permission to act on your behalf and verify your identity directly.
**D. Right of Non-Discrimination**
You have a right of non-discrimination for the exercise of any of your privacy rights guaranteed by law, such as the right to access, delete, or opt-out of the sale of your personal information.
**E. Shine the Light**
Customers who are residents of California may request (i) a list of the categories of personal information disclosed by us to third parties during the immediately preceding calendar year for those third parties' own direct marketing purposes; and (ii) a list of the categories of third parties to whom we disclose such information. To exercise a request, please write to us at the email or postal address set out in the "Contact Us'' section above and specify that you are making a "California Shine the Light Request." We may require additional information from you to allow us to verify your identity and are only required to respond to requests once per calendar year.
## 12. Additional Disclosures for Data Subjects in the European Economic Area and the United Kingdom
**A. Roles**
The General Data Protection Regulations in the European Economic Area and General Data Protection Regulations in the United Kingdom ("GDPR") distinguish between organizations that process personal data for their own purposes (known as "controllers") and organizations that process personal data on behalf of other organizations (known as "processors"). We act as a controller with respect to personal data collected as you interact with the Services.
**B. Lawful Basis for Processing**
The GDPR requires a "lawful basis" for processing personal data. Our lawful bases include where:
* **(i) Consent**: You have given consent to the processing of your personal data for one or more specific purposes, either to us or to our service providers or partners.
* **(ii) Contractual Necessity**: Processing your personal data is necessary for the performance of a contract between you and us.
* **(iii) Legal Obligation**: Processing your personal data is necessary for compliance with a legal obligation.
* **(iv) Legitimate Interests**: Processing your personal data is necessary for the purposes of the legitimate interests pursued by us or a third party, provided that your interests and fundamental rights and freedoms do not override those interests.Where applicable, we will transfer your personal data to third parties subject to appropriate or suitable safeguards, such as standard contractual clauses.
| Purpose | Legal Basis |
| ------------------------------------------------------ | ------------------------------------------------------------------------------------------------------- |
| Operating and managing the Services | Necessary for the performance of our agreement |
| To communicate with you | Necessary for the performance of our agreement |
| Improving the Services | Legitimate interests, Consent |
| To provide our Services | Legitimate interests, Consent |
| Merger or Acquisition | Legitimate interests, legal obligation (when communicating with EEA, U.K., and Swiss regulatory bodies) |
| Security and compliance with laws | Legal obligation, legitimate interests, necessary for the performance of our agreement |
| Other purposes for which we have obtained your consent | Consent |
**C. Your Data Subject Rights**
If you are a user in the European Economic Area or the United Kingdom, you maintain certain rights under the GDPR. These rights include the right to:
* (i)request access and obtain a copy of your personal data;
* (ii) request rectification or erasure of your personal data;
* (iii) object to or restrict the processing of your personal data;
* (iv)request portability of your personal data.
Additionally, if we have collected and processed your personal data with your consent, you have the right to withdraw your consent at any time.
Notwithstanding the foregoing, we cannot edit or delete information that is stored on a particular blockchain. This information may include transaction data (i.e., purchases, sales, and transfers) related to your blockchain wallet address and any items held by your wallet address.
To exercise any of these rights, please contact us via our email or postal address listed in the "Contact Us" section above and specify which right you are seeking to exercise. We will respond to your request within thirty (30) days. We may require specific information from you to help us confirm your identity and process your request. Please note that we retain information as necessary to fulfill the purpose for which it was collected and may continue to retain and use information even after a data subject request in accordance with our legitimate interests, including as necessary to comply with our legal obligations, resolve disputes, prevent fraud, and enforce our agreements.
If you have any issues with our compliance, please contact us as set out in the "Contact Us" section above. You also reserve the right to lodge a complaint with the data protection regulator in your jurisdiction.
## 13. Changes to this Privacy Policy
We reserve the right to revise and reissue this Privacy Policy at any time. Any changes will be effective immediately upon our posting of the revised Privacy Policy. For the avoidance of doubt, your continued use of the Services indicates your consent to the revised Privacy Policy then posted.
## 14. Contact Us
If you have any questions or comments about this Privacy Policy, our data practices, or our compliance with applicable law, please contact us by email: .
# How to Get Started on Clovis Testnet
Clovis is designed to act as a cross-chain hub for assets, helping position liquidity across supported networks so funds can access the strongest opportunities without manual bridging.
Instead of moving funds between chains yourself, Clovis vaults demonstrate how liquidity can flow across networks over time. For example, opportunities for an asset may shift from one chain to another, and vault funds can be positioned accordingly.
Because of this design, assets may not always remain on the original chain you deposited from. When withdrawing, you can choose to withdraw on the chain where your assets currently reside, select a different supported destination chain, or bridge assets manually if you prefer.
This guide walks you through the steps to start using Clovis, from connecting your wallet to depositing, managing positions, and bridging assets.
By the end, you’ll have testnet assets and be able to explore Clovis features across supported chains.
💡 This process only takes a few minutes and uses testnet assets.
***
## 1. Connect Your Wallet
Open [Clovis testnet](https://testnet.clovis.network/) and connect a supported wallet.
* **Recommended:** OKX, MetaMask, or Rabby Wallet (auto-detects tokens and provides a smoother testnet experience)
***
## 2. Get Testnet Gas and Stables
Before interacting with Clovis, you will need testnet gas and stablecoins.
Refer to the Faucet guide for step-by-step instructions:
👉 [**Clovis Testnet Faucet guide**](/onboarding/how-to-get-started-on-clovis-testnet/clovis-testnet-faucet-guide)
***
## 3. Deposit Into a Vault
Vaults allow you to deposit stablecoins to demonstrate earning yield and test how funds move within Clovis.
1. Navigate to the vault page
2. Select a supported stablecoin
3. Enter the deposit amount
4. Approve and confirm the transaction
After depositing, you receive yield-bearing `cloToken` shares that represent your position.
You can view and manage your position in the **Portfolio** tab. The Portfolio shows your active positions, cloToken shares, yield information, and the current location of the underlying assets.
A position can optionally be locked to earn a Lock Reward. The Base yield continues to be reflected in the cloToken share price.
### Position Lifecycle
A typical vault position follows this flow:
Deposit → Lock (optional) → Unlock or Early Exit → Withdraw
Unlock or Early Exit returns the cloToken shares to the Flexible position. Withdraw is a separate step that converts the cloToken shares into the underlying USDC or USDT and sends it to your wallet.
***
## 4. Bridge from Another Chain (Optional)
If your assets are on another supported chain, you can use the bridge to move them before depositing.
Bridging lets you demonstrate how Clovis moves liquidity across supported networks and understand cross-chain asset movement within vault strategies.
1. Navigate to the **Bridge** page
2. Select source and destination chain
3. Enter the amount
4. Approve and confirm the transaction
You can track the status of your bridge in the **Transaction** tab, which shows history, timestamps, and status updates.
***
## 5. Borrow Against Your Position (Optional)
Borrowing lets you access liquidity without withdrawing your vault position, so the underlying assets keep earning Base yield while the position is used as collateral.
Before borrowing, make sure you have an active vault position and testnet gas on the chain you want to borrow on.
1. Navigate to the **Borrow** page
2. Select the chain and supply your collateral
3. Enter the amount you wish to borrow
4. Approve and confirm the transaction
Your borrow position, collateral, and available borrowing power appear in the **Portfolio** tab.
### Repaying
1. Navigate to the **Borrow** page and open your position
2. Enter the repay amount
3. Approve and confirm the transaction
Collateral becomes available to withdraw once the outstanding borrow is fully repaid.
***
## 6. Check Your Portfolio
After depositing, you can monitor your positions in the **Portfolio** tab.
The Portfolio page displays all active positions associated with your wallet.
You can use this page to:
* View and manage your earn and borrow positions
* Monitor cloToken shares and yield information
* Track where the underlying assets are currently located across supported chains
* Unlock a position after maturity or use Early Exit before maturity
* Withdraw the underlying asset after the cloToken shares have been returned to the Flexible position
***
## FAQ
#### Do I Need Real Funds to Test Clovis?
No. Clovis uses testnet assets that have no real value.
#### Does Unlock Send the Underlying Asset Directly to My Wallet?
No. Unlocking returns the cloToken shares to the Flexible position. You must complete a separate Withdraw step to redeem the underlying USDC or USDT to your wallet.
#### Why Can't I Borrow?
This is usually caused by:
* No active collateral position
* Collateral not yet supplied or approved
* Borrow amount above your available borrowing power
* Missing testnet gas for the transaction
* Wallet connected to the wrong network
Supply and approve collateral first, then check your available borrowing power on the Borrow page before entering an amount.
#### What Happens if My Collateral Value Drops?
Your position health factor decreases as collateral value falls or as your borrow accrues. If it drops below the liquidation threshold, part of your collateral can be liquidated to repay the outstanding borrow.
To reduce the risk, you can:
* Supply additional collateral
* Repay part of the borrowed amount
You can monitor your health factor in the **Portfolio** tab.
#### **Why Can’t I Withdraw My Underlying Asset?**
This is usually caused by:
* Your position is still locked
* The cloToken shares have not yet been returned to the Flexible position
* Missing testnet gas for the transaction
* Your wallet is connected to the wrong network
* A temporary network or transaction delay
If the position was locked, first use Unlock after maturity or Early Exit before maturity. Confirm that the cloToken shares appear in the Flexible position, then use Withdraw to redeem the underlying USDC or USDT to your wallet.
#### What Happens When I Use Early Exit?
On the current testnet, Early Exit has a 0% fee. However, the Lock Reward is forfeited. The principal and Base yield reflected in the cloToken share price are not deducted.
After Early Exit, the cloToken shares are returned to the Flexible position. You can then use Withdraw to redeem the underlying asset.
#### Why Can’t I Deposit Into a Vault?
This is usually caused by:
* Missing testnet gas for the transaction
* Insufficient stablecoin balance
* Token approval not completed
* Wallet connected to the wrong network
Make sure you have claimed testnet stables and approved the token before depositing.
#### Why Can’t I Bridge Assets?
Bridge issues may occur due to:
* Missing testnet gas on the source chain
* Wallet connected to the wrong source or destination network
* Insufficient token balance
* Temporary bridge congestion or delays
You can check the **Transaction** tab to track bridge status and progress.
#### How Long Do Deposits or Bridges Take?
Most transactions should complete within seconds to a few minutes, depending on network conditions.
#### Where Should I Report Bugs?
If you believe you found a product bug, please use the **Send Feedback** button located at the bottom right of the page.
This will open a form where you can provide details and screenshots.
If needed, you can also report the issue in the **bug-reports** [Discord](https://discord.gg/yei) channel as a secondary option.
***
## What’s Next?
Now that you’ve completed the basics, here are a few ways to continue exploring Clovis:
**Explore More Features**
* Try different vault strategies
* Bridge assets across multiple supported chains
* Test the full position lifecycle: Deposit, Lock, Unlock or Early Exit, and Withdraw
* Withdraw the underlying asset to another supported network
**Stay Updated**
* Follow [announcements](https://discord.com/channels/1230430080514396161/1230430080514396164) for feature updates and testnet campaigns
* Check the [blog](https://www.clovis.network/blog) for product insights and release notes
**Join the Community**
* Connect with other testers and share feedback in [Discord](https://discord.com/invite/yei)
* Follow our [X](https://x.com/YeiFinance) for updates and ecosystem news
# Clovis Testnet Faucet Guide
The [Clovis Testnet](https://testnet.clovis.network/) Faucet provides free testnet stablecoins so you can try deposits, bridging, and other features across supported chains without risking real funds.
Testnet tokens have **no real-world value** and may be reset at any time.
***
## What you need
Before getting started, make sure you have:
* A compatible wallet installed (MetaMask, Rabby, or OKX recommended)
* A desktop browser (Chrome, Firefox, or Brave recommended)
* Mobile version supported
* A small amount of native testnet gas on your chosen network: Sepolia, BNB Testnet, Sei Testnet, or Base Sepolia.
***
## 1. Connect to Supported Testnet Networks
Most wallets (MetaMask, Rabby) will auto-detect the correct network when you connect to the faucet. No manual setup needed.
> **Wallet not detecting the network?** You can add it manually under **Settings → Networks → Add Network**:
| Field | Value |
| --------------- | -------------------------------------- |
| Network Name | Sei Testnet |
| RPC URL | |
| Chain ID | 1328 |
| Currency Symbol | SEI |
| Block Explorer | |
| Field | Value |
| --------------- | ------------------------------------------------ |
| Network Name | BNB Testnet |
| RPC URL | |
| Chain ID | 97 |
| Currency Symbol | tBNB |
| Block Explorer | |
| Field | Value |
| --------------- | ------------------------------- |
| Network Name | Base Sepolia |
| RPC URL | |
| Chain ID | 84532 |
| Currency Symbol | ETH |
| Block Explorer | |
| Field | Value |
| --------------- | ------------------------------------------- |
| Network Name | Sepolia |
| RPC URL | |
| Chain ID | **11155111** |
| Currency Symbol | ETH |
| Block Explorer | |
### Switch RPC from Network Settings
Using Rabby Wallet extension as an example (similar in most wallets):
1. Open wallet
2. Click ⚙️ (Settings)
3. Go to **Networks / Add Network**
4. Select **Sei Testnet**
5. Edit the network → update or switch RPC
6. Confirm
### Recommended RPCs (Sei Testnet)
*
*
### Notes
* Switching RPC can fix failed or slow transactions
* Testnet RPCs may be unstable → keep multiple options
***
## 2. Get Testnet Gas (if needed)
Faucet claims require a wallet transaction approval, so you'll need a small amount of native testnet gas before you can claim.
The faucet UI includes a **Need gas?** shortcut that links directly to the appropriate gas faucet for your selected network.
> **Note:** Gas faucets are operated by external providers and may have their own restrictions: mainnet balance requirements, social login, CAPTCHA, or rate limits. These are outside Clovis' control.
>
> ⚠️ Clovis does not endorse third-party faucet websites. Verify the source and review transaction details carefully before approving any wallet interaction.
***
## 3. Claim Testnet Stables
1. Open the **Faucet** page
2. Connect your wallet
3. Select the network and token, then click **Claim**
4. Approve the transaction in your wallet
5. Testnet stables should arrive shortly
You can claim **10 USDC or USDT per day** to ensure fair access for all testers.
💡 **Note:** Testnet USDC and USDT are **not issued by Circle or Tether** and have no real-world value. They are test tokens used only for testing Clovis features.
***
## 4. Check Your Wallet
After claiming:
1. Open your wallet
2. Confirm that testnet stables have arrived
Token delivery may take a few seconds.
> **Don't see your tokens?** You may need to manually import the token contract address. Go to **Assets → Import Token** and paste the contract address below:
| Token | Chain | Contract Address |
| ----- | ------------ | ------------------------------------------ |
| USDT | BNB Testnet | 0x8688C32E36f865B733A15477d07F8b70Ea2169AE |
| USDC | BNB Testnet | 0x690378E9c66c4b106B5fF25077689F8f6955aB0e |
| USDT | Sei Testnet | 0x8688C32E36f865B733A15477d07F8b70Ea2169AE |
| USDC | Sei Testnet | 0x9bB6677255825C2E1d8872BC440107e0d58519Cd |
| USDT | Base Sepolia | 0x8688C32E36f865B733A15477d07F8b70Ea2169AE |
| USDC | Base Sepolia | 0x9bB6677255825C2E1d8872BC440107e0d58519Cd |
| USDT | Sepolia | 0x8688C32E36f865B733A15477d07F8b70Ea2169AE |
| USDC | Sepolia | 0x9bB6677255825C2E1d8872BC440107e0d58519Cd |
***
## Common issues
* **Wrong network selected** Make sure your wallet is connected to the correct supported testnet network.
* **Faucet cooldown reached** The faucet allows 10 USDC/USDT per day per wallet. Wait for the cooldown to reset.
* **No gas for the claim transaction** Use the **Need gas?** link on the faucet page to get testnet gas from an external provider (see Step 2).
* **Tokens not showing** Refresh your wallet or manually import the token contract (see Step 4). Wait a few moments for balance updates.
* **Transaction failed or faucet is down** The faucet may be temporarily unavailable during high traffic or maintenance. Try again in a few minutes, or check [Discord](https://discord.com/invite/yei) for updates.
***
## What's next?
Now that you have testnet stables, try out Clovis features:
* [How to Get Started on Clovis Testnet](/onboarding/how-to-get-started-on-clovis-testnet)
***
## Need help?
If something doesn't work as expected:
* Double-check your wallet network and token imports
* Refresh the faucet page
If you believe you found a product bug, please use the **Send Feedback** button located at the bottom right of the page.
This will open a form where you can provide details and screenshots.
If needed, you can also report the issue in the **bug-reports** [Discord](https://discord.com/invite/yei) channel as a secondary option.
When reporting an issue, include:
* Your wallet address
* A short description of what you were trying to do
* Screenshots or error messages if possible
# Clovis Testnet Features
Explore Clovis Testnet with enhanced vault transparency, yield boosting through locking, and flexible early unlock options.
## Overview
Clovis Testnet introduces additional functionality to improve how users understand vault strategies, manage positions, and earn yield. These updates focus on increasing transparency, providing a structured way to boost returns, and allowing more flexible position management.
### What’s Included
The following features are available:
* **Vault detail page:** Provides visibility into how funds are allocated across chains, along with strategy and risk information.
* **Locking and yield:** Allows users to lock positions for a selected duration to earn higher yield.
* **Early Exit:** Allows users to exit a locked position before maturity. On the current testnet, no fee is charged, but the Lock Reward is forfeited.
***
## 1. Explore Vault Details
**Understand how your funds are allocated and how the vault generates yield.**
Vaults now provide more visibility into how funds are managed. Each vault includes information about its underlying strategy, risk profile, and how capital is distributed across different networks.
This information is presented directly in the interface, including a visual breakdown of how funds are allocated across chains. Users can understand how yield is generated without needing to rely on external documentation.
***
## 2. Locking and Yield
**Lock your position to earn additional rewards.**
After depositing into a vault, users receive a yield-bearing `cloToken` that represents their position.
Users can lock their position for a selected duration to become eligible for a Lock Reward.
The Base yield continues to accrue while the position is locked and is reflected in the `cloToken` share price. The Lock Reward is separate from the Base yield.
The available lock duration and expected reward are shown in the interface before confirmation. During the testnet, lock periods may be shortened so users can complete the full lock and unlock cycle more quickly.
***
## 3. Position Management
**Manage your positions directly from your Portfolio.**
All active positions can be managed from the Portfolio view. Users can monitor their positions, track yield, and take action depending on the state of each position.
After a position is unlocked, the `cloToken` shares are returned to the Flexible position. To receive the underlying USDC or USDT in your wallet, users must complete a separate Withdraw step.
***
## 4. Early Unlock
**Exit your locked position before maturity.**
On the current testnet, Early Exit has a 0% fee.
However, exiting a position early forfeits the Lock Reward. The principal and the Base yield already reflected in the cloToken share price are not deducted.
Early Exit returns the `cloToken` shares to the Flexible position. Users must complete a separate Withdraw step to redeem the underlying USDC or USDT to their wallet.
Before confirming Early Exit, review the displayed position details and the Lock Reward outcome in the interface.
# Pre-Deposit Vaults
Pre-deposit vaults make up the first foundational product in the Clovis ecosystem — a unified, cross-chain DeFi infrastructure. It enables users to deposit crypto assets in vaults across 10 EVM-compatible networks and begin earning **dual rewards**: **real on-chain yields (only on Sei’s vault for now) + Clovis points**.
This is more than a static vault. It is the earliest point of entry into a **fully integrated multi-layer DeFi platform**, including lending, asset management, bridging, and liquidity infrastructure, once the full version of Clovis is live.
Your deposits today power tomorrow’s full-stack financial utility. Earn Clovis Points as your stake in that future, alongside competitive yields starting now.
* Real yields on Sei
* Points mechanism (with lockup period)
* With users’ up-to-date Clovis points for Season 1, referral progress, and leaderboard ranking
* Auto migration mechanism (vaults -> Clovis AAVE once Clovis is live on mainnet)
* Asset management ability (invest in the same chain’s vaults)
* Local reserve rebalance mechanism
* Potential partner rewards
## **Why you should participate now**
* **Multi-chain Support**: 10 supported networks (Arbitrum, Ethereum, SEI, HyperEVM, BNB, Optimism, Base, AVAX, Polygon, Swell)
* **Supported Assets**: USDC, USDT0, WBTC, WETH, WSEI
* **Dual Rewards**: APY rewards + Clovis Points
* Depositing WSEI gives you double points. For instance, $1 WSEI deposited daily will earn you 2 points.
* **Batch Operations**: One-click multi-chain deposits
* **Flexible Lock Periods**: Multiple options with boost multipliers
# Sei Lending - Yei Finance
Yei Finance, the Sei-native money market for decentralized lending and borrowing.
Yei Finance is the Sei-native money market within the Clovis ecosystem. It offers decentralized, non-custodial lending and borrowing on the Sei network.
**Products:**
* YeiLend (lending),
* YeiSwap (DEX),
* YeiBridge (bridging).
**Links:**
* Website:
* Docs:
* X:
* Discord:
# Coming Soon
List of products coming soon
The following Clovis products are in development and will launch alongside Clovis mainnet. Each extends Clovis across chains, building on the foundation proven by Yei Finance on Sei.
{% content-ref url="/pages/dXm1etfSMwnxCNbCJeSG" %}
[Lending - Clovis Market (Coming Soon)](/products/coming-soon/lending-clovis-market-coming-soon)
{% endcontent-ref %}
{% content-ref url="/pages/eHrtOaw6u5FyrkIHCmgP" %}
[DEX - Clovis Exchange (Coming Soon)](/products/coming-soon/dex-clovis-exchange-coming-soon)
{% endcontent-ref %}
{% content-ref url="/pages/llRd8VjeMqQwAA6ar6C3" %}
[Bridge - Clovis Transport (Coming Soon)](/products/coming-soon/bridge-clovis-transport-coming-soon)
{% endcontent-ref %}
{% content-ref url="/pages/Vjtr1KUwiSDcBxvxgwIu" %}
[Asset Management - Clovis Vaults (Coming Soon)](/products/coming-soon/asset-management-clovis-vaults-coming-soon)
{% endcontent-ref %}
# Overview
### The Four Pillars of Clovis
Clovis is built on composable DeFi primitives that share liquidity and execution across chains:
1. **Clovis Market (Lending)** – Aggregates liquidity from all connected chains to provide universal lending and borrowing rates, creating a shared base for capital reuse across lending, trading, and bridging.
2. **Clovis Exchange (DEX)** – Combines a hub-chain DEX aggregator with Clovis-owned AMMs to deliver universal pricing and multi-yield opportunities for LPs, using lending deposit receipts as LP assets.
3. **Clovis Transport (Bridge)** – A fast-finality bridge that enables instant cross-chain transfers by settling from local liquidity buffers in the settlement layer, reducing the need for constant asset movement between chains.
4. **Clovis Vaults** **(Asset Management)** – Deploys idle capital from assets in the liquidity spokes into external yield opportunities that align with the tranche’s risk profile, generating additional returns without fragmenting liquidity or reducing asset availability for lending, trading, or bridging.
Clovis’s liquidity structure is designed to support additional primitives beyond these core products, including prediction markets, yield-trading protocols, and perpetuals. This expansion builds on the liquidity network already established, increasing both the product surface area and the protocol’s fee-generating flows.
# Lending - Clovis Market (Coming Soon)
Clovis Market is a cross-chain lending protocol that enables users to deposit, borrow, repay, and withdraw on any supported chain, while distributing liquidity to the Settlement Layer for instant access and settlement. Market powers lending yields for Exchange and provides the liquidity backbone for instant execution of both Exchange trades and Transport transfers on the Settlement Layer.
## How does Lending work?
1. **Supply on any chain**
* A user deposits USDC on Arbitrum (Spoke chain A).
* Clovis sends a cross-chain message from Arbitrum (state update) to the Clearing Layer.
* Clovis Market does accounting and mints receipt tokens (cloUSDC) on the Clearing Layer to the user.
2. **Borrow on any other chain**
* The same user can now borrow ETH on Monad (Spoke chain B) up to their global collateral limit.
* The intent gets sent to the Clearing Layer, which checks their global collateral state, and processes the borrow transaction (increasing the user debt), and sends the completed transaction message to the Monad (Spoke chain B).
* Liquidity buffer on Monad, upon receiving the validated message from the Clearing Layer, will send ETH to fulfill the borrow request, then request replenishment from the Clearing Layer if the local buffer falls below the threshold.
3. **Interest accrual & rebalancing**
* Interest is calculated once per block on the Clearing Layer (Sei network) with a single utilization-based curve.
* Clovis Market Rebalancer moves liquidity in or out to restore balance between Spoke chains, if the Spoke chain buffer’s liquidity is above the upper threshold or below the lower threshold. The rebalancer only triggers at these thresholds; most imbalances resolve naturally through user activity, keeping bridging costs minimal.
4. **Liquidation**
* Health factors are evaluated on the Clearing Layer using oracle prices.
* When an account drops below the safety threshold, the Clearing Layer immediately takes the borrower’s receipt tokens, which matches the liquidation process of Aave. These tokens represent claims on the real assets stored in buffers on every chain. Therefore, reacquiring the assets from the buffer and reintroducing them into the main pools completes the liquidation.
## **cloTokens**
cloTokens are interest-bearing tokens issued on the Clearing Layer when users deposit assets, accruing value over time as interest is earned from borrowers. Users can hold, transfer, or utilize cloTokens within the Clovis system. Beyond serving as receipt tokens, cloTokens are integral to [Exchange](/products/coming-soon/dex-clovis-exchange-coming-soon), where they are used as liquidity provider (LP) assets to enable quadruple-yield generation — combining protocol lending interest with trading fees, native-chain lending yield, and bridge fees. Clovis’s cloTokens are already being utilized by Pit finance (onchain options protocol), and Oxium (CLOB) for extra yield.
## **Universal Rates**
Clovis Market offers universal lending and borrowing rates across all supported chains, eliminating the fragmentation typically found in traditional DeFi lending markets. By aggregating liquidity into a single pool on the Clearing Layer and utilizing a global interest rate model with shared utilization metrics, Clovis Market ensures consistent rates regardless of the chain users interact with, providing new arbitrage opportunities for more solvers, searchers, and on-chain MEV. This approach offers several benefits:
* **Capital Efficiency**: Unified liquidity reduces inefficiencies and optimizes asset utilization.
* **Consistent User Experience**: Users no longer need to navigate isolated markets with varying rates and conditions.
* **Enhanced Liquidity Depth**: A single pool provides deeper liquidity, improving borrowing and lending conditions.
## Clovis Curated Markets (Tranches)
Clovis Curated Markets are isolated lending environments designed for precise asset onboarding and risk control. Each curated market is segmented into tranches with configurations that define eligible collateral, loan-to-value ratios, liquidation thresholds, integration permissions, and caps. This structure enables Clovis to support a broad mix of assets, ranging from RWAs and BTCfi products to yield-bearing stablecoins, while maintaining risk-adjusted performance across different user profiles.
The segmentation serves two purposes. First, it enables liquidity to be deployed in a manner that aligns with the strategy or partner requirements of each market. Conservative tranches can priorities depth and stability with lower risk parameters, while higher risk tranches can operate with more aggressive settings or integrate with newer protocols. Second, it allows controlled liquidity flow between tranches. Junior tranches can lend to senior tranches to capture their base yield plus a spread, and cross-market routing via the hub and spoke architecture can move capital to where returns are highest without fragmenting TVL.
A key performance driver for curated markets is the looping of yield-bearing assets. Looping involves depositing a yield-bearing asset, borrowing against it, and redepositing the borrowed asset, cycling this process to amplify exposure and returns. Tranches that are optimised for looping can run higher loan-to-value ratios and tighter liquidation thresholds while remaining within safe limits. This design enables Clovis to scale looping activity without jeopardizing systemic safety. Additional yield sources include ecosystem incentive capture during new asset or chain launches, inter-tranche deployments, and cross-chain capital recycling.
Risk is managed through the inherent isolation of tranches. The base tranche allocates to lending, bridging, and vault asset management in blue-chip protocols, limiting risk to systemic-level events. The DEX tranche layers in impermanent loss risk from market making, which only affects users in that tranche. The medium tranche encompasses higher-risk lending pools and asset management integrations, offering the highest yield potential but also the greatest protocol-specific exposure. By structuring yield sources in layers, Clovis ensures that adding additional revenue streams does not automatically increase the risk profile for conservative users.
Although combining lending, bridging, vault management, and DEX fees into a single platform creates multiple yield streams, it also increases the likelihood that one source may experience an adverse event. In a pooled, monolithic design, this would multiply the risk for all users. In Clovis, tranching ensures that these risks are contained, allowing conservative participants to focus on stable, protected returns, while risk-seeking participants can opt into higher-yield, higher-risk environments.
# DEX - Clovis Exchange (Coming Soon)
Clovis Exchange is a cross-chain DEX that aggregates liquidity to deliver universal pricing for traders and creates multi-yield opportunities for LPs by pairing AMM positions with lending deposit receipts from Clovis Market.
## The exchange consists of **two core components**:
### Hub Chain DEX Aggregator
* Operates on the hub chain (Sei Network) and aggregates prices from all hub chain liquidity sources, including Clovis’s own AMMs.
* In a cross-chain swap, for example, WBTC on Base → WETH on Arbitrum, the user deposits WBTC into the Clovis Base Vault. The Base messaging adapter sends instructions to the hub, where contracts execute the trade by swapping WBTC already held in the Sei Vault into WETH via the DEX aggregator. This avoids bridging the user’s WBTC from Base.
* Once the swap is executed within the user’s slippage tolerance, the hub instructs the Arbitrum Vault to release WETH to the user’s wallet on Arbitrum.
* Because all execution flows through the hub, Clovis requires the fastest finality and lowest costs to ensure a smooth and efficient user experience. Sei Network delivers both, and being EVM-compatible, also allows Clovis to integrate with the broader EVM ecosystem.
* If part of the trade is matched internally through Clovis’s own AMM (for example, the Clovis CLMM), that portion does not require actual WBTC to be present in the Sei Vault. Instead, it is processed as an internal LP composition change, while maintaining the correctness of the global state.
* **Example: Cross-Chain Swap (WBTC on Base → WETH on Arbitrum)**
1. **User Deposit**
* The user initiates a swap by depositing WBTC into the Clovis Base Vault.
2. **Instruction to Hub**
* The Base messaging adapter sends trade instructions to the hub chain (Sei Network).
3. **Trade Execution at Hub**
* On the hub, Clovis contracts execute the swap by exchanging WBTC already held in the Sei Vault for WETH via a DEX aggregator.
* This is done **without bridging** the user’s WBTC from Base, avoiding additional latency and cost.
4. **Slippage Check**
* The trade is executed only if the result is within the user’s specified slippage tolerance.
5. **Settlement Instruction**
* After the trade is completed on the hub, a settlement message is sent from the hub to the Arbitrum Vault.
6. **Token Release**
* The Arbitrum Vault releases the purchased WETH to the user’s wallet on Arbitrum.
7. **Performance Considerations**
* All actions go through the hub for execution, so Clovis requires the fastest finality and lowest cost possible for a smooth and efficient user experience.
* Sei Network provides this performance and, as an EVM chain, enables integration with the larger EVM ecosystem.
8. **Internal AMM Matching (Optional)**
* If part of the trade is matched internally through Clovis’s own AMM (e.g., Clovis CLMM), that portion does not require actual WBTC in the Sei Vault.
* Instead, it is recorded as an **internal LP composition change** while maintaining the correctness of the global state.
### Clovis AMMs
* Clovis will operate its own AMM pools that accept user deposits.
* These pools can support a variety of AMM logics including CPMM, CLMM, CSMM, stableswap, PMM, and dynamic AMM, selected to best suit specific asset pairs.
* Clovis AMMs pair assets with Clovis Market deposit receipts as LP assets, enabling LPs to earn lending yields in addition to trading fees and bridging rewards.
## **How to Provide Liquidity?**
1. User deposit to Arbitrum (Spoke chain A)
* A user deposits assets (e.g., WETH and USDC) into Clovis Exchange on the Settlement Layer.
* Clovis sends a cross-chain message from Arbitrum (state update) to the Clearing Layer.
* Clovis Exchange does accounting and mints equivalent cloTokens (e.g., cloWETH and cloUSDC) on the Clearing Layer.
2. LP created on Sei (Clearing Layer)
* The cloTokens are paired in the Clearing Layer’s liquidity pool, representing the user’s share of the total liquidity.
# Bridge - Clovis Transport (Coming Soon)
Clovis Transport revolutionizes cross-chain bridging by instantly settling transactions, maintaining net asset balance across chains, and leveraging Settlement Layer liquidity reserves for fast transfers, while seamlessly integrating with deposits, repayments, and swaps for internal rebalancing—giving Clovis a strategic edge over Relayer or Solver bridges by eliminating reliance on external liquidity providers, reusing existing liquidity flows, and enabling native DeFi settlement across chains.
## **Bridge Transaction Flow**
1. **User deposits on Spoke chain A**
* The user sends tokens to the Liquidity Buffer on chain A
* The vault locks the funds and emits a bridge-intent message.
2. **Parallel messages**
* To Spoke chain B – proof that the deposit occurred.
* To Sei network (Clearing Layer) – ledger update for global balances and fees.
3. **Receipt validation (Spoke chain B)**
* The Liquidity Buffer on chain B does three things:
* verifies the proof,
* deducts the bridge fee,
* and releases the same native tokens to the user.
4. **Rebalancer sweep (as-needed)**
* If any buffer drifts outside its target range, the Rebalancer sources liquidity from other Spoke chains to restore balance.
## Smart System
Transport uses a smart system to handle money across different blockchains, making sure everything runs smoothly for actions like borrowing, swapping, or transferring tokens.
#### **Quick Transactions with Local Funds**
* When you make a transaction on the Settlement Layer, Transport first checks if there’s enough money on the Spoke chain’s local reserve.
* If there is, your transaction happens instantly, so you don’t have to wait.
#### **Backup Plan with Solver Auctions**
* If the Spoke chain doesn’t have enough funds, Transport starts a “solver auction.”
* A solver (a helper with funds) steps in to cover the transaction on the Spoke chain.
* Then the system moves money from the Clearing Layer to pay the solver back, finishing the process.
#### **Smart Rebalancing to Save Costs**
* Instead of moving money after every transaction, the Clovis Market Rebalancer watches things like how much money is being used, how much each Spoke chain needs, and user activity.
* It waits to move funds until it makes sense, letting transactions balance out naturally to avoid extra costs and delays.
#### **Faster Transfers with Direct Messaging**
* For simple transfers that don’t need to update the main records (like moving tokens between Spoke chain), Transport lets Spoke chains talk directly to each other (Spoke chain A → Spoke chain B) instead of going through the Clearing Layer (Settlement Layer A → Clearing Layer → Settlement Layer B).
* This cuts down the time to just the processing speed of the two Spoke chains plus the messaging time between them.
#### **Netting: inflows and outflows naturally net out across chains**
* User activity on one chain may offset liquidity demands on another, minimizing the need for frequent rebalancing operations.
* This setup makes transactions fast, keeps costs low, and ensures money is used efficiently across all chains in the Clovis system.
## Liquidity Buffers (on Settlement Layer)
In Clovis, liquidity buffers are local reserves of assets deployed on supported Spoke chains. These buffers are actively managed by the Clearing Layer and a central Rebalancer, which dynamically reallocates liquidity based on usage, demand, and market volatility. This system significantly reduces latency and gas costs across chains. Below is a breakdown of the inflows and outflows that determine the state of each buffer:
# Asset Management - Clovis Vaults (Coming Soon)
Clovis Vaults are the asset management layer of the protocol, designed to generate additional yield from idle capital sitting in the liquidity spokes. Assets in lending markets, bridging pools, or other primitives often have periods where they are not actively borrowed or used for settlement. Rather than leaving these assets idle, Clovis vaults deploy them into external yield opportunities that match the tranche’s risk profile.
The vault system is fully integrated with the hub-and-spoke architecture. Idle capital on a spoke chain can be routed to vault strategies either locally or via the hub, ensuring that funds remain available for withdrawal or reallocation when market demand changes. Vault strategies can include deposits into blue-chip lending protocols, low-risk liquidity pools, or newer high-yield opportunities, depending on the tranche configuration.
This design allows the protocol to capture asset management yields without fragmenting liquidity or impacting the availability of funds for lending and trading. In the base tranche, vault allocations focus on highly liquid, battle-tested protocols to minimise risk. Higher-risk tranches can be allocated to more aggressive strategies with higher return potential. By dynamically recycling idle capital, Clovis vaults increase the total return profile of each market while maintaining the flexibility to meet user withdrawals and market shifts.
# Audits
## **Audit Overview**
Clovis engaged **Verichains Lab** and **billh (@hibillh)** to conduct independent reviews of the Pre-deposit Vaults, the first product in its ecosystem. The Verichains audit, completed in July 2025, found **no critical, high, or medium severity issues** and noted only one informative finding related to early withdrawal timing. The security review by billh in August 2025 identified two medium-severity issues, both of which have since been fixed.
Together, these reviews underscore Clovis’s commitment to security and transparency in building a reliable DeFi infrastructure. **We will continue to collaborate with additional auditing firms in the future to conduct thorough security reviews, ensuring the safety and reliability of our platform.** For further details, please view the detailed audit reports below.
{% file src="/files/IJSGq6kVTb96E9kbETnS" %}
{% file src="/files/ODtgjXFwS3tgRgjW7QX5" %}
***
## TGE
The Token Generation Event (TGE) smart contracts were independently reviewed by billh (@hibillh).
The audit identified 1 low-risk issue and 2 informational findings, all of which were reviewed and acknowledged by the team. This audit ensures that the TGE process is secure and aligned with best practices. The full report is available below.
{% file src="/files/sRj6KfnKNpZm1INY0ZzS" %}
***
## IDO Launchpad
The Launchpad is in collaboration with Sailor Finance.
For full details regarding its audit and security standards, please refer directly to Sailor Finance’s official [audit documentation](https://sailor-finance.gitbook.io/sailor-finance-docs/security).
# Clovis Brand Kit
## Clovis Logo without Text
***
## Clovis Logo with Text (Rectangle)
***
## Clovis Logo with Text (Square)
***
## Clovis Token Icon
***
## Full Clovis Logo Files (PNG/SVG):
# Clovis Links
If you want to join us, here is where you can find us!
Website -
Docs -
# Yei Links
If you want to learn more about Yei, here is where you can find it!
Website -
X -
Docs -
Blog -
Discord -