CLV

CLV, formerly known as Clover Finance, is a blockchain infrastructure platform focused on providing interoperability between different blockchains for decentralized finance (DeFi) applications. Founded in May 2020 by Viven Kirby, Norelle Ng, and Burak Keçeli, the company launched its mainnet in July 2021 and rebranded to CLV in March 2022. The founding team consists of Viven Kirby as project lead, Norelle Ng as operations lead, and Burak Keçeli as tech lead. Ng has a background in human-computer interaction and previously worked as head of client relations at Amber Group and as an advisor for Bithumb.

The company operates as a blockchain operating system, featuring a Layer 1 chain, a smart contract platform, a multi-chain DeFi hub, and a cross-chain wallet. Its core technology is the CLV Chain, a Substrate-based specialized Layer-1 chain that is compatible with the Ethereum Virtual Machine (EVM), allowing developers to migrate their existing decentralized applications (dApps) with minimal changes. The platform aims to address the compatibility challenges between different blockchains, offering indexing across networks like Bitcoin, Ethereum, and Polkadot. As a parachain on the Polkadot network, CLV leverages Substrate's out-of-the-box functionalities, such as peer-to-peer networking and consensus mechanisms, to reduce development time.

CLV's business model includes a unique "feeconomics" structure that incentivizes dApp builders by sharing a percentage of transaction fees with them. It also features a smart relayer service that allows transaction fees to be paid in the same token being transacted, rather than requiring a base currency like ETH. The native token, $CLV, is used for governance, voting on system upgrades, paying transaction fees, and staking to participate in the network's proof-of-stake (PoS) consensus mechanism. The platform is backed by industry leaders such as Polychain Capital, Huobi, and OKEx.

The product suite includes the CLV Wallet, a non-custodial, multi-chain wallet available on mobile and as a browser extension, which allows users to interact with dApps across various blockchains without switching networks. The wallet has seen significant adoption, reaching over 350,000 downloads by November 2021. The company continues to develop its ecosystem, with a roadmap that includes enhanced wallet features and further blockchain integrations.

Keywords: cross-chain interoperability, DeFi applications, blockchain infrastructure, EVM compatible, Substrate-based, Polkadot parachain, decentralized applications, CLV Wallet, multi-chain DeFi, smart contract platform, feec-onomics, proof-of-stake, $CLV token, Viven Kirby, Norelle Ng, Burak Keçeli, Web3, Layer-1 chain, blockchain operating system, non-custodial wallet