Clover Finance

A platform for creating fast, secure dApps

1 – What is Clover Finance ?

  1. Clover is a blockchain infrastructure platform that aims to help developers
    • create fast, secure decentralized apps (“dApps”).
  2. Built on Polkadot, Clover focuses on cross-chain compatibility
    • and supports multiple environments for developing dApps.
  3. dApps deployed on Clover can connect to multiple blockchains in parallel,
    • helping improve usability and efficiency.
  4. The Clover protocol has 4 layers.
    • The first two layers – smart contact and storage –
    • allow developers to deploy and host their dApps.
  5. The third layer – the DeFi protocol layer –
    • simplifies interacting with dApps across blockchains
    • and allows developers to create new DeFi products.
  6. Finally, Clover’s eApp (external app) layer
    • allows developers to deploy dApps to Clover
    • where they can run independently without centralized services.
  • What can developers build with Clover Finance ?
    • Virtual reality games
    • International wire service
    • Centralized exchange services
    • dApps with cross-chain compatibility

2 – What is the utility of Clover Finance ?

  1. Clover aims to make using dApps easy for users
    • and creating dApps easy for developers.
  2. Users can download Clover Wallet for iOS, Android, or Chrome
    • to manage funds and interact with dApps across many blockchains.
  3. Users of Clover dApps can benefit from fast, low cost transactions,
    • while accessing an entirely new range of multi-chain features.
  4. The platform is also governed by the Clover community,
    • who proposes, votes, and implements changes through on-chain governance.
  5. CLV is Clover’s native utility token.
    • It’s used to pay fees
    • and for incentives like rewarding users for participating in staking.
  6. The CLV token is also cross-chain compatible thanks to the Clover Bridge,
    • which allows funds to move between chains.
  • What can you use to interact with dApps ?
    • Forex trading account
    • Oxalis Wallet
    • Clover Finance Wallet
    • Indigo Wallet

3 – The future of Clover Finance

  1. Clover’s mission is to increase the usefulness and accessibility of DeFi
    • for end users and developers.
  2. Clover hopes its unique infrastructure allows for completely new use cases
    • and multi-chain products to emerge in the near future.
  3. The platform allows developers to earn a share of any gas fees spent
    • on their smart contracts.
  4. It’s also built on Substrate, allowing it to iterate quickly
    • and evolve with changing market conditions.
  5. Substrate also allows Clover to be backwards compatible with Ethereum,
    • helping drive further adoption and growth.
  • Clover Finance wants to increase the usefulness and accessibility of …
    • The traditional financial system
    • Dogecoin
    • DeFi
    • Mortgages

4 – Clover on Polkadot

  1. As a part of its mission to provide universal cross-chain DeFi infrastructure,
    • Clover intends to acquire a Parachain Slot in order to join Polkadot’s ecosystem.
  2. This will allow Clover to use Polkadot’s security and interoperability.
  3. To do so, Clover will compete in Parachain Slot Auctions using a process called crowdloan.
  4. During Clover’s crowdloan, users are asked to lock up their DOT for a period of 24 months
    • in order to help Clover secure a Parachain Slot.
  5. Over the course of the 2 year lockup period,
    • community members participating in Clover’s crowdloan
    • will receive CLV tokens in exchange for their contribution.
  6. Users can contribute to Clover’s crowdloan on the clover.finance website or the official Polkadot.js app.
  7. Both are compatible with the Clover and Polkadot.js browser extension wallets.
  8. After 24 months, when the Parachain Slot lease period ends,
    • all contributors will receive their locked DOT tokens back.

  • Clover Finance is competing to become a (select an answer) …
    • (YES) Polkadot Parachain
    • Ethereum Layer 2
    • Kusama Parachain
    • Bitcoin ATM network

5 – Clover wallets

  1. Clover Finance offers a suite of multi-chain wallets,
    • including a browser extension wallet, mobile wallet, and a new web wallet.
  2. Clover’s browser extension is the first wallet
    • that connects to multiple blockchains at the same time …
  3. … including Polkadot parachains, Solana, and Ethereum-based chains.
  4. This allows users to interact with dApps across different networks,
    • like Ethereum’s Uniswap and Solana’s Raydium,
    • without needing to switch wallets.
  5. The Clover Web Wallet allows users to securely create a multi-chain wallet
    • directly with their social logins.
  6. All of Clover’s wallets support NFTs
    • users can store, view, interact with, and trade them across multiple blockchains.

  • Clover Finance just launched its new …
    • Website
    • Mascot
    • (YES) Web wallet
    • NFT collectible