CLO by Yei Finance Goes Natively Multichain with Wormhole NTT
Yei Finance has integrated Wormhole’s Native Token Transfers (NTT) to bring its liquidity abstraction token, CLO, from its native home on Sei to BNB Chain. This expansion is a key step in Yei’s mission to unify fragmented DeFi liquidity, allowing Clovis to function as a unified asset across chains, supporting lending, trading, and bridging through a single liquidity layer.
What is Clovis?
Clovis by Yei Finance introduces a clearing and settlement layer designed to solve DeFi's liquidity fragmentation. It uses a hub-and-spoke architecture, with a central hub on Sei for global logic and lightweight vaults on connected chains for local settlement. This creates a single, shared pool of capital that unifies lending, swapping, and bridging across all networks.
What is NTT?
Wormhole’s NTT (Native Token Transfers) is an open and composable framework for seamlessly transferring native tokens across blockchains while preserving their intrinsic properties. NTT is already powering natively multichain tokens for leading projects such as Sky, Lido, WalletConnect, RedStone, and Wormhole's W token, demonstrating its industry-wide impact and reliability.
Why NTT?
For a protocol building a unified cross-chain liquidity layer, eliminating fragmentation is mission-critical. By leveraging Wormhole's NTT standard, Yei Finance ensures that Clovis exists as a single, native asset across all supported chains, starting with Sei and BNB Chain.
This approach prevents the risks and user friction associated with wrapped tokens, which is essential for a protocol designed for seamless lending and trading. With NTT, Yei Finance retains full control over the Clovis token's behavior and upgradeability on each network, providing the flexibility needed to build its ambitious yield stacking and multichain vault infrastructure on a secure and reliable foundation.
Take Your Token Multichain with NTT
NTT is already being used by some of crypto’s most systemically important assets, like Lido’s wstETH and Sky’s (formerly Maker) USDS, to unify users and liquidity.
Check out the Wormhole NTT Docs, or get in touch to go multichain and grow your token’s reach with an open and flexible standard trusted by the industry’s leading crypto assets.
About Wormhole
Wormhole is the leading interoperability platform that powers multichain applications and bridges at scale. Wormhole provides developers access to liquidity and users on over 40 of the leading blockchain networks, enabling use cases that span DeFi, governance, and more.
The wider Wormhole network is trusted and used by teams like Circle and Uniswap. To date, the platform has facilitated the transfer of over 65 billion dollars through over 1 billion cross-chain messages. To learn more about Wormhole, follow on X, join the Discord, and subscribe to the newsletter.