Sei leading protocol Yei Finance launches cross-chain clearing and execution layer product Clovis

BlockBeats News, August 29, according to official sources, Sei ecosystem's leading protocol Yei Finance has launched its cross-chain liquidation and execution layer product Clovis. The first pre-deposit vault reached its deposit cap within one hour of going live. The official announcement states that the next opening will start on September 1.

Clovis is dedicated to integrating fragmented liquidity across chains and building a unified clearing and settlement architecture: the Clearing Layer on the core chain executes global logic, while lightweight vaults on connected chains are responsible for custody and local settlement, thereby forming a shared liquidity pool. This mechanism supports multiple application scenarios such as lending, trading, and cross-chain operations, allowing each deposit to stack yields across various products.