AMA Recap: PANews x Clearpool — Mandarin Edition

Today marks our second AMA with a Mandarin-speaking community, PANews. Robert Alcorn, Clearpool’s Co-Founder and CEO, was on hand to answer questions.

For Mandarin speakers, don’t forget to join Clearpool’s dedicated Mandarin Telegram channel:

A quick look at the Twitter countdown leading up to the event:

If you’re a Mandarin speaker, join the PANews Telegram channel for up to the minute info on the latest in the blockchain space; click in the box below to get started:

Clearpool x PANews AMA: English and Mandarin

Telegram, the AMA Begins…

Ok, let’s start.

1. 可以简单介绍一下你们团队和Clearpool这个项目吗?// Can you make a brief introduction about Clearpool and your team?

Clearpool is a Decentralized Capital Markets Ecosystem, where institutional borrowers can create single borrower liquidity pools and compete for uncollateralized liquidity directly from the DeFi ecosystem.

是一个去中心化的资本市场生态系统,机构借款方可以在其中创建单一借款人流动性池,并直接从 DeFi 生态系统中争取获得无抵押流动性。

I’m Robert, the CEO and Co-Founder of Clearpool. I have over 20 years of business experience, including 12 years in global financial markets, where I most recently worked as a trader. My expertise is in credit and money markets. I spent a lot of time in these areas and became very familiar with the pain points!

我的名字叫Robert,是Clearpool 的首席执行官兼联合创始人。我拥有超过 20 年的商业经验,其中 12 年从事全球金融市场工作,最近一份工作是担任交易员。我的专长是信贷和货币市场,并且这些领域花了很多时间进行,非常熟悉行业痛点!

My journey in crypto started in 2015. I researched blockchain as a potential custody and settlement layer for a digital wealth management platform I designed. I first bought bitcoin in 2016 and have been trading crypto ever since. I founded Clearpool earlier this year with my friend and ex-colleague Alessio Quaglini, the CEO of Hex Trust.

我的加密之旅始于 2015 年,当时我在研究区块链,并希望将其打造成我设计的数字财富管理平台潜在托管和结算层。2016 年,我第一次购买比特币,此后一直在交易加密货币。今年早些时候,我与朋友兼前同事,也就是 Hex Trust 首席执行官 Alessio Quaglini 共同创立了 Clearpool。

Jakob Kronbichler later joined us on the founding team as our CCO, and he joined us from Aspire, South East Asia’s leading digital Neobank, and previous to that, he was at Rocket Internet, where he launched various start-up ventures.

之后作为 CCO 加入我们的创始团队,当时他在东南亚领先的数字化创新银行 Aspire 工作,而在此之前,Jakob Kronbichler 还在创业孵化器 Rocket Internet 创办了多家初创公司。

Our CTO is Pavel Ivanov, who is an experienced blockchain developer with over 11 years of experience. Pavel and his five developers have lots of experience building on Ethereum and have won several high-profile Ethereum hackathons.

我们的 CTO 是 Pavel Ivanov,他是一位经验丰富的区块链开发人员,拥有超过 11 年的行业经验。 Pavel Ivanov和另外五名开发人员所组成的团队在以太坊区块链上拥有丰富的构建经验,并赢得过几次备受瞩目的以太坊黑客马拉松比赛。

Vadim Zolotokrylin is our Product Owner. Vadim is also very experienced in blockchain, having first got interested in 2011. He has 12 years of experience in early-stage ventures, where he has successfully built and launched technology products in Europe and APAC.

Vadim Zolotokrylin 是我们的产品负责人,他在 2011 年第一次对区块链产生兴趣。Vadim Zolotokrylin 在早期风险投资方面拥有 12 年的经验,曾在欧洲和亚太地区成功构建并推出多款技术产品。

2. 无抵押借贷平台的存款与Aave等采用超额抵押机制的项目相比还有数十倍的差距,你们为何选择这一赛道?你认为未来无抵押借贷市场的规模有多大? // The deposits of uncollateralized lending platforms and over-collateralized lending platforms (such as Aave) still have a gap of dozens of times. Why did you choose this direction? What do you think the market size of uncollateralized lending will be in the future?

The size of the traditional bond market is around $120–130 trillion. We believe there will be a mass migration from the decades-old infrastructure that underpins the traditional market to DeFi, where the advantages to both borrowers and lenders are clear to see. In the future, all debt will be originated on-chain, so by merging the sophistication of traditional financial markets with the benefits of decentralization, Clearpool will position itself at the center of this dynamic, perfectly placed to capture the flow that it will bring.

传统债券市场的规模大约为 120–130 万亿美元,我们相信,市场将从支撑传统市场数十年历史的基础设施大规模迁移到 DeFi 上,因为在 DeFi 上,借贷双方都能获得非常明显的优势。 未来,所有债务都将在链上发起,通过将传统金融市场的复杂性与去中心化的好处相结合,Clearpool 旨在成为这一行业趋势变化的中心,完美地捕捉市场转型所带来的流量。

3. 目前,无抵押借贷项目已有TrueFi和Maple,它们均已吸收了数亿美元的存款,请问Clearpool与它们有什么差异?// TrueFi and Maple are pioneers in this field, both of which have absorbed hundreds of millions of dollars in deposits. What are the differences between Clearpool and them?

Clearpool has been designed to benefit both borrowers and lenders. To solve the problem of overcollateralization, counterparty risk is introduced. The other platforms you mention have multiple borrower pools — large pools of liquidity with many different borrowers, each with their own risk profile. As an LP, when you supply liquidity to these pools, you get a generic/blended exposure to all of these different borrowers and virtually no way to manage this risk; this is not so good for you — the LPs.

Clearpool 旨在为借款人和贷款人带来更多福祉,为了解决超额抵押的问题,我们还引入了交易对手风险。你在问题中所提到的那两个平台都有多个借款人池 — — 这些借款人池都是大型流动性资金池,其中充斥着许多形形色色的借款人,每个人都有自己的风险状况。作为流动性提供者(LP),当您向这些池提供流动性时,将不得不面对所有这些借款人的通用/混合风险敞口,而且几乎没有办法去游戏管理这种风险,这可能对您 — — 一个流动性提供者 — — 来说并不太好。

Clearpool introduces the concept of single borrower liquidity pools. This means that LPs get to decide exactly which type of borrowers they want to lend to. They can take on more or less risk and be rewarded accordingly. And they still have the option to supply liquidity across multiple pools for diversification through our Thematic Pools, another innovation from Clearpool. It is these concepts that allow us to introduce the idea of tokenized credit. The cpTokens that you receive when you supply liquidity to a pool represent the amount of liquidity supplied, accrue the pool’s interest, and represent the risk profile of the pool borrower.

Clearpool 引入了单一借款人流动资金池的概念,这意味着流动性提供者可以准确决定自己想要贷款给哪种类型的借款人,并了解他们可以承担更大风险还是更小风险并获得相应的回报。此外,流动性提供者依然可以选择通过我们的主题池(Thematic Pools,Clearpool 的另一项新创新)在不同流动性池来提供流动性,以实现多样性投资。得益于这些创新概念,帮助我们能够引入代币化信用的概念,流动性提供者在向池中提供流动性时会收到 cpToken ,它代表了你所提供的流动性数量、流动性池的应计利息,也代表流动性池借款人的风险状况。

This is important because it allows for the further innovation of risk management and hedging solutions. This is good for you, the LPs, and it will also attract new lender profiles from TradFi to DeFi, which will allow us to grow our protocol on a massive scale, which also benefits the CPOOL holding community in the long run.

引入代币化信用非常重要,因为它可以支持风险管理和对冲解决方案进一步创新,这对流动性提供者来说是件好事,而且还会吸引更多新贷款人资源从 TradFi 转移到 DeFi 上,这将使我们的协议能够大规模发展,从长远来看,也有利于 CPOOL 社区。

One area which is very important for Clearpool is regulatory compliance. Clearpool has been built with this in mind. Clearpool has a very long-term vision, and achieving this successfully is only possible if you do everything right from the start, which includes taking the importance of regulation, KYC, and AML into consideration. We are in it for the long run!

对于 Clearpool 来说,我们关注的另一个非常重要的领域是合规性。 Clearpool 从构建之初就考虑到了这一点。 Clearpool 有一个非常长远的愿景,我们非常清楚,只有从一开始就做好每件事,包括关注监管、KYC 和 AML 的重要性,才有可能成功实现这一目标,我们会一直关注合规问题!

Interest rates increase with utilization, so LPs are compensated with higher returns when risk increases.

利率会随着使用率的增加而增加,因此当风险增加时,流动性提供者s会得到更高回报的补偿.

4. 可以介绍一下Clearpool的通证经济吗,代币在其中有哪些作用? // Could you introduce the token economy of Clearpool? What are the roles of CPOOL in it?

CPOOL is the utility and governance token for the Clearpool protocol. CPOOL holders will vote on the whitelisting of new borrowers, a process that will qualify participants to earn additional CPOOL through an incentive reward scheme.

CPOOL 是 Clearpool 协议的实用性代币和治理代币。 CPOOL 持有者可以对新晋借款人白名单进行投票,在此过程中,参与者将有资格通过激励奖励计划赚取额外的 CPOOL代币。

Eventually, a full decentralized governance system will be introduced, allowing CPOOL holders to propose, vote, and implement future changes and upgrades to the protocol.

最终,我们将引入一个完整的去中心化治理系统,允许 CPOOL 持有者提案、投票和实施未来对协议的更改和升级。

Pre-staking will be available after the CPOOL launch. A new staking program will be announced before the mainnet launch of the Clearpool v1.0 protocol. CPOOL staking will be a required action for borrowers, who must stake an amount of CPOOL to access the area of the protocol where they can make a proposal to be whitelisted.

CPOOL 代币发布后将提供预质押(Pre-staking)。 在 Clearpool v1.0 协议主网启动之前,我们会宣布一项新的质押计划。 CPOOL 代币质押将是借款人的必要行动,借款人必须质押一定数量的 CPOOL 才能访问协议,然后可以将提案列入白名单。

Liquidity providers earn additional CPOOL rewards, enhancing pool interest rates to attractive levels. Clearpool will announce a buyback program, where a share of protocol revenue will be used to buy CPOOL in the open market to sustain reward pools perpetually.

流动性提供者可以获得额外的 CPOOL 奖励,将流动性池利率提高到有吸引力的水平。 Clearpool 之后将宣布一项代币回购计划,将一部分协议收入用于在公开市场上购买 CPOOL代币,旨在持续维持奖励流动性池。

5. 你认为什么样的用户会选择使用你们的产品?现在有确定的借款机构能够透露吗?在吸引用户存款上,有没有什么激励措施?// What kind of users do you think will choose to use Clearpool? Who are your target users? Are there any potential institutional borrowers that can be revealed? What’s your incentive for users to deposit?

Borrowing on Clearpool is only available for institutions, who first have to be whitelisted by making a proposal to the CPOOL community, who will subsequently reach a consensus decision through governance voting.

目前仅允许机构用户在 Clearpool 上借款,首先,他们必须向 CPOOL 社区提出提案将自己列入白名单,然后再由 CPOOL 社区通过治理投票达成共识后,才能决定是否允许这些机构参与借款。

Clearpool 已经与许多知名机构借款人达成合作 — — 后续将正式官宣,这些合作伙伴将在 Clearpool 上开放初始流动性池。所有初始借款人的资产负债表都非常稳健,其中绝大部分都在执行市场风险中性策略(market risk neutral strategies。

Anybody can be a liquidity provider on Clearpool, from individual DeFi users to large-scale financial institutions — it is permissionless for LPs.

当然,任何人都可以成为 Clearpool 上的流动性提供者,从个人 DeFi 用户到大型金融机构 — — 对于流动性提供者来说,这些都是免许可的。

Clearpool allows retail investors to participate in some types of investment opportunities that in TradFi are typically only available to institutions or HNWIs. The institutional borrowers on Clearpool, such as very successful hedge funds and trading companies, generate huge returns and, therefore, pay higher interest rates for unsecured liquidity. LPs on Clearpool, therefore, get to participate in the success of these firms’ strategies by lending to them and receiving higher rates of interest.

事实上,Clearpool 也允许散户投资者参与某些类型的投资机会,相比之下,TradFi 通常只提供给机构或富裕人士。 Clearpool 的机构借款人,例如非常成功的对冲基金和投资交易公司,可以产生巨大的投资回报,因此他们需要为无担保的流动性支付更高的利率。在这种情况下,Clearpool 上的流动性提供者可以通过向他们提供贷款,并以此获得更高的利率,“共享”这些公司的成功。

Additional bonus rewards paid in the native CPOOL token will boost overall APYs to very attractive levels, especially for long-term holders and stakers. This will make Clearpool one of the most attractive venues in DeFi for lenders and investors.

以原生 CPOOL 代币支付的额外奖金将把整体年化收益提升到非常有吸引力的水平,对长期持有者和质押者吸引力更大,对于 DeFi 中的贷方和投资者来说,Clearpool 无疑是最具吸引力的场所之一。

6. 据我所知,当前的去中心化无抵押借贷平台还没有发生过违约,但平台对于违约的风险需要严格控制。如果违约真的发生,Clearpool将会怎样处理? // As far as I know, the decentralized uncollateralized lending platform has not defaulted yet, but the platform needs to control the risk strictly. If a default occurs, what will Clearpool do?

Clearpool has been designed to solve the problem of overcollateralization that exists on DeFi lending and borrowing protocols. To do this, we have to replace collateral with counterparty risk; this is common in traditional finance and is referred to as unsecured lending.

Clearpool 旨在解决 DeFi 借贷协议中存在的超额抵押问题,为此,我们必须用交易对手风险替代抵押品,这在传统金融中很常见,通常被称为无担保贷款(unsecured lending)。

This means that lenders are exposing themselves to the risk profile of the borrower, but because of the way that interest is calculated on Clearpool, LPs get rewarded with higher interest rates when more liquidity is utilized by the borrower, rewarding them for the additional risk. These rates, along with additional CPOOL rewards, will be very attractive.

在无担保贷款里,贷方会将自己暴露在借款人风险状况下,不过,得益于 Clearpool 计算利息的方式,当借款人使用更多流动性时,流动性提供者就会获得更高的利率奖励,这意味着他们承担的风险越大,获得的奖励也会越多,我们提供的收益利率、以及额外的 CPOOL 代币奖励都非常有吸引力。

Each liquidity pool will also have a recovery pool. A percentage of pool interest will be diverted on each block to the recovery pool. This amount will accumulate over time and will be available to the LPs in the event of a default.

此外,每个流动性池还将有一个回收池。每个区块中,会有一定比例的流动性利息被转移到恢复流动性池(recovery pool)中,金额将随着时间的推移而累积,如果出现违约情况,这些资金将会用来提供给流动性提供者使用。

cpTokens also give LPs the optionality to manage and hedge risks. Our team is working on some exciting decentralized derivative concepts that will enhance overall risk management. Clearpool will be a very sophisticated protocol, another reason why we are so confident of attracting significant flows from TradFi.

cpTokens 还为流动性提供者提供了管理和对冲风险的选择权,我们团队也正在研究一些去中心化衍生品概念,以增强整体风险管理,这些概念无疑令人非常兴奋。 Clearpool 是一个非常成熟的协议,这也是我们如此有信心从 TradFi 吸引大量流量的另一个原因。

7. Clearpool非常受投资机构的欢迎,请问你们如何选择投资机构的?投资机构和合作伙伴能给这个项目带来什么好处? // Clearpool is very popular among investment institutions. How do you choose investors? What benefits can investment institutions and partners bring to Clearpool?

Clearpool is backed by some of the largest and most respected VC and Crypto VC companies in the world, such as Sequoia Capital, Arrington XRP Capital, Sino Global Capital, HashKey, and Huobi Ventures. The complete list can be found on our website.

Clearpool 得到了一些全球规模最大且最受尊敬的传统风险投资公司和加密风险投资公司支持,例如红杉资本、Arrington XRP Capital、Sino Global Capital、HashKey 和Huobi Ventures,如果您想了解我们投资方的更多信息,可以到Clearpool的网站上查看。

Our seed and private sales were significantly oversubscribed, which meant that we could select the very best investing partners to collaborate with. Our investing partners bring a wide range of expertise, experience, and networks which will help us take our talented team to another level.

在种子轮销售和私募销售中, Clearpool都获得了超额认购,这意味着我们可以选择一些最佳投资伙伴并与之合作,这些投资合作伙伴能为我们带来广泛的专业知识、行业经验、以及人脉关系网络,也将帮助我们将整个团队提升到一个新的水平。

My last question

8. 关于以后的规划,现在是否确定了什么时候进行IDO?产品什么时候上线? // Regarding plans, when will the IDO be conducted? And when will the product go live?

Registration opens at 12 pm UTC and lasts for 24 hours. Please go to www.daomaker.com for more info or check our social channels.

The public sale price will be $0.04. There is a $5k community round and a $95k merit round.

We will soon announce details of DEX and CEX listings, so keep an eye on our social channels!

As mentioned, pre-staking will be available as we approach our mainnet launch in January. We will announce more details soon :)

注册时间为世界标准时间10月26日下午12点,我们将持续24小时。如果您想了解更多信息,请访问www.daomaker.com,或者查看我们的社交媒体账户。

CPOOL公开发售价格为0.04美元。,我们的社区发售轮额度为5000美元,奖励发售轮额度为9.5万美元。

后续我们将尽快公布DEX和CEX列表的详细信息,所以请关注我们的社交媒体账户!

如前所述,Clearpool主网会在1月份上线,届时将会提供预质押(pre-staking),我们将很快公布更多细节:)

我们对话环节就到此结束,接下来进入互动问答环节。

Thank…

我们对话环节就到此结束,接下来进入互动问答环节。

Thank you, Rob, for answering the questions. This information is very informative to get to learn more about Clearpool. Now we will open the floor to the audience and join our live Q&A!

Telegram Community Questions

我将解除禁言!大家开始提问哦!

Now welcome everyone to ask questions!

From Wrydais: What about cross-chain? Can the assets in multi chains join?

It has always been our intention to be a cross-chain project. For us, Ethereum was the most logical place to begin. But we are already exploring other chains, and we will decide soon; as soon as we do, we will announce it. Very exciting!

做一个跨链项目一直是我们的初衷。 对我们来说,以太坊是最合乎逻辑的起点。 但是我们已经在探索其他区块链了,我们预计很快就会做出决定,一旦决定被做出,我们就会对外宣布,届时肯定会非常令人兴奋!

From 附近: The idea of the project is unique and incredible. How did it come about?

I have been involved and very interested in crypto since 2015, but I was also still working in TradFi. The longer it went on, the more I realized the benefits of decentralization and cryptography to financial markets, services, and products. My friend and ex-colleague Alessio from Hex Trust were talking about DeFi earlier this year. We decided to try and fix the problem of overcollateralization, as it was a problem for many of the Hex Trust clients. The early feedback on our idea was incredible, so I left my job as a trader and started Clearpool!

自 2015 年以来,我一直在参与加密货币行业,而且对这一领域非常感兴趣,不过我仍在 TradFi 行业里工作。但在这一领域里工作的时间越久,就越意识到去中心化和加密技术可以给金融市场、服务和产品带来更多好处。 今年早些时候,我的朋友,也就是 Hex Trust 的前同事 Alessio 深入研究了 DeFi,并且决定尝试解决超额抵押问题,实际上这也是许多 Hex Trust 客户遇到的问题。 市场对我们想法的早期反馈令人难以置信,所以我决定辞去原来交易员的工作,全身心投入到 Clearpool 中!

From Akira: How does clearpool ensure user asset’s safety?

Our token and vesting contracts have been audited, and we have appointed a top company to audit the contracts for the rest of the protocol; this is ongoing now, and we will, of course, make audits public when they are ready.

Security of user assets is the team’s top priority and always will be.

Clearpool has also partnered with Hex Trust, Asia’s leading digital asset custodian. Hex will be providing custody and transaction monitoring services to Clearpool and its users. Hex is licensed and regulated in Hong Kong and Singapore, so they bring a great deal of expertise; they are the custody experts!

A bug bounty program will also be introduced, and we will announce it, so keep an eye on our channels as incentives and rewards will be available to anyone who wants to participate.

我们的代币、以及代币分配合同已经通过了审计,此前已经请了一家顶级公司来审计协议其余部分的合同; 现在这项工作正在进行中,我们肯定会在审计准备就绪时将结果公之于众。

用户资产的安全是我们团队关注的首要任务,并且永远都会关注。

不仅如此,Clearpool已经与亚洲领先的数字资产托管商 Hex Trust 达成合作。 Hex 将为 Clearpool 及其用户提供加密托管和交易监控服务。 Hex 目前在香港和新加坡获得了监管许可,因此他们可以为Clearpool带来了大量的专业知识; 他们是监护专家!

还将推出漏洞赏金计划,我们将予以公布,因此请密切关注我们的社交媒体账号,任何想要参与的人都可以获得奖励和激励。

From Miss Aria!!!: Can you briefly share your tokenomics and the benefits of token holders? Can one really make money here?

CPOOL is the utility and governance token for the Clearpool protocol. CPOOL holders will vote on the whitelisting of new borrowers, a process that will qualify participants to earn additional CPOOL through an incentive reward scheme.

Eventually, a full decentralized governance system will be introduced, allowing CPOOL holders to propose, vote, and implement future changes and upgrades to the protocol.

Pre-staking will be available after the CPOOL launch. A new staking program will be announced before the mainnet launch of the Clearpool v1.0 protocol. CPOOL staking will be a required action for borrowers, who must stake an amount of CPOOL to access the area of the protocol where they can make a proposal to be whitelisted.

Liquidity providers earn additional CPOOL rewards, enhancing pool interest rates to attractive levels. Clearpool will announce a buyback program, where a share of protocol revenue will be used to buy CPOOL in the open market to sustain reward pools perpetually.

CPOOL 是 Clearpool 协议的实用性代币和治理代币。 CPOOL 持有者可以对新晋借款人白名单进行投票,在此过程中,参与者将有资格通过激励奖励计划赚取额外的 CPOOL代币。我们最终会引入一个完整的去中心化治理系统,允许 CPOOL 持有者提案、投票和实施未来对协议的更改和升级。CPOOL 代币发布后将提供预质押(Pre-staking)。 在 Clearpool v1.0 协议主网启动之前,我们会宣布一项新的质押计划。 CPOOL 代币质押将是借款人的必要行动,借款人必须质押一定数量的 CPOOL 才能访问协议,然后可以将提案列入白名单。流动性提供者可以获得额外的 CPOOL 奖励,将流动性池利率提高到有吸引力的水平。 Clearpool 之后将宣布一项代币回购计划,将一部分协议收入用于在公开市场上购买 CPOOL代币,旨在持续维持奖励流动性池。

From Akira: How does clearpool improve capital utilization?

Clearpool gives institutional borrowers access to uncollateralized liquidity and completely eliminates liquidation risk!

Clearpool 为机构借款人提供无抵押流动性,可以完全规避清算风险!

From si: Which other well-known projects did Clearpool cooperate with? What well-known institutions have been invested in?

Sequoia, Arrington, HashKey, Huobi, Sino Global, and many more, you can find the full list on our website!

我们的投资者有红杉资本、Sequoia, Arrington, HashKey, Huobi, Sino Global 等等,您可以在我们的网站 Clearpool Investor Landscape 上找到全部投资者信息。此外,我们已经与 Hex Trust 达成合作,很快将发布更多合作公告!

Wrapping Up

非常感谢 Rob 今天的分享,也感谢小伙伴们的积极参与,大家还想听谁的分享呢,欢迎告诉我们哦. // Thank you, Rob, for joining us today. We are thrilled to have you here and get to learn more about Clearpool.

Rob: It has been my pleasure! Thank you for inviting me. // 很荣幸,非常感谢邀请我参与. Please follow me on Twitter @rob8830. // 我的推特账户是 @rob8830.

And finally, join Clearpool’s dedicated Mandarin Telegram channel: https://t.me/ClearpoolCN

About Clearpool

Clearpool is a decentralized capital markets ecosystem where institutions can borrow uncollateralized liquidity, and LPs get attractive rewards and risk management solutions. Clearpool introduces several new concepts to DeFi, with the idea of single borrower liquidity pools and tokenized credit giving rise to sophisticated risk management and hedging solutions. Clearpool is revolutionizing debt capital markets; a paradigm shift in how institutions borrow uncollateralized liquidity is upon us.

To learn more, visit www.clearpool.finance and follow us on Twitter and Telegram.

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