Clearpool Launches on Arbitrum, Originates $18M of Loans, and Receives Arbitrum Foundation Grant
Clearpool, the leading DeFi credit protocol pioneering RWA lending, has launched on Arbitrum, the leading Layer 2 technology that empowers you to explore and build in the largest Layer 1 ecosystem, Ethereum.
The integration marks the debut of Clearpool Prime on Arbitrum, a revolutionary institutional-grade credit marketplace. USDC 18 million of loans have already originated upon launching on Arbitrum to Flow Traders, a leading Euronext-listed global trading firm, and Bastion Trading, a prominent global digital assets trading firm and liquidity provider.
Clearpool has also received a grant in ARB tokens from the Arbitrum Foundation to support the protocol’s growth and technical development.
Clearpool Prime represents the future of private credit, seamlessly bridging traditional private credit markets with decentralized lending ecosystems. Designed to meet the growing institutional demand for on-chain credit, Clearpool Prime enables institutions to transact through non-custodial smart contracts in a fully compliant, KYC-verified environment. Since its inception, over $70 million of loans have originated on Clearpool Prime.
Arbitrum, with its powerful suite of Layer 2 scaling solutions, is shaping the future of Ethereum, making it possible for projects to leverage Ethereum’s security to build next-gen apps. With $18.07 billion in Total Value Locked, 2.61 million active wallets, and over 1.1 billion total transactions, Arbitrum has 39% of the L2 market share.
“Launching on Arbitrum marks a significant milestone for Clearpool as we pioneer a new era of institutional-grade credit solutions, bridging traditional finance with DeFi,” commented Jakob Kronbichler, CEO & Co-founder of Clearpool. “The origination of USDC 18 million in loans on Arbitrum upon launch underscores the growing demand and credibility of the Arbitrum ecosystem. We look forward to leveraging Arbitrum’s robust Layer 2 solutions to provide our users with enhanced security and scalability for our on-chain credit marketplace.”
“RWA lending has quickly become a popular investment vehicle for both institutions and retail traders alike,” said Nina Rong, Head of Ecosystem Development at The Arbitrum Foundation. “We’re proud to support Clearpool on the Arbitrum network and provide a grant to spur the protocol’s growth within our community, all while continuing to enhance our DeFi offerings to our expanding and passionate ecosystem of traders.”
The launch positions Clearpool for further expansion by leveraging Arbitrum’s growing ecosystem. Since Clearpool’s mainnet launch in 2022, over $570 million of loans have been originated on the protocol. As the institutional adoption of crypto continues, Clearpool, with Arbitrum’s support, is poised to onboard the next wave of institutions seeking compliant on-chain credit.
About Clearpool
Clearpool is the leading decentralized finance credit marketplace. A permissionless protocol enables institutions to raise unsecured liquidity directly from DeFi markets, while a separate fully permissioned platform, Clearpool Prime, further meets the compliance needs for wholesale borrowing and lending of digital assets by institutional market participants. Liquidity providers on Clearpool earn attractive yields, with pool interest rates enhanced by additional rewards paid in CPOOL — the protocol’s utility and governance token. Clearpool LP tokens, called cpTokens, are the building blocks for a system of tokenized credit and on-chain risk management.
Launched in March 2022, Clearpool has originated over US$570 million in loans with a growing user base spanning both crypto and TradFi institutions such as Wintermute, Jane Street, Fasanara Digital, CoinShares, and others. The protocol launched on the Ethereum mainnet in March 2022, followed by the expansion Polygon PoS, Polygon zkEVM, Optimism, Mantle Network, Flare Network, and Base.
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About The Arbitrum Foundation
The Arbitrum Foundation, founded in March 2023, supports and grows the Arbitrum network and its community with secure scaling solutions for Ethereum. Arbitrum One — a leading Ethereum Layer-2 scaling solution initially developed by Offchain Labs — offers ultra-fast, low-cost transactions with security derived from Ethereum through Optimistic Rollup technology. Launched in August 2021, the Arbitrum One mainnet beta is EVM-compatible to the bytecode level and has 54%+ TVL in the L2 segment. 2000+ DeFi and NFT projects are live in the ecosystem to date. In August 2022, Arbitrum One upgraded to Nitro tech stack, enabling fraud proofs over the core engine of Geth compiled to WASM.
You can learn more about the Foundation and Arbitrum at https://docs.arbitrum.foundation/gentle-intro-dao-governance
