Clearpool to Bring Decentralized Capital Markets to Polygon
Clearpool, the first decentralized marketplace for unsecured liquidity on the blockchain, is coming to the Polygon ecosystem.
Clearpool will be integrating the full-stack scaling solution to provide greater access and improved functionality to its users.
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting two major types of solutions: secured chains (aka layer 2 chains), and stand-alone chains (aka sidechains).
The integration with Polygon and its growing ecosystem will bring Clearpool’s innovative product solutions to a wider market and allow the protocol to scale at a rapid pace while at the same time providing a faster and more cost-effective option for users to interact with the DeFi protocol.
This integration is a lucid signal that Clearpool is being built with both retail as well as institutional users central to its plans. The Clearpool protocol links institutional borrowers directly with the DeFi ecosystem, allowing liquidity providers, both institutional and individual, to lend to the crypto companies of their choice.
Clearpool will bring its single-borrower liquidity pools, thematic pools, and tokenized credit solution to the Polygon ecosystem, giving retail lenders greater access to the high-yielding lending opportunities that have made Clearpool one of the most anticipated DeFi launches in recent times.
CPOOL is the utility and governance token for the Clearpool protocol. Holders of CPOOL will vote on the whitelisting of new borrowers, a process that will qualify participants to earn additional CPOOL through an incentive reward scheme. 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.
Clearpool will migrate its smart contracts to the Polygon chain when it launches in January 2022.
“Clearpool is being built to exist in a multi-chain universe where cross-chain liquidity flows can be efficiently leveraged by DeFi lenders and borrowers. The integration with Polygon is an important first step in the development of that vision. Polygon has a huge ecosystem which continues to grow, and we are excited to be bringing our innovative solutions in DeFi lending and borrowing to that ecosystem.” — Robert Alcorn, Clearpool CEO & Co-Founder
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 3000+ applications hosted, 1B+ total transactions processed, ~100M+ unique user addresses, and $5B+ in assets secured.
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.
Liquidity providers on Clearpool can earn attractive yields, with pool interest rates enhanced by additional LP rewards paid in CPOOL — Clearpool’s utility and governance token.
Clearpool LP tokens, called cpTokens, are the building blocks for a system of tokenized credit that will provide Clearpool LPs with risk management and hedging capabilities. As more institutions begin to realize the benefits that decentralized finance can bring to their organizations, Clearpool will provide the new architecture to facilitate flows between the $120 trillion traditional capital markets, and the burgeoning DeFi ecosystem.
Clearpool is backed by a long list of top investors from both traditional venture capital and blockchain including Sequoia Capital India, Arrington Capital, Sino Global Capital, Hex Trust, Huobi Ventures, Kenetic, HashKey, and many more.