Executive Outlook: December Lookback & The Month Ahead

Published in

Clearpool

5 min readJan 4, 2022

Hello Poolsiders!

December was the month where the “Poolsider” name finally cemented itself as the preferred name for our community members, so Poolsiders I will go with!

Once again, we had tremendous growth in our community during the last month, so welcome to all new Poolsiders as well!

December was another fully stacked month, so let’s get straight into it.

Testnet Launch & Bug Bounty

Of course, the major news from last month was the hotly anticipated launch of the Clearpool Protocol on the Ethereum testnet.

The news was officially announced in our official Telegram groups and on Twitter on December 21st.

In a tip of the hat to the Clearpool dev team, who have done an incredible job in such a short space of time, it was decided that this version would be made available to everyone for testing, rather than to a small batch of initial “testers” as was initially the plan.

The feedback from our community has echoed the confidence of the Clearpool team, with the testnet version being very warmly welcomed indeed.

This version is also currently being tested by a number of Clearpool Partners from the perspective of a pool borrower, and we will be publishing the feedback from these partners soon, so keep an eye out for that.

The release of the testnet was immediately followed by the announcement of our bug bounty program, where a total of 6,000 CPOOL is available to members of the community who can find bugs or suggest ideas to improve the protocol. More details here.

CPOOL 100%+ APR Staking Rewards

Earlier in the month, we announced that 100% APR staking would continue right up to the mainnet launch on KuCoin and Ascendex!

And if this wasn’t a good enough Christmas present already, it was also announced that 122%APR would be available on KuCoin in a separate pool between Dec 31st and Jan 7th to celebrate the New Year in staking style!

Get staking: these rewards will not last forever.

As we have mentioned previously, this is our way of thanking the early members of our community for supporting us and spreading the word about Clearpool.

Clearpool Webinar Series

On December 14th, we hosted the second Clearpool Webinar titled: From TradFi to DeFi — How to Bridge the Gap. I was delighted to be joined by some more heavyweight guests for this one: David Lighton — Co-Founder of Lithium Finance, Franklin Bi — Director of Portfolio Development at Pantera Capital, and Augustus (Augie) Ilag — Investor at Sequoia Capital.

We kicked off by talking about the abundance of talent that is currently lining up to make the transition from TradFi to DeFi before getting deeper into the subject matter. A must-watch for everyone.

More Borrowers Announced

Following the announcements of Folkvang Trading and Amber Group in November, we followed up with some equally impressive names in December:

1. Wintermute

“Clearpool presents optimal access to a more democratized and grass-roots pool of lending compared to more traditional lenders. Additionally, Wintermute seeks to promote Clearpool’s protocol and champion it as a premier DeFi lending solution. The ability to add new types of lending pools and co-develop lending products to benefit the entire ecosystem appeals greatly to Wintermute’s ethos” — Evgeny Gaevoy, Wintermute Founder & CEO

2. FGB

“We believe that decentralized undercollateralized loan market is key to increase capital efficiency and bring DeFi lending to the next level. Clearpool has a strong background in both TraFi and DeFi. They are the team we want to work in long-term.” — FBG Group

3. Nibbio

“We also value the fact that Clearpool is giving access to some yield generating crypto products to more and more lenders and, hence, democratizes investment in crypto for everyone, which is key according to us to develop the whole ecosystem” — Nibbio

We are delighted to have announced these premier institutions as early borrowers on the Clearpool Protocol, and we are very excited to be partnering with them all.

Our business development team is only just getting started. Stay tuned for more borrower and partner announcements in January.

AMAs

As usual, we’ve been keeping our worldwide supporters informed via weekly AMAs in various communities.

This past month we participated in four AMAs with:

Parsiq, AMA Recap: Parsiq x Clearpool — English Edition
CryptoDiffer, AMA Recap: CryptoDiffer x Clearpool — English Edition
Plutus VC & Crypto Family, AMA Recap: CryptoFamily x Clearpool x Plutus VC
KuCoin, KuCoin AMA With Clearpool (CPOOL) — The First Decentralized Dynamic Marketplace for Unsecured Liquidity

That’s it for our AMAs in December.

There are many more AMAs planned for January.

Keep an eye on our Telegram Announcements and Clearpool’s Official Twitter for time and venue details so you can participate in our January AMAs.

What an end that was to 2021 for Clearpool, and what an exciting first quarter we have upcoming as we speed into 2022 with some major milestones ahead, including, of course, our mainnet launch!

Looking Ahead

CPOOL Staking Post Mainnet

One of the questions we get asked the most is along the lines of “what can I do with my CPOOL when the high staking rewards end after mainnet launch.” Well, no need to worry, we’ve got you covered!

We will soon announce details of the CPOOL staking mechanism, introduced when we launch on the mainnet.

This new staking structure has been designed to reward long-term stakers with significantly higher rewards when they interact with the Clearpool Protocol, either as a lender or for certain governance actions.

Stay tuned for more information, but rest assured, this mechanism will make Clearpool one of the most attractive venues for lending in DeFi! We will also announce how much CPOOL borrowers will have to stake (locked for the duration of their pool) and how protocol revenue will be used to buy back CPOOL to sustain reward pools in the future. All contributing to a higher demand for your precious CPOOL!

Also, in January, keep an eye out for:

More borrower and partner announcements
Borrower testing feedback
Clearpool Webinar 3
More AMA’s
Multichain announcement
Bug Bounty results
And much more!

Happy New Year, 2022 is going to be BIG!

Rob

About Clearpool

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.