By
Steve Muchoki
April 19th, 2024
In addition to Clearpool Prime, the company announced several new features including Term pools, Exchange Traded Pools (ETP), and secondary trading capabilities for tpTokens among others.
Clearpool, an institutional-grade decentralized lending and borrowing protocol, has outlined new product lines to enhance and solidify its DeFi lending solution. According to the company, Clearpool Prime, a non-custodial DeFi lending protocol for institutional investors, will expand its services to more clients.
“Set for launch in the first quarter, Clearpool Prime will become the gateway for institutional lending in DeFi,” the company noted.
Following the announcement, Clearpool’s native token CPOOL gained approximately 20 percent in the past 24 hours to trade around $0.055187 today.
Notably, Clearpool provides attractive rates of interest on Circle’s USDC and additional liquidity provider (LP) rewards paid in CPOOL governance tokens. Available on Ethereum and Polygon networks, Clearpool takes pride in the total liquidity provided of about $ 2,753,585 and an APR index of around 9.59 percent.
🗓️ We are excited to share our strategic plans for 2023.
Continuing the momentum from 2022, several new product launches have been planned that will continue to solidify Clearpool as the leading #DeFi credit protocol.
1/3$CPOOL pic.twitter.com/TozlPCo8DW
— Clearpool (@ClearpoolFin) February 6, 2023
Clearpool Launches 2023 Product Line
In addition to DeFi lending protocol Clearpool Prime, the company announced several new features including Term pools, Exchange Traded Pools (ETP), and secondary trading capabilities for cp and tpTokens among others. As a result, the company is optimistic its deep liquidity will put its services ahead of competitors in the market.
Notably, Clearpool’s Permissionless pools can now be launched in different digital assets, including all ERC-20 and wrapped ERC-20 tokens such as wETH and wBTC. The company announced that the increase in digital assets supported is meant to widen the liquidity pool.
Term pools, on the other hand, will enable institutional borrowers on Clearpool to attract term liquidity by creating sub-pools with fixed maturity dates and enhanced yields. As a result, institutional lenders can lock their cpTokens within the term pools to earn an additional yield.
The newly launched Exchange Traded Pools (ETP) will allow lenders to diversify liquidity across multiple borrower pools in a single transaction.
“Expected to launch by Q4, ETPs will provide a new level of flexibility and diversification for lenders in the DeFi space. Later on, users will also have the ability to propose different ETP strategies through governance votes,” Clearpool added.
Forward, the company anticipates launching a newly enhanced website in February. Additionally, the company announced that it will look into Refactoring Permissionless UI/UX by the end of the first quarter.
Some of the active borrowers on the Clearpool market include Amber Group, Bastion Trading, FBG Capital, and Folkvang. In total, Clearpool has facilitated a total of 349,728,880 USDC in loans through Ethereum and Polygon’s network.
With strong financial backing – from the likes of Sequoia Capital India, Arrington Capital, Sino Global Capital, HashKey and Wintermute – Clearpool is hopeful to gain more global markets as the crypto industry grows.