What is Clearpool?
Clearpool is an Ethereum and Polygon-based platform that merges the institutional unsecured credit market with a decentralized and diversified network. This means that institutional borrowers can have access to unsecured loans and lenders are offered yield-earning opportunities.
In order to borrow, users need an MPC Wallet (multi-party computation wallet). They also have to be evaluated for KYC, AML, and credit risk assessment. KYC stands for “Know Your Customer” and AML for “Anti-Money Laundering”. This process is done by Clearpool’s partner: Credora.
Having all the criteria filled, borrowers need to stake Clearpool native token, CPOOL, and pay the borrower fee. Then, the liquidity pool gets launched by the Clearpool Governor multi-sig. On the platform, the pool can be accessed and funded by lenders – there is no limit to how much lenders can supply.
There are also no criteria for the lenders – anyone can become one. Additionally, the standard protocol ensures that the lender’s personal information is preserved. However, Clearpool also provides a special pool, a customizable Permissioned Pool, if the borrower prefers to have further details about the lender. In this case, lenders also go through KYC.
As of writing, USDC is used as the core currency for all pools.
CPOOL is a utility and governance token. It comes in the form of ERC-20 and it supports MetaMask and Wallet Connect. If you are interested in the current CPOOL price, you can check the price chart featured above.
Use Cases of CPOOL Tokens
As a utility token, the Clearpool crypto asset is given as an extra reward to lenders for supplying liquidity. They earn it in addition to the USDC interest paid by the borrower.
Furthermore, by staking CPOOL, anyone can earn a yield. Besides, as stated before, in order to launch pools, CPOOL needs to be staked.
Moreover, for the interest rate curves on Clearpool permissionless pools to vary easily with market conditions, the platform uses the Oracle governance mechanism. CPOOL payments are dispersed proportionally to Oracle delegators, with the Oracle itself keeping a percentage commission. All Oracles are rewarded depending on the voting power.
Don’t forget you can check the live Clearpool price above.
Who Founded Clearpool?
Clearpool was co-founded by three professionals – Robert Alcorn, Alessio Quaglini, and Jakob Kronbichler.
Robert Alcorn is the CEO. Previously, he worked at First Abu Dhabi Bank as the Executive Director, Head of Repo Trading APAC.
Alessio Quaglini is a Senior Advisor of Clearpool and the current CEO of Hex Trust. He also worked at First Abu Dhabi Bank, as well as at BBVA, Accenture, and CONSOB.
Jakob Kronbichler is the CCO. Before co-founding and managing Clearpool, he held the Commercial Director position at Aspire.
Tokenomics of Clearpool
The max supply of Clearpool coins is 1 billion. Most of it was dedicated to supplying rewards and liquidity, as well as set aside in the reserves. Besides a decent portion was distributed to the team, the ecosystem, and partnerships. Smaller amounts were set aside for investments.
If you're considering getting Clearpool crypto, have a look at the Clearpool price chart. You'll be able to make more informed decisions if you know the way the CPOOL price fluctuates.
