Clearpool

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Discover Clearpool's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Clearpool?

Clearpool (CPOOL) is a decentralized capital markets ecosystem built on blockchain technology. It offers a unique approach to decentralized finance, bridging the gap between traditional financial mechanisms and crypto lending. The platform provides a marketplace for institutional borrowers to access unsecured liquidity and for decentralized lenders to earn yield. CPOOL is the utility and governance token, facilitating platform governance, rewards, and liquidity provision.

How is Clearpool used?

Clearpool (CPOOL) is a decentralized capital markets ecosystem that connects institutional borrowers with liquidity providers in the DeFi ecosystem. Here's how it works:

  1. Borrowing: Institutional borrowers can access unsecured loans directly from the DeFi ecosystem through Clearpool. These borrowers must stake CPOOL tokens to access the protocol and make proposals to be whitelisted.

  2. Lending: Liquidity providers can earn attractive yields by lending to these borrowers. The interest rates are dynamic and driven by market supply and demand forces. Additionally, liquidity providers receive LP rewards paid in CPOOL tokens, enhancing the pool interest rates.

  3. Governance: CPOOL holders have a crucial role in governance. They vote on the whitelisting of new borrowers, which qualifies them to earn additional CPOOL tokens through an incentive reward scheme. Eventually, a full system of decentralized governance will allow CPOOL holders to propose, vote, and implement future changes and upgrades to the protocol.

  1. Staking: CPOOL staking is required for borrowers to access the protocol. Liquidity providers can also stake CPOOL to earn a yield on their staked tokens.

  2. Buyback Program: Clearpool announces a buyback program, where a share of protocol revenue is used to buy CPOOL tokens in the open market, perpetually sustaining reward pools.

Overall, Clearpool aims to bridge the gap between traditional capital markets and the DeFi ecosystem, providing a new architecture for institutional borrowers and liquidity providers to interact and benefit from each other.

How do I store Clearpool?

To store Clearpool (CPOOL) tokens, you can use the AscendEX wallet, which allows you to safely store your CPOOL tokens. Additionally, you can also use the Clearpool Wallet App, which supports managing CPOOL along with other cryptocurrencies like Ethereum, XRP, Litecoin, and over 1000 other coins and tokens.

How to buy Clearpool?

To buy Clearpool (CPOOL) tokens, you can follow these steps:

  1. Choose a Reliable Exchange:

    • Binance: Although Clearpool is not listed on Binance, you can use Binance to buy Ethereum (ETH) and then transfer it to a decentralized exchange (DEX) that supports Clearpool. Refer to Coinmarketcap.com for a list of centralized exchanges where Clearpool is listed.
    • AscendEX: You can buy Clearpool directly on AscendEX by wiring US Dollars, Euros, or other currencies from your bank account. AscendEX also supports credit card purchases.
    • Kriptomat: Create and verify your account, add funds via bank deposit or credit card, and then select Clearpool from the list of cryptocurrencies to purchase.
    • KuCoin: Sign up on KuCoin, secure and verify your account, add a payment method, and then use a variety of payment options to buy Clearpool.
  2. Set Up a Crypto Wallet:

    • Trust Wallet: Download and set up a Trust Wallet, which supports the Ethereum network. Ensure you have the official Chrome extension or mobile app.
  3. Transfer Funds and Buy Clearpool:

  • Binance: Buy ETH on Binance and transfer it to your Trust Wallet. Then, connect your wallet to a DEX like 1inch and swap your ETH for Clearpool.
  • AscendEX: Buy Clearpool directly on AscendEX using your bank transfer or credit card.
  • Kriptomat: Use your added funds to purchase Clearpool on Kriptomat.
  • KuCoin: Use your added payment method to buy Clearpool on KuCoin's spot market.
  1. Store and Manage Your Clearpool:
    • AscendEX: Store your Clearpool safely on your AscendEX wallet.
    • KuCoin: Manage your Clearpool on KuCoin's platform.

Remember to always follow the specific instructions for each exchange and wallet, and be cautious of scams and market risks.

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History of Clearpool

Clearpool (CPOOL) is a decentralized capital markets ecosystem built on blockchain technology, aiming to bridge the gap between traditional financial mechanisms and the burgeoning world of crypto lending. Founded by Robert Alcorn and Alessio Quaglini, former banking colleagues, Clearpool emerged from a shared vision to innovate within the DeFi space, leveraging their extensive background in cryptocurrency projects and traditional finance.

Clearpool was launched to address the pressing need for unsecured liquidity in the DeFi market. It introduces a groundbreaking approach to over-collateralization, a significant hurdle for institutional borrowers. The platform enables a direct connection between institutional borrowers and a decentralized network of lenders, democratizing access to credit markets for retail investors.

The platform’s development is led by a team of seasoned blockchain developers, including Chief of Product & Technology Vadim Zolotokrylin. It is supported by major investment partners such as Sequoia Capital India and Arrington Capital. Clearpool’s roadmap includes significant milestones like the expansion of asset support, the launch of new permissionless pools, and the introduction of Clearpool Prime, reflecting a commitment to continuous innovation and expansion.

CPOOL is Clearpool’s utility token, facilitating platform governance, rewards, and liquidity provision. Its maximum supply is capped at 1 billion units, with 450 million (45%) already in circulation as of April 2024. CPOOL holders are empowered to vote on crucial protocol decisions, including the whitelisting of new borrowers, and can earn additional CPOOL through an incentive reward scheme.

Clearpool’s tokenomics are designed to sustain and grow the protocol’s ecosystem through a buyback program. A portion of the protocol’s revenue is allocated to buy CPOOL in the open market, which supports the token’s value and ensures a continuous supply of rewards. The allocation of CPOOL tokens is structured to support the growth and sustainability of the Clearpool ecosystem, with a total supply distributed across various segments.

Overall, Clearpool presents a robust and innovative mechanism within the DeFi space, reshaping the landscape of lending and borrowing through its unique platform.

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How Clearpool works

Clearpool is a decentralized credit marketplace that bridges the gap between traditional finance and decentralized finance (DeFi). It allows institutional borrowers to access unsecured liquidity and provides dynamic, risk-adjusted interest rates without lockup periods. Here's how it works:

Key Components
  1. Whitelisting Process: Institutional borrowers must undergo a rigorous process to gain access to unsecured liquidity. This includes a Know-Your-Customer (KYC) procedure, Anti-Money Laundering (AML) check, credit risk assessment, and staking a certain amount of CPOOL tokens. Once whitelisted, their pool becomes visible on the protocol's dashboard.

  2. Liquidity Providers: Anyone can be a liquidity provider (LP) on Clearpool. LPs can view and fund whitelisted borrowers' pools, receiving LP tokens called cpTokens in return.

  3. Borrower-Specific Pools: Each pool has only one borrower, and borrowers can open uncollateralized positions. This eliminates the need for over-collateralization common in DeFi.

  1. CPOOL Token: The native token, CPOOL, serves as both a governance and utility token. It is used for staking, voting, and rewards. Borrowers must stake CPOOL tokens to open a position, and LPs receive CPOOL tokens as rewards.
Functionality
  • Crypto Lending: Clearpool enables lending with dynamic, risk-adjusted interest rates. There are no lockup periods, and interest compounds on every block.
  • Staking: Users can stake CPOOL tokens to participate in interest rate voting and earn a yield on their staked tokens.
  • Bridge: The platform supports Ethereum and Polygon blockchains, allowing for single-transaction operations.
Security and Transparency
  • Transparent: All transactions are trackable and traceable.
  • Protocol Security: The protocol is audited by industry-leading security firms.
  • Borrowers: Clearpool has an extensive network of KYC'd borrowers.
Institutional DeFi

Clearpool offers KYC & AML compliant access to a global network for wholesale borrowing and lending of digital assets. This makes it an attractive option for institutional borrowers and lenders.

Overall, Clearpool's decentralized credit marketplace provides a unique solution for institutional borrowers and decentralized lenders, offering dynamic interest rates, uncollateralized positions, and a robust governance model.

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Clearpool's strengths

The token Clearpool (CPOOL) has several strengths that contribute to its utility and value within the Clearpool ecosystem:

  1. Governance and Utility Token: CPOOL is both a governance and utility token, allowing holders to participate in decision-making processes and earn rewards through staking and lending activities.

  2. Staking for Whitelisting: Borrowers must stake CPOOL tokens to be whitelisted, ensuring a stakeholder-driven environment where users are involved in the protocol’s governance and evolution.

  3. Enhanced Lending Interest Rates: Liquidity providers can stake CPOOL to increase interest rates, making the lending environment more attractive and competitive.

  1. Incentive Rewards: CPOOL holders can earn additional tokens through an incentive reward scheme, aligning the community’s interests with the protocol’s growth and security.

  2. Tokenomics and Buyback Program: Clearpool’s tokenomics are designed to sustain and grow the ecosystem through a buyback program, which supports the token’s value and ensures a continuous supply of rewards.

  3. Integration into Lending Solutions: CPOOL is critical in balancing the protocol’s liquidity needs with the desire to offer competitive yields, ensuring Clearpool remains a leading destination for DeFi lending and borrowing.

These strengths highlight the multifaceted role of CPOOL in maintaining the integrity and functionality of the Clearpool ecosystem.

Clearpool's risks

Clearpool (CPOOL) is a decentralized finance (DeFi) ecosystem that offers a unique approach to unsecured institutional liquidity. Despite its innovative features, the token is considered a high-risk investment. The risk gauge rank for CPOOL indicates that it is currently a high-risk investment, primarily due to its susceptibility to price manipulation based on recent changes in volume and market capitalization.

The platform's permissionless marketplace allows institutions to raise short-term capital while providing DeFi lenders with risk-adjusted returns based on interest rates derived by market consensus. This setup can lead to volatility in the token's value, making it a high-risk investment for traders focused on risk assessment.

Additionally, the token's value is influenced by its use in governance, rewards, and liquidity provision. The tokenomics are designed to sustain and grow the protocol's ecosystem through a buyback program, which can impact the token's value and stability.

Overall, Clearpool's financial risks are primarily related to its market volatility and the potential for price manipulation, making it a high-risk investment for traders and investors.

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Did Clearpool raise funds?

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Clearpool’s team

Here is the team behind the crypto Clearpool (CPOOL):

  • Robert Alcorn, CFA: Co-Founder, Chairman
  • Jakob Kronbichler: Co-Founder, CEO
  • Alessio Quaglini: Co-Founder, Senior Advisor
  • Vadim Zolotokrylin: Chief of Product & Technology
  • Sam Ameen: Chief of Marketing
  • Varinder Singh: Head of Operations
  • Jeremiah Marquez: Head of Business Development
  • Pavel Ivanov: Contributor
  • Dan Kaizer: Contributor
  • Anna Voshkarina: Contributor
  • Egor Polyakov: Contributor
  • Alex Davydov: Contributor
  • Vladimir Ivanov: Contributor
  • Max Terekhov: Contributor
  • Roman Strekha: Contributor
  • Alexandr Kondakov: Contributor

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