Clearpool is a decentralised finance ecosystem incorporating the first-ever permissionless marketplace for institutional liquidity. Driven by market forces of supply and demand, Clearpool’s single-borrower pools enable institutions to raise short-term capital while providing DeFi lenders access to risk-adjusted returns based on interest rates derived by market consensus.. Project Details
What are you building?:
We aim to launch the following products on Optimism:
Clearpool Credit Marketplace
Clearpool is a decentralized credit marketplace, where institutional borrowers can source liquidity from the DeFi ecosystem. Clearpool introduced the primitive of single borrower pools, enabling lenders and other protocols to build their desired lending portfolios. Borrower pools on Clearpool are dynamic with interest rates depending on utilization. These market dynamics incentivise borrowers to make swift repayments in case of high utilization, and result in highly liquid pools for lenders.
Clearpool currently has 4 active borrowers (Fasanara, Portofino, Alphanonce and Auros), while several other leading trading firms such as Wintemute, Amber Jane Street have borrowed previously on the platform and we expect some of previous borrowers to become active again once the market picks up again.
We aim to launch the Clearpool marketplace on Optimism with a combination of new and existing borrowers.
Fintech Dynamic Pool
Currently all borrower profiles on Clearpool are crypto trading firms that are very suitable for the dynamic and permissionless pools we have. We are preparing to launch a new product where Fintechs will be borrowing funds to finance bank settlement periods. These loans will be secured via receivables. The product will be similar to our dynamic pools (same code base, different curve) and hence highly liquid compared to other RWA platforms where liquidity is locked for many months or even years. We already have 2 interested borrowers and would like to launch this new product on Optimism.
Idle Tranching Product
As explained in the application by Idle Finance, we have a very effective partnership with Idle Finance that built a tranching product on top of Clearpool’s borrower pools. Further intersection with other DeFi protocols such as BeethovenX and Aura Finance will guarantee great impact across the Optimism ecosystem.
The Clearpool borrower pools act as the base yield source. LPs lend into to institutions that have been KYCd and undergone a rigorous risk assessment process
Idle Finance has built a tranching product on top of Clearpool that allows users to choose depending on their risk profile and invest in either the Junior (provides first loss coverage) or the Senior Tranche
Integrate yield tranches as underlying yield source of Beethoven X and Aura, in the form of a Boosted Stable Pool. This pool can then be paired with other ecosystem tokens (stablecoins, LST), helping projects increase base pool yields and save on liquidity incentives.
Route OP rewards to vlAURA/maBEETS holders, maximizing rewards’ efficiency and empowering other communities to participate in the overall Optimism ecosystem