Key facts
- Clearpool is expanding its institutional lending framework to the XRP Ledger.
- The XRP Ledger is nearing its v3.4.0 upgrade, which will include the Lending Protocol v1.1.
- Clearpool plans to migrate its CPOOL token to a new token, CLEAR, with existing holders receiving it on a 1:1 basis.
- Ripple has committed investment to support Clearpool's yield products for XRP and RLUSD.
- The XRP Ledger's Single Asset Vaults (XLS-65) and Lending Protocol (XLS-66) standards are key to Clearpool's expansion.
- Clearpool's proposal includes a token supply increase to 1.125 billion CLEAR, with a buyback and burn mechanism.
Clearpool, a decentralized credit protocol, is expanding its institutional lending framework to the XRP Ledger (XRPL) as the network prepares for its v3.4.0 upgrade, which will feature the Lending Protocol v1.1. This move signifies Clearpool's entry into its next growth phase, aiming to capitalize on XRPL's established infrastructure and the largely untapped institutional credit market.
The integration will introduce new credit primitives and institutional yield products to the XRPL. Clearpool plans to migrate its existing CPOOL token to a new token, CLEAR, with existing members receiving it on a 1:1 basis. Ripple has committed investment to support the launch of Clearpool's yield products for XRP and the RLUSD stablecoin.
The XRP Ledger's Single Asset Vaults (XLS-65) and Lending Protocol (XLS-66) standards are highlighted as key components for this expansion, described by Clearpool as "native, institutional-grade credit rails." The company intends to provide "real-world, institutional-ready lending infrastructure" on the network.
Clearpool's proposal also includes a treasury recapitalization to support development and adoption, with a proposed increase in the CLEAR token supply and a buyback and burn mechanism funded by protocol fees. A community governance vote on Snapshot is open for 14 days prior to a tokenholder vote.