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For Borrowers
CPOOL can be traded at the following venues:
ETHEREUM: 0x66761fa41377003622aee3c7675fc7b5c1c2fac5
POLYGON: 0xb08b3603c5f2629ef83510e6049edeefdc3a2d91
OPTIMISM: 0xc3630b805F10E91c2de084Ac26C66bCD91F3D3fE
POLYGON zkEVM: 0xc3630b805F10E91c2de084Ac26C66bCD91F3D3fE
Currently all pools will be denominated in stablecoins. Additional assets may be considered based on demand, and can be added via governance in the future.
The process of closing a pool is simple, repay the borrowed amount plus interest, and reach out to the Clearpool Team to close the pool.
There is no notice period required for closing a pool. Pools can be closed at any time by making full repayment (borrowed amount + interest).
Insurance is transferred to protocol revenue when a pool is closed.
Pool size is dynamic, and driven by market supply and demand. When a borrower has a higher/lower utilization rate, the interest rate for the pool will increase/decrease, and theoretically attract/repel liquidity, allowing the borrower to continue the process until the optimum level of liquidity has been reached.
Currently there is no limit to pool sizes, however borrowers can use the utilization curve in order to optimize the total pool size. However, as a borrower you may request a cap on your pool.
When a liquidity pool hits 99% utilization, a provisional default is triggered. In the event of a provisional default the borrower will be given a grace period of 5 days to return the utilization rate to below 85%. The provisional default rate and grace period duration can be modified via governance in the future.
If a pool remains above 85% utilization for the entire grace period, a default is triggered. In the event of a default, an auction will ensue allowing participants to bid for the pool's cpTokens (total debt of the pool). Please see Default for more information.
cpTokens are LP tokens received by liquidity providers when liquidity is supplied to a borrower pool. See cpTokens for more information.
Last modified 19d ago