CPOOL can be traded at the following venues:
ETHEREUM: 0x66761fa41377003622aee3c7675fc7b5c1c2fac5 POLYGON: 0xb08b3603c5f2629ef83510e6049edeefdc3a2d91
Borrowers on Clearpool must be verified institutions. Borrowers have to pass a stringent KYC/AML process to verify their legitimacy before they can open a pool. You can learn more about each borrower by navigating to their pool page on the Clearpool app.
Initially all pools will be denominated in USDC. Additional assets may be considered based on demand, and can be added via governance in the future.
Interest rates will depend on the supply and demand of liquidity for each pool and the resulting liquidity utilization ratio of the pool's borrower.
No, as a lender there are no requirements. Lending to a borrower pool is permissionless and requires only a web3 connection.
Clearpool currently supports MetaMask and Wallet Connect.
Pools can be closed at any time through the borrower making full repayment (borrowed amount + interest). However, lenders can still withdraw liquidity from a closed pool, the pool will still appear in the app when the corresponding lender wallet is connected.
Insurance is transferred to protocol revenue when a pool is closed.
When a liquidity pool hits 99% utilization, a "Warning" is triggered. In the event of a "Warning", the borrower will be given a grace period of 5 days to return the utilization rate to below 85%. The "Warning" rate and grace period duration can be modified via governance in the future.
If a pool remains above 95% 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.