For Lenders
Where can I buy CPOOL?
CPOOL can be traded at the following venues:
What is the CPOOL token contract address?
ETHEREUM: 0x66761fa41377003622aee3c7675fc7b5c1c2fac5 POLYGON: 0xb08b3603c5f2629ef83510e6049edeefdc3a2d91 OPTIMISM: 0xc3630b805F10E91c2de084Ac26C66bCD91F3D3fE POLYGON zkEVM: 0xc3630b805F10E91c2de084Ac26C66bCD91F3D3fE MANTLE: 0x0c8927de225Bb1eD9DB05aA7d641E434B95279d8
Who am I lending to?
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.
What other assets are available, other than USDC?
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.
What is the risk assessment process?
The credit risk score displayed on the Clearpool app is calculated by Credora, the specifics of the calculation can be found here.
What are the anticipated rates of interest for lenders?
Interest rates are determined by oracles and will depend on the supply and demand of liquidity for each pool and the resulting liquidity utilization ratio of the pool's borrower.
Do I have to provide any KYC documents?
No, as a lender there are no requirements. Lending to a borrower pool is permissionless and requires only a web3 connection.
Which wallets does Clearpool support?
Clearpool currently supports MetaMask and Wallet Connect.
What happens if a borrower closes a pool while my liquidity is still inside?
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.
What happens to the insurance amount if the pool is successfully closed?
Insurance is transferred to protocol revenue when a pool is closed.
What is a "Warning" status?
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.
What is a default?
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.
What are cpTokens?
cpTokens are LP tokens received by liquidity providers when liquidity is supplied to a borrower pool. See cpTokens for more information.
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