CPOOL is the utility and governance token for the Clearpool protocol.
CPOOL holders will soon be able to vote on the whitelisting of new borrowers who request to open a Clearpool liquidity pool. Voting will be subject to a CPOOL reward incentive scheme - more details to come soon.
When Clearpool achieves full decentralization, CPOOL holders will have full censorship-resistant control of the Clearpool protocol. They will be able to propose, vote and implement future changes and upgrades to the protocol.
A pre-staking program will be available after the public sale launch of the CPOOL token.
Before the mainnet launch of the Clearpool v1.0 protocol, a new long-term staking program will be announced.
CPOOL staking will be a required action for borrowers, who must stake an amount of CPOOL to access the area of the protocol where they can make a proposal to be whitelisted.
Pool APYs are enhanced with CPOOL rewards, making Clearpool one of the most attractive venues for DeFi lenders.