Clearpool Mainnet Clears the Pool With Wintermute, Amber Group, and Folkvang Borrower Pools

Bob Coiney

March 23, 2022

A mainnet is a blockchain that performs the functionality of transferring a digital currency from a sender to a recipient. Mainnet is simply the main network, whereby actual transactions take place on a distributed ledger. Mainnets are important in part because they provide a clear value of a cryptocurrency in a real-world implementation. Mainnet in cryptocurrency provides an easy way of gauging a blockchain project’s success when prices are difficult to predict. It is an important technology feature that anyone looking to invest in an Initial Coin Offering should have a clear idea about, before putting any money to use.

Clearing the Pool: Big Wins

According to an official announcement, Clearpool, a Decentralized Capital Markets Ecosystem, where institutional borrowers can create single borrower liquidity pools and compete for uncollateralized liquidity directly from the DeFi ecosystem is set to launch its mainnet at 12:00 pm UTC on March 23. The protocol is powered by its native token (CPOOL) and will initially launch on the Ethereum network, then will go on to launch on Polygon shortly after. Leading crypto institutions like Wintermute, Amber Group, and Folkvang, who jointly trade billions of dollars across major crypto exchanges every day are set to debut their single borrower liquidity pools on the network upon launch.

Dip Your Feets

The integration with Polygon and its growing ecosystem will bring Clearpool’s innovative product solutions to a wider market and allow the protocol to scale at a rapid pace while at the same time providing a faster and more cost-effective option for users to interact with the DeFi protocol. This integration is a lucid signal that Clearpool is being built with both retail as well as institutional users central to its plans. The Clearpool protocol links institutional borrowers directly with the DeFi ecosystem, allowing liquidity providers, both institutional and individual, to lend to the crypto companies of their choice.

Clearpool will bring its single-borrower liquidity pools, thematic pools, and tokenized credit solution to the Polygon ecosystem, giving retail lenders greater access to the high-yielding lending opportunities that have made Clearpool one of the most anticipated DeFi launches in recent times.

The Big Funds Pool: Can You Swim?

The Clearpool community is permissionless for lenders, who only require a web3 wallet connection to access the protocol. This unique feature gives both individual and institutional lenders equal access to the yield opportunities that will be available on Clearpool.

The Community has over $100 million of capital committed to being deployed from a range of liquidity partners from both crypto and traditional finance such as CoinShares, GBV Capital, Hex Trust, Sino Global Capital, CyberX and several others. As the community keeps growing, the size of the liquidity program is expected to grow significantly as more borrower pools are launched in the coming weeks and months. With the big pool, the borrower liquidity pools are continuous and dynamic, meaning they do not have a set maturity date or fixed interest rate.