Clearpool
RWA · Private Credit · CPOOL
Clearpool runs institutional uncollateralized lending — whitelisted institutional borrowers access dynamic-rate pools where utilization sets interest. It introduced 'Credit Vaults' for permissioned single-borrower exposure; cpUSD is tied to Credit Vault yields.
Institutional uncollateralized lending pools.
CPOOL price
$0.0201
+1.8% 24h
Latest data · 15 min delay
Research
Components, facts, FAQ, timeline, and tokenomics in one place
Main components (6)
Clearpool Dynamic
Permissionless lending platform where anyone can supply USDC/stablecoin liquidity to whitelisted institutional borrowers' single-borrower pools and earn risk-adjusted, uncollateralized yield with no lock-up. Interest rates float with each pool's utilization ratio.
Clearpool Prime
Institutional-grade, KYC/AML-compliant credit marketplace (live on Optimism from Dec 2023) where whitelisted borrowers and lenders transact short-term unsecured credit through non-custodial smart contracts. Compliance/whitelisting handled via SecuritizeID; supports customizable terms, rolling loans, callback provisions and fixed negotiated rates.
Credit Vaults
Borrower-managed on-chain credit facilities that let institutions set their own parameters (interest rate, maturity, repayment schedule). Portofino Technologies launched the inaugural Credit Vault when Clearpool went live on Base in July 2024.
cpTokens
ERC-20 receipt tokens (similar to LP tokens) minted 1:1 to lenders when they deposit into a borrower-specific pool. cpTokens represent the deposited principal plus interest that accrues every block and are redeemed to withdraw.
CPOOL token
Native utility and governance token with a fixed 1 billion supply. Used for protocol governance (voting on parameters such as interest-rate models), staking, borrower whitelisting mechanics, and incentives; also governs the Ozean ecosystem.
Ozean
Real-World-Asset (RWA) yield Layer-2 chain built on the Optimism OP Stack (via Caldera Rollup-as-a-Service), announced Aug 2024. Uses USDX (a T-bill-backed stablecoin issued with Hex Trust) as the native gas token and auto-distributes native yield on stablecoin balances.
Differentiator
Permissionless lender side over KYC'd institutional borrowers; utilization-driven rates and single-borrower Credit Vaults.
Organizational structure
Units & roles
- Co-Founder & CEO
Robert Alcorn
CFA charterholder and co-founder of Clearpool; previously worked in institutional banking/capital markets. Led the protocol's launch to Ethereum mainnet in March 2022.
- Co-Founder & Chief Commercial Officer
Jakob Kronbichler
Co-founder who joined Robert Alcorn in June 2021; leads commercial and business-development efforts for the institutional credit marketplace.
Investment rounds
Similarity to traditional finance products
How Clearpool maps onto established TradFi structures, and where it diverges.
| TradFi product | Similarity to Clearpool | Key differences |
|---|---|---|
| Unsecured corporate / interbank lending | Both extend credit to vetted institutional borrowers without collateral, pricing the loan on the borrower's creditworthiness and reputation rather than posted assets. | Clearpool executes through non-custodial smart contracts with on-chain transparency and dynamic utilization-based rates, and (in Dynamic pools) lets retail lenders participate permissionlessly, whereas traditional unsecured lending is bank-intermediated, opaque, and restricted to institutional counterparties. |
| Commercial paper | Both provide short-term, unsecured funding to institutions with interest determined by market demand and issuer credit quality. | Clearpool loans are tokenized (cpTokens), settle continuously on-chain, and interest accrues every block, versus standardized fixed-maturity paper cleared through traditional financial infrastructure and rating agencies. |