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.
Assets under management
$21.6M
+1.5% 24h
Latest data · 15 min delay
Risks identified
- Counterparty
Loans are uncollateralized. If a whitelisted institutional borrower defaults or becomes insolvent, lenders can lose principal; recovery depends on off-chain legal agreements rather than on-chain collateral, and there is no liquidation backstop.
- Reserve / Depeg
Pools and the Ozean ecosystem depend on stablecoins (USDC, and Hex Trust-issued T-bill-backed USDX). A depeg or reserve shortfall in the underlying stablecoin would directly impair lender balances and yield.
- Smart Contract
Funds flow through audited but complex non-custodial smart contracts (pools, cpTokens, Credit Vaults, PayFi vaults). A contract bug or exploit could lead to loss of deposited funds despite multiple audits.
- Regulatory
Uncollateralized institutional lending and KYC/AML-gated products (Prime) operate in an evolving regulatory environment; changes to securities, lending or stablecoin regulation could restrict access, borrowers or the tokenized-credit model.
- Systemic
Borrowers are concentrated among crypto market makers and trading firms whose solvency is correlated with crypto-market conditions; a broad market shock could trigger simultaneous stress or defaults across multiple pools.