Clearpool Announces New Borrower — Parallel Capital
The Clearpool New Borrower Parallel Capital. Clearpool has announced the latest single borrower pool to be launched on its DeFi protocol. The pool, launched by Parallel Capital, a high-frequency trading firm, will be available exclusively on the Clearpool Polygon market.
Lending on Clearpool
USDC on Polygon can be lent to the Parallel Capital borrower pool. Clearpool is permissionless for lenders, who only require a web3 wallet connection to access the protocol. This gives both individual and institutional lenders equal access to the yield opportunities available on Clearpool through lending to top-tier crypto institutions such as Parallel Capital.
As a lender, when you provide liquidity to the Parallel Capital pool, you will receive cpTokens relevant to this specific pool in return. cpTokens have three main characteristics; they represent the amount of liquidity that has been supply to a specific pool, they accrue the interest rate for that pool on every block, and they represent the risk profile of the pool borrower. cpTokens can be redeem at any time, subject to the pool’s liquidity.
Clearpool has already launched single borrower pools by industry-leading crypto native market making and trading firms Auros, Wintermute, Amber Group, Folkvang and FBG Capital and Jane Street. The total amount of liquidity provide on Clearpool since the mainnet was launch in March 2022 has already surpassed US$180M.
MATIC Rewards Promotion
To celebrate the launch of Clearpool on Polygon they are excited to announce that Polygon has provide 170,000 MATIC tokens, available to be farm by early LP’s on the Clearpool Polygon Market.
For 60 days commencing on the 28th July 2022, all lenders (LP’s) to liquidity pools on the Clearpool Polygon Market will receive additional LP rewards paid in MATIC. To learn more about the promotion, click here.
Parallel Capital’s Borrower Rating & Capacity
Clearpool has integrated X-Margin’s privacy-preserving technology to dynamically measure and publish Parallel Capital’s creditworthiness, and to present an accurate risk score without revealing sensitive information. As a partner, X-Margin helps ensure Clearpool liquidity providers are inform and can make risk-based assessments.
Clearpool the first decentralized marketplace for unsecured digital asset liquidity. Institutional borrowers can create single-borrower liquidity pools and compete for uncollateralized liquidity directly from a decentralized network of lenders. Liquidity providers on Clearpool earn attractive yields, with pool interest rates enhanced by additional rewards paid in CPOOL.
The Clearpool building the architecture to facilitate flows between traditional capital markets and the burgeoning DeFi ecosystem. The Clearpool back by leading investors from both traditional venture capital and blockchain. Including, Sequoia Capital India, Arrington Capital, Sino Global Capital, Hex Trust, Huobi Ventures, GBV Capital, HashKey, and Wintermute.