Clearpool New Borrower LedgerPrime
Clearpool New Borrower — LedgerPrime
The Clearpool New Borrower LedgerPrime. Clearpool has announced the latest single borrower pool to be launched on its DeFi protocol. The pool, launched by LedgerPrime, will be available exclusively on the Clearpool Polygon market.
What is LedgerPrime’s trading strategy?
Multi-strategy asset management firm. Most of the strategies are market-neutral, quantitative and systematic strategies. We focus especially on the derivatives and options markets as market makers.
Why does LedgerPrime want to borrow capital right now?
They are scaling our options trading operations, especially the OTC side, and see unique opportunities to grow our market share. While the revenue from this side of the business can be steady and predictable, options and OTC businesses as a whole can be quite capital-intensive at times.
Why is LedgerPrime interested in borrowing from the Clearpool protocol compared to other DeFi or CeFi options?
The Clearpool’s dynamic market rate adjustment model is innovative. We believe a floating rate, open-term-like experience is best suited for investors and borrowers in the current market environment.
What size LedgerPrime typically borrow and seek to borrow on Clearpool?
They typically borrow from lenders in US$1–2M tranches over several months (US$10–20M in total) and are currently seeking US$5–10M from Clearpool in aggregate.
Why should our community lend to LedgerPrime?
LedgerPrime has been in business for over five years and has demonstrated its ability to withstand a variety of market conditions. LedgerPrime is also wholly own and capitalized by one of the largest firms in the world.
What are some of the risk management strategies in place to ensure lenders’ funds are not misused?
They have stop losses in place for the majority of our trading strategies, and the overall portfolio is constantly stress-teste via simulation. Credit and counterparty risk is mitigate by them via diversification. Theye have strict exposure limits in place for individual counterparties and overall exposure tiers depending on licensing, audits, insurance funds, and transparency of the types of counterparties.
What does the future hold for firm? Where do you see it one year from now?
They aim to be one of the largest electronic and OTC options market makers in the space and will continue to expand our multi-strategy approach as a firm overall.
How they will use the funds that are borrow via Clearpool?
Most of the funds will be use for short-term collateral and trading capital pertaining to the options and OTC business.
LedgerPrime’s Borrower Rating & Capacity
Clearpool has integrate Credora’s privacy-preserving technology to measure and publish LedgerPrime’s creditworthiness dynamically and to present an accurate risk score without revealing sensitive information. As a partner, Credora helps ensure Clearpool liquidity providers are inform and can make risk-based assessments.
About LedgerPrime
The LedgerPrime a multi-strategy digital asset investment firm with investment personnel in the US, Canada, Dubai, Netherlands, and Korea. Launch in 2017 as part of Ledger Holdings, which was subsequently acquire by FTX US in 2021. Historically, our LPs have been large institutional allocators.
About Clearpool
Clearpool the first decentralized marketplace for unsecured digital asset liquidity. Where institutional borrowers can create single-borrower liquidity pools & 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 protocol’s utility and governance token. The Clearpool LP tokens, called cpTokens, are the building blocks for a system of tokenized credit and on-chain risk management.
