Clearpool, a trailblazer in decentralized finance (DeFi) credit protocols, has recently made significant strides by launching on Arbitrum.
This move introduces Clearpool Prime, an innovative institutional-grade credit marketplace, to the leading Layer 2 technology, enhancing its capabilities within the vast Ethereum ecosystem.
The company has successfully originated $18m in loans to prominent trading firms such as Flow Traders and Bastion Trading, immediately following its launch on Arbitrum.
Clearpool’s operations are transformative in the realm of private credit, ingeniously integrating it with decentralized lending frameworks. The platform caters to a growing demand among institutions for non-custodial, KYC-verified on-chain credit transactions, maintaining compliance and security. To date, Clearpool Prime has facilitated over $70m in loans, demonstrating robust growth and market confidence.
The protocol has also garnered support from the Arbitrum Foundation, which awarded a grant in ARB tokens to foster Clearpool’s technical development and expansion. This support is pivotal for Clearpool’s journey towards refining decentralized finance solutions.
Jakob Kronbichler, CEO and Co-founder of Clearpool, remarked, “Launching on Arbitrum marks a significant milestone for Clearpool as we pioneer a new era of institutional-grade credit solutions, bridging traditional finance with DeFi.
“The origination of USDC 18 million in loans on Arbitrum upon launch underscores the growing demand and credibility of the Arbitrum ecosystem. We look forward to leveraging Arbitrum’s robust Layer 2 solutions to provide our users with enhanced security and scalability for our on-chain credit marketplace.”
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