ClearPool Expands to XRP Ledger, Migrating CPOOL to CLEAR on a 1-to-1 Basis

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โดย CoinPost·GLOBAL·Read original
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ClearPool, an institutional lending protocol for cryptocurrencies, unveiled a proposal on the 11th to expand its business to the XRP Ledger. The plan calls for migrating the existing CPOOL token to a new CLEAR token on a 1-to-1 basis while rebuilding the protocol's financial foundation. Under the proposal, 70% of the new token's supply would be allocated to the migration for existing CPOOL holders, with the remaining 30% distributed to the ecosystem, treasury, and contributors. The supply at the time of migration would rise from the current 1 billion CPOOL to 1.125 billion CLEAR, and expand gradually to roughly 1.428 billion over three years. ClearPool intends to build institutional credit products around the new standards proposed for the XRP Ledger, the Single Asset Vault, or XLS-65, and the Lending Protocol, or XLS-66. Neither standard is yet live on the mainnet, and the validator approval process has not been completed. The plan also calls for directing 50% of protocol fees toward buying back CLEAR on the market and permanently burning the tokens. The proposal will not take effect unless it is approved through a governance vote by token holders. Ripple has reportedly committed to investing in ClearPool to develop yield products denominated in the cryptocurrency XRP and the stablecoin RLUSD, but the proposal document does not specify the size of the investment.

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