Clearpool Announces a New Borrower Pool — Auros
Clearpool has announced the launch of our next single borrower pool for Auros.
Auros is a leading cryptocurrency market making and high-frequency trading firm operating across all major venues and instruments. A 24/7/365 business, it possesses a world-class team of trading and engineering talent across 15 geographies globally, combining remote work and physical offices in Hong Kong and New York.
Auros is one of the largest participants in cryptocurrency markets, generating daily notional turnover in the billions of dollars. Their long-standing technological heritage combines a systematic approach with sophisticated pricing models and state-of-the-art execution capabilities, regularly iterating to ensure robust, reliable trading performance. Their partnership-based approach to external liquidity provision has rapidly established them as a go-to market maker for token projects.
To learn more about Auros, click here to read their previous partnership interview back in January this year.
Lending on Clearpool
USDC on Ethereum is the first asset that can be lent to Auros’ borrower pool. Clearpool is permissionless for lenders, who only require a web3 wallet connection in order to access the protocol. This gives both individual and institutional lenders equal access to the yield opportunities that are available on Clearpool and lend to top-tier crypto institutions such as Auros.
As a lender, when you provide liquidity to the Auros 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 supplied 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 redeemed at any time, subject to the pool’s liquidity.
Clearpool has already launched four single borrower pools launched by industry-leading crypto native market making and trading firms Wintermute, Amber Group, Folkwang and FBG Capital. The total amount of liquidity provided on Clearpool since the mainnet launch two weeks ago has already surpassed US$50M.
Auros’ Borrower Rating & Capacity
Clearpool has integrated X-Margin’s privacy-preserving technology to dynamically measure and publish Auros’ creditworthiness, and to present an accurate risk score without revealing sensitive information. As a partner, X-Margin helps ensure Clearpool liquidity providers are informed and can make risk-based assessments. At the time of writing, Auros has a borrower rating of ‘A’ and a total Borrow Capacity of US$157M. To learn more about Borrow Capacity and the X-Margin Credit Evaluation Methodology, click here.
Want to lend to Auros? Click here to visit Auros’ pool on the Clearpool app.
Clearpool is a decentralized capital markets ecosystem, where institutional borrowers can create single borrower liquidity pools and compete for uncollateralized liquidity directly from the DeFi ecosystem. Liquidity providers on Clearpool can earn attractive yields, with pool interest rates enhanced by additional LP rewards paid in CPOOL — Clearpool’s utility and governance token. Clearpool LP tokens, called cpTokens, are the building blocks for a system of tokenized credit that will provide Clearpool LPs with risk management and hedging capabilities. As more institutions realize the benefits that decentralized finance can bring to their organizations,
Clearpool is providing the new architecture to facilitate flows between the $120 trillion traditional capital markets and the burgeoning DeFi ecosystem. Clearpool is backed by a long list of top investors from both traditional venture capital and blockchain, including Sequoia Capital India, Arrington Capital, Sino Global Capital, Hex Trust, Huobi Ventures, Kenetic, HashKey, GBV and many more.