The Clearpool protocol has experienced tremendous growth recently, despite the persistence of challenging conditions for the wider digital-asset industry. This is a testament to the strategy and dedication of the Clearpool team, who have continued to consistently build and deliver.
Since the beginning of March 2023, and following the launch of three new borrower pools, the protocol has seen a stellar increase of 544% in Total Liquidity Provided (TLP), from $2.7 million on 1st March to $17.3 million on 15th May. Total Loans Originated (TLO) now stands at $395 million.
It is worth noting that during the same period, the wider DeFi market experienced a slight drop in TVL by 3.96%.
DeFi lending protocols observed a 15.87% increase in TVL since 1st March.
Growth across all metrics
Over the past couple of months, Clearpool has witnessed growth across all metrics. The team successfully delivered new product enhancements, including a New User Interface for the permissionless app, completing the development of Clearpool Prime (institutional-grade marketplace — launching soon), and the introduction of Credit Risk Premium (an additional parameter to further improve Clearpool’s interest rate model).
The protocol attracted three new borrowers: Portofino (launched 9th March), Fasanara (launched 30th March), and Alphanonce (launched 26th April), and introduced new yield & risk management optionality with the Idle Yield Tranches Integration.
The rise in these metrics is an indication of the trust that Clearpool has built since its launch last year when the protocol’s unique mechanics proved strong in the face of turbulent headwinds for the wider industry (read more here).
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