Executive Outlook: November Lookback & The Month Ahead
Firstly I would like to welcome all of you who are new to the Clearpool community.
In November, we saw tremendous growth in followers across all of our social media channels. Thank you for being here and supporting Clearpool!
A reminder that you can stake your CPOOL on KuCoin, AscendEX, and Gate, where 100% APR rewards have been extended until the end of the year!
Now let’s look back on what has been a very busy month for the Clearpool team.
Clearpool Whitepaper v2.1
We kicked the month off with the release of our latest Whitepaper, Version 2.1.
It seems like an age ago since I wrote version 1.0 back in April of 2021. Clearpool has come a long way since, and we were very excited to share our vision for the Clearpool protocol.
Related Post: Executive Outlook: October Lookback & The Road Ahead
Partnerships are important for DeFi projects. Collectively we are building the fabric of a new, more transparent and inclusive financial system. In November, Clearpool announced several new partnerships, collaborations that will significantly enhance the infrastructure of decentralized finance.
Clearpool will integrate X-Margin’s privacy-preserving technology to measure and publish institutional borrower creditworthiness. This will enable borrower pools to present an accurate risk score without revealing sensitive information while giving lenders more information than ever before to assess the credit risk of borrowers.
“We share with Clearpool the same vision for managing credit risk, and we’re particularly excited about how our partnership with Clearpool can play a key part in tokenizing credit, allowing a new market to develop. Giving lenders visibility and control over their credit risk will open up the access to capital in the digital asset space, and in turn, lead to a more efficient and liquid market.” — Darshan Vaidya, CEO of X-Margin
The partnership with X-Margin will help Clearpool to create a market for tokenized credit. With the integration of Lithium Finance, Clearpool lenders will be able to efficiently price this tokenization of credit by leveraging Lithium’s Wisdom Nodes and DMI mechanism.
“We are very excited to partner with the Clearpool team on such an innovative product. Through this partnership, we will be one step closer to achieving our goal of providing timely, efficient, and relevant pricing to the broader DeFi ecosystem,” — David Lighton, Co-founder of Lithium Finance.
Clearpool will integrate PARSIQ’s blockchain monitoring tools to enable borrowers and lenders to be immediately notified once critical activities and events are triggered on the protocol.
“We are excited to be supporting and working with the Clearpool team. Clearpool is an example of a perfect symbiosis between CeFi and DeFi that will help propel mass adoption for blockchain-based financial markets. Clearpool Finance allows institutional capital to enter into the decentralized crypto space while maintaining most of the advantages of traditional markets.” — Tom Tirman, CEO of Parsiq.
As we lead up to the mainnet launch of the Clearpool protocol, we will be announcing the borrower profiles for the first liquidity pools on the app. In November, we were very excited to announce the following institutions that have committed to being among the first borrowers on Clearpool.
“We are fascinated by Clearpool’s innovative approach introducing single borrower and continuous pools. We are excited to see how Clearpool will shape the landscape of lending in DeFi.” — Tiantian Kullander, Co-Founder of Amber.
“Leveraging Clearpool’s products, we can borrow with a very high degree of transparency as everything is recorded on-chain. This means we’re always beefing up our credit history.
On top of that, by using Clearpool, we can more directly interact with our lenders. We can also point new potential lenders to our pool on Clearpool, which saves us a lot of hassle in onboarding and settling loans.” — Mike van Rossum, Founder of Folkvang Trading.
We kicked off the Clearpool Webinar Series in November with “Credit Scoring in Crypto and DeFi Compared to TradFi — Differences, Opportunities, Challenges” as our inaugural webinar.
I was delighted to be joined by Darshan Vaidya, CEO of X-Margin, Evgeny Gaevoy, CEO of Wintermute, and Xiao Xiao, Investment Director at HashKey Capital.
The webinar series provides a chance for the Clearpool community to get to know the Clearpool team, Clearpool’s partners and investors, and learn more about the Clearpool protocol.
If you missed it, you can catch a full replay below on YouTube: Credit Scoring in Crypto & DeFi Compared to TradFi: Differences, Opportunities, Challenges.
November was a busy but rewarding month for the Clearpool dev team, whose hard work saw the deployment of the Clearpool smart contracts to the Ethereum testnet ahead of schedule!
This means that we will meet our deadline to release the testnet version of the Clearpool protocol to some lucky members of the community in December for beta testing. Keep an eye on our social channels for details of how you can register for a chance to be a beta tester.
As we also promised in our roadmap, we announced the details of our layer 2 EVM scaling solution. We were thrilled to announce that Clearpool will be coming to the Polygon Ecosystem following the mainnet launch in January.
As usual, we’ve been keeping our worldwide supporters informed via weekly AMAs in various communities.
This past month we had AMAs with:
- MANTRA DAO, you can catch the replay in the video below.
- The Gate.io Russian Community, here’s a link to the recap: AMA Recap: Gate.io Russia & CIS x Clearpool — Russian Edition
- Panony Korean Community, with a Recap in Korean & English created by one of the community members.
- We engaged with our Chinese community via an AMA on WeChat.
- There was another AMA with the Russian Community on Gagarin’s TG Crypto Chat:
- And, we also had another Chinese event with the Yipie Community in both Chinese and English:
- AscendEX hosted our penultimate AMA of November: AMA Recap: AscendEX x Clearpool — English Edition.
- And, last but not least, an audio AMA was hosted in the Alpha Commission discord. You can listen to the whole event in the YouTube recap below:
That’s it for our AMAs in November.
There are many more AMAs planned for December.
December promises to be just as eventful as November was for the Clearpool team and community!
We will continue to announce new borrower profiles and partnerships as we proceed with the build-out of the Clearpool ecosystem.
As mentioned, December will see the release of the Clearpool Protocol on the Ethereum testnet. The source code for the Clearpool smart contracts will be audited by both Pessimistic Security and CertiK.
Our vision is for Clearpool to live in a cross-chain universe. In December, we will announce which blockchain, after Ethereum and Polygon, that Clearpool will be built on next.
Bringing more liquidity to the Clearpool ecosystem is an important goal for our team, and this announcement will be another critical step toward achieving this goal. It will be followed in the New Year with several other announcements which will reinforce our commitment to attract new profiles to DeFi lending and borrowing from CeFi and TradFi.
Thanks for reading, have a great Christmas and New Year to those of you who celebrate the festive season, and I look forward to talking to you again in early January!
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 begin to realize the benefits that decentralized finance can bring to their organizations, Clearpool will provide 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, and many more.