Clearpool is pleased to announce that the Q2 2024 CPOOL buyback and burn have been executed!
The CPOOL purchased increased by 107% QoQ, while the USD spent on the buyback increased by 23% QoQ.
CPOOL Purchased = 563,619.13
USD Spent = $78,455.87
The revenue generated from Clearpool Prime, Credit Vaults, Dynamic Pools, and the 1% monthly fee paid by borrowers were combined. 50% was allocated towards the buyback. This totaled $55,034.97, which was used to purchase 424,849.13 CPOOL
An additional $23,420.90 was used to purchase 138,770 CPOOL from borrowers over the quarter to deplete their staked CPOOL to offset protocol fees.
50% of the tokens were burned, with 50% of the tokens deposited to Rewards.
Want to see what Clearpool was working on during the last quarter? We just released our Q2 report, highlighting our recent progress, key updates, and major achievements. Take a look here to get the full scoop here.
