News Report Technology
July 25, 2024

Clearpool Announces Its Launch On Arbitrum, Issuing $7M In Loans, And Receiving Grant

In Brief

Clearpool announced its launch on Arbitrum, enabling users to explore and build within the Ethereum ecosystem.

Clearpool Announces Its Launch On Arbitrum, Issuing $7M In Loans, And Receiving Grant

Decentralized finance (DeFi) credit protocol, Clearpool announced its launch on the Layer 2 network Arbitrum (ARB), enabling users to explore and build within the Ethereum ecosystem.

“This integration provides users with the advantages of Arbitrum’s ultra-fast, low-cost transactions and the security of Ethereum via Optimistic Rollup technology, ultimately increasing the speed and reducing the cost of Clearpool’s credit marketplace. Lenders enjoy higher yields due to additional ARB rewards, which helps attract a diverse range of lenders and benefits borrowers,” said Jakob Kronbichler, CEO of Clearpool, in a conversation with MPost. “Additionally, Clearpool’s expansion into Arbitrum’s ecosystem allows it to benefit from their growing network of retail and institutional lenders,” he added.

The integration marks the introduction of Clearpool Prime, an institutional-grade credit marketplace, on Arbitrum. Following its launch on Arbitrum, loans totaling $7 million USDC have already been issued to Bastion Trading, a global digital assets trading firm and liquidity provider. Furthermore, an additional loans were originated today from Euronext-listed global trading firm Flow Traders, increasing the total loan amount to $18 million, according to the company’s latest update.

Clearpool has also been awarded a grant in ARB tokens by the Arbitrum Foundation to support the protocol’s growth and technical development.

Clearpool Prime is designed to bridge traditional private credit markets with decentralized lending ecosystems, representing the future of private credit. It addresses the increasing institutional demand for on-chain credit by allowing institutions to conduct transactions through non-custodial smart contracts within a fully compliant, KYC-verified environment. Since its launch, Clearpool Prime has facilitated over $70 million in loans.

Arbitrum, with its advanced Layer 2 scaling solutions, is influencing the future of Ethereum by enabling projects to build sophisticated applications while benefiting from Ethereum‘s security. Currently, Arbitrum has $18.07 billion in total value locked (TVL), 2.61 million active wallets, and over 1.1 billion total transactions, holding 39% of the Layer 2 market share.

Clearpool Facilitates Over $570M In Loans Since Launch 

It represents a decentralized credit marketplace that provides permissionless cryptocurrency lending and borrowing services. Users can earn compounding interest on their assets by lending to vetted institutions, benefiting from dynamic, risk-adjusted interest rates and the absence of lockup periods.

The launch positions Clearpool for additional growth by taking advantage of Arbitrum’s expanding ecosystem. Since Clearpool’s mainnet launch in 2022, the protocol has facilitated over $570 million in loans. As institutional adoption of cryptocurrency advances, Clearpool, supported by Arbitrum, is well-positioned to attract the next wave of institutions seeking compliant on-chain credit.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles
Alisa Davidson
Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

Hot Stories
Join Our Newsletter.
Latest News

The Calm Before The Solana Storm: What Charts, Whales, And On-Chain Signals Are Saying Now

Solana has demonstrated strong performance, driven by increasing adoption, institutional interest, and key partnerships, while facing potential ...

Know More

Crypto In April 2025: Key Trends, Shifts, And What Comes Next

In April 2025, the crypto space focused on strengthening core infrastructure, with Ethereum preparing for the Pectra ...

Know More
Read More
Read more
May 2025 in Blockchain: Key Updates and What’s Coming Next
Digest Business Markets Technology
May 2025 in Blockchain: Key Updates and What’s Coming Next
May 30, 2025
May 2025 in Crypto: Projects That Mattered Across Blockchains
Digest Business Markets Technology
May 2025 in Crypto: Projects That Mattered Across Blockchains
May 30, 2025
Crypto Partnerships Power Up: Coinbase, Binance & Bitget Lead the Charge
Digest Business Markets Technology
Crypto Partnerships Power Up: Coinbase, Binance & Bitget Lead the Charge
May 30, 2025
The Next Wave of Crypto: An Exclusive Podcast with Yat Siu
Hack Seasons Interview Business Markets Technology
The Next Wave of Crypto: An Exclusive Podcast with Yat Siu
May 30, 2025