Clearpool’s Trailblazing Move to Mantle Network
With their integration with the Mantle Network, Clearpool has taken a giant stride forward in the field of decentralised finance (DeFi). With the help of Clearpool’s native token, $CPOOL, this groundbreaking step unites Ethereum’s reliability and security with Layer 2 solutions’ efficiency and scalability. The initiative has received a significant boost with the Mantle Foundation’s generous donation of 250,000 MNT tokens, which will be used to support Clearpool’s expansion into this new market.
Catalyzing Institutional Engagement in DeFi
Igneus Terrenus, the Public Liaison for Mantle, shared his enthusiasm for this collaboration, stating, “We are pleased to see Clearpool launch on Mantle and open up new courseways for institutions to explore Mantle Ecosystem’s DeFi scene. The fresh liquidity from Clearpool’s decentralized financial credit market serves as a public good that irrigates DeFi with more institutional participation, as well as a rising tide that lifts all boats.”
Broadening the Ecosystem with New Entrants
The journey of expansion for Clearpool is marked by the introduction of two new borrowers, Arbelos Markets and Adaptive Frontier, who are stepping into the Clearpool Mantle Market with their inaugural borrower pools. These permissionless pools are a game-changer, offering users the opportunity to lend stablecoins directly to vetted institutions. This setup not only promises dynamic, risk-adjusted returns that grow with each block but also provides the flexibility of zero lock-up periods.
Shiliang Tang, from Arbelos Markets, reflected on their decision to join Clearpool, saying, “Arbelos’ strategic decision to launch a borrower pool on Clearpool is a strong reflection of the protocol’s reputation as a trusted marketplace for DeFi credit. We look forward to accessing on-chain credit through Clearpool’s extensive network of lenders while utilizing their innovative, dynamic pools that precisely cater to our borrowing needs.”
Similarly, Han Chang of Adaptive Frontier expressed his excitement, noting, “We are thrilled to join the Clearpool ecosystem, which has consistently established itself as the most reputable and trustworthy venue to lend stablecoins in DeFi. The rapid growth and credibility that Clearpool has achieved makes it an ideal platform for us to access credit efficiently. We’re excited to be one of the first borrowers on Mantle and participate in this highly-anticipated launch.”
Boosting Returns with MNT Token Incentives
Acknowledging Clearpool’s innovative strides in private DeFi credit and its on-chain migration, the Mantle Foundation has awarded a grant of 250,000 MNT tokens (worth about $158K). This grant is dedicated to enhancing the borrower pools on the Clearpool Mantle Market, further solidifying the protocol’s position at the forefront of offering risk-adjusted returns for lending stablecoins. Lenders are set to receive additional MNT rewards, adding a layer of incentive on top of the interest from borrowers, during an initial 60-day rewards campaign.
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Visionary Paths of Mantle Network and Clearpool
Launched by the erstwhile BitDAO, Mantle Network boasts one of the largest on-chain treasuries globally and has established strategic partnerships to further its vision. Clearpool’s CEO & Co-Founder, Jakob Kronbichler, shared his vision for the collaboration, stating, “Our launch on Mantle Network marks another significant step in our mission to build the most comprehensive, multi-chain DeFi credit marketplace. By offering the scalability and cost advantages of Layer 2 solutions, we are bringing on-chain credit to a wider audience while maintaining the robustness and security of Ethereum. We are thrilled to welcome Arbelos Markets and Adaptive Frontier as the inaugural borrowers on Mantle, underscoring the growing interest and trust in the Clearpool protocol.”
This strategic initiative by Clearpool to integrate with the Mantle Network not only marks a significant milestone in the evolution of the DeFi credit market but also heralds a new chapter of innovation and institutional engagement in the decentralized finance ecosystem.
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