DeFi lending market Clearpool will launch on Optimism’s OP mainnet after securing 150,000 OP tokens, price roughly $202,000, from the Optimism Basis.
Clearpool is designed to let institutional debtors create single-borrower liquidity swimming pools and compete for non-collateral liquidity from a community of decentralized lenders.
Lenders can use the supported pockets infrastructure to lend to whitelisted establishments and earn rewards with out having to lock their cryptocurrencies.
Clearpool is at the moment deployed on Ethereum, Polygon and Polygon zkEVM. It has a complete worth (TVL) of $3.1 million and a market capital of $7.52 million, in accordance with data out there on DeFiLlama.
Learn extra: Clearpool expands uncollateralized lending market to Polygon
The protocol will even work with Idle Finance, a yield automation protocol that has additionally obtained OP 150,000 in grant funding to allow Yield Tranches (YTs) on OP mainnet.
YTs are capital swimming pools designed to mitigate danger. They generate tranche returns by way of varied market-neutral return methods, enabling the segmentation of dangers and returns.
Matteo Pandolfini, founding father of Idle, mentioned this newest launch goals to advance the on-chain DeFi lending market whereas creating new requirements in danger diversification.
“Customers have the power to tailor their DeFi methods to their danger tolerance, permitting them to construct a return portfolio that matches their monetary objectives and ambitions,” Pandolfi mentioned in a press release.