Polygon to Get Decentralized Capital MarketPlace
Polygon is the most widely used Ethereum scaling and infrastructure building platform.
Clearpool is a Decentralized Capital Markets Ecosystem in which institutional borrowers may pool their liquidity and bid for uncollateralized liquidity straight from the DeFi ecosystem.
The Polygon ecosystem will be home to Clearpool, the first decentralized marketplace offering unsecured liquidity on the blockchain.
Clearpool will integrate the full-stack scaling solution to give its consumers more access and better capabilities.
Polygon is the world’s first Ethereum scaling and infrastructure development framework that is well-structured and easy to use. Polygon SDK is its primary component, a versatile, adaptable framework that allows you to construct and link two solutions: layer 2 chains and sidechains.
Clearpool’s creative product solutions will reach a wider market thanks to the integration with Polygon and its developing ecosystem, which will help the protocol to scale quickly while also enabling a faster and more cost-effective way for users to engage with the DeFi protocol.
Such integration is a clear indication that Clearpool is designing its platform with both retail and institutional users in mind. The Clearpool protocol connects institutional borrowers straight to the DeFi ecosystem, permitting personal and institutional liquidity sources to lend to the crypto firms of their choice.
Clearpool will introduce its tokenized credit solution, single-borrower liquidity pools, and thematic pools to the Polygon ecosystem, offering retail lenders more accessibility to the high-yielding loan options. This has made Clearpool among the most eagerly awaited DeFi debuts in recent memory.
CPOOL is the Clearpool protocol’s utility and governance token. CPOOL holders will vote on whether fresh borrowers should be whitelisted, a procedure that will allow participants to earn more CPOOL through an incentive reward structure. Borrowers will be required to stake a certain amount of CPOOL to gain access to the section of the protocol where they can make a proposal to be whitelisted.
When the Polygon chain starts in January 2022, Clearpool will move its smart contracts to it.