This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Clearpool?

Clearpool (CPOOL) is a decentralized capital markets ecosystem built on blockchain technology. It offers a unique approach to decentralized finance, bridging the gap between traditional financial mechanisms and crypto lending. The platform provides a marketplace for institutional borrowers to access unsecured liquidity and for decentralized lenders to earn yield. CPOOL is the utility and governance token, facilitating platform governance, rewards, and liquidity provision.

How is Clearpool used?

Clearpool (CPOOL) is a decentralized capital markets ecosystem that connects institutional borrowers with liquidity providers in the DeFi ecosystem. Here's how it works:

  1. Borrowing: Institutional borrowers can access unsecured loans directly from the DeFi ecosystem through Clearpool. These borrowers must stake CPOOL tokens to access the protocol and make proposals to be whitelisted.

  2. Lending: Liquidity providers can earn attractive yields by lending to these borrowers. The interest rates are dynamic and driven by market supply and demand forces. Additionally, liquidity providers receive LP rewards paid in CPOOL tokens, enhancing the pool interest rates.

  3. Governance: CPOOL holders have a crucial role in governance. They vote on the whitelisting of new borrowers, which qualifies them to earn additional CPOOL tokens through an incentive reward scheme. Eventually, a full system of decentralized governance will allow CPOOL holders to propose, vote, and implement future changes and upgrades to the protocol.

  1. Staking: CPOOL staking is required for borrowers to access the protocol. Liquidity providers can also stake CPOOL to earn a yield on their staked tokens.

  2. Buyback Program: Clearpool announces a buyback program, where a share of protocol revenue is used to buy CPOOL tokens in the open market, perpetually sustaining reward pools.

Overall, Clearpool aims to bridge the gap between traditional capital markets and the DeFi ecosystem, providing a new architecture for institutional borrowers and liquidity providers to interact and benefit from each other.

How do I store Clearpool?

To store Clearpool (CPOOL) tokens, you can use the AscendEX wallet, which allows you to safely store your CPOOL tokens. Additionally, you can also use the Clearpool Wallet App, which supports managing CPOOL along with other cryptocurrencies like Ethereum, XRP, Litecoin, and over 1000 other coins and tokens.

How to buy Clearpool?

To buy Clearpool (CPOOL) tokens, you can follow these steps:

  1. Choose a Reliable Exchange:

    • Binance: Although Clearpool is not listed on Binance, you can use Binance to buy Ethereum (ETH) and then transfer it to a decentralized exchange (DEX) that supports Clearpool. Refer to Coinmarketcap.com for a list of centralized exchanges where Clearpool is listed.
    • AscendEX: You can buy Clearpool directly on AscendEX by wiring US Dollars, Euros, or other currencies from your bank account. AscendEX also supports credit card purchases.
    • Kriptomat: Create and verify your account, add funds via bank deposit or credit card, and then select Clearpool from the list of cryptocurrencies to purchase.
    • KuCoin: Sign up on KuCoin, secure and verify your account, add a payment method, and then use a variety of payment options to buy Clearpool.
  2. Set Up a Crypto Wallet:

    • Trust Wallet: Download and set up a Trust Wallet, which supports the Ethereum network. Ensure you have the official Chrome extension or mobile app.
  3. Transfer Funds and Buy Clearpool:

  • Binance: Buy ETH on Binance and transfer it to your Trust Wallet. Then, connect your wallet to a DEX like 1inch and swap your ETH for Clearpool.
  • AscendEX: Buy Clearpool directly on AscendEX using your bank transfer or credit card.
  • Kriptomat: Use your added funds to purchase Clearpool on Kriptomat.
  • KuCoin: Use your added payment method to buy Clearpool on KuCoin's spot market.
  1. Store and Manage Your Clearpool:
    • AscendEX: Store your Clearpool safely on your AscendEX wallet.
    • KuCoin: Manage your Clearpool on KuCoin's platform.

Remember to always follow the specific instructions for each exchange and wallet, and be cautious of scams and market risks.

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