Decentralized credit protocol Clearpool is expanding its operations to the XRP Ledger (XRPL) as part of what the company describes as its "next growth phase." The move centers on building institutional lending infrastructure using newly available credit standards on the network.
Clearpool cited XRPL's established track record and the largely untapped institutional credit market as key drivers for the expansion. The protocol will leverage XRP Ledger's Single Asset Vaults (XLS-65) and Lending Protocol (XLS-66) standards, which Clearpool describes as "native, institutional-grade credit rails." The RLUSD stablecoin will serve as a regulated settlement asset within the framework.
Token Migration and Treasury Changes
The expansion includes a migration of Clearpool's CPOOL token to a new token called CLEAR. Existing CPOOL holders will receive CLEAR on a 1:1 basis, while new participants entering the protocol will also receive CLEAR based on their capital contributions and incentives.
The migration proposal includes a treasury recapitalization. With 99% of CPOOL's supply vested and growth reserves exhausted, Clearpool stated it requires additional resources for development and adoption. The new CLEAR token supply will increase from 1 billion to 1.125 billion at the time of migration, with projected circulation reaching 1.428 billion within three years based on the proposed unlock schedule.
The token allocation plan divides the new CLEAR supply as follows: 70% for existing token holders through 1:1 migration, 10% to the ecosystem, 15% to treasury, and 5% to contributors.
Fee Structure and Governance
The proposal includes a buyback and burn mechanism in which half of all protocol fees will be used to purchase CLEAR tokens from the open market for permanent destruction. Clearpool stated that community governance voting will take place on Snapshot, with a 14-day period for community input before a tokenholder vote.
Ripple has committed investment to support the launch of Clearpool's yield products for XRP and RLUSD. This follows an earlier announcement of an institutional credit fund developed by Ripple, Cicada Partners, and Clearpool to offer loans using real-world assets as collateral.
