Clearpool, a decentralized credit marketplace, announced plans to expand institutional lending infrastructure to the XRP Ledger while restructuring its tokenomics. The proposal includes replacing CPOOL with a new CLEAR token through a 1:1 migration and recapitalizing the treasury to fund network growth and incentives.
The expansion builds on an existing institutional credit initiative involving Ripple and Cicada Partners. Under that arrangement, Clearpool develops the lending infrastructure, Cicada handles loan origination and credit management, and Ripple provides investment capital. Clearpool has facilitated more than $965 million in institutional loans since 2021.
Token Migration and Treasury Recapitalization
Existing CPOOL holders would receive CLEAR on a 1:1 basis, maintaining their token count. Clearpool cited exhausted growth reserves and nearly fully vested CPOOL supply as reasons for the recapitalization.
The proposed model includes a buyback-and-burn program funded by protocol revenue, with half of protocol fees directed toward purchasing CLEAR tokens on the open market and permanently removing them from circulation.
Community members will have a 14-day discussion period before the proposal proceeds to a tokenholder vote through Snapshot. The migration, allocations, supply schedule, and treasury recapitalization remain proposed until governance approval concludes.
XRPL Lending Framework and Network Requirements
Clearpool's XRPL product would use the ledger's proposed XLS-65 Single Asset Vault and XLS-66 Lending Protocol standards, with loans denominated in RLUSD. Single Asset Vaults pool individual assets, while the Lending Protocol handles loan origination, interest, repayment schedules, and default conditions.
Both amendments require approval from XRP Ledger validators before operating on mainnet. Clearpool has tested its integration on Devnet, a test environment where transactions carry no monetary value. The mainnet system would use XRPL features for participant credentials and permissioned access.
The lending framework targets fixed-term institutional credit rather than the automated, overcollateralized lending common in decentralized finance. Other institutional participants, including XRP treasury company Evernorth, have expressed interest in native XRP lending through fixed-rate loans without wrapping assets or transferring them to other blockchains.
Clearpool's roadmap names XDC Network and Ripple as the first institutional ecosystems for expansion beyond its existing networks.
