Clearpool has proposed expanding its institutional lending products on the XRP Ledger platform while replacing the CPOOL token with a new CLEAR token as part of a 1:1 migration. According to the proposal, 70% of the initial distribution of the CLEAR token will be allocated for migration to existing CPOOL holders.
Clearpool plans to create lending products that meet XRP Ledger standards. The protocol anticipates that the new token will be provided to users supplying capital, with CPOOL-based incentives being transferred to the CLEAR token. Clearpool is based on two proposed XRP Ledger standards: Single Asset Vaults (XLS-65) and Lending Protocol (XLS-66), which will help create lending products directly on the platform. “The infrastructure for institutional lending is here. We intend to be the layer that operates on it,” the company stated.
Separately, Ripple has allocated capital to support Clearpool's products offering yields in XRP and RLUSD, with the investment amount undisclosed. This is a continuation of an earlier agreement between Ripple, Clearpool, and Cicada Partners. Under this model, the fund provides working capital loans in RLUSD to fintech and payment companies: approved borrowers receive and repay funds in stablecoin. Cicada is responsible for finding borrowers, setting loan terms, and managing credit risk, while Clearpool provides the infrastructure for creating and managing lending pools. Ripple participates in the fund as a limited partner on the same terms as other investors, without guarantees on losses.
In addition to the migration plan, Clearpool proposed recapitalizing its treasury, as 99% of the CPOOL token supply has already been distributed. The protocol stated the need for additional resources to fund development and attract capital. Upon successful migration, the CLEAR reserve will increase from 1 billion CPOOL tokens to 1.125 billion CLEAR tokens. It is also planned that 50% of all protocol fees will be directed to buying back CLEAR tokens on the open market, followed by burning them. Clearpool expects the planned XRPL products to launch once the relevant standards receive validator approval. The planned unlock schedule will increase the circulation of CLEAR tokens to 1.428 billion over three years.
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