Clearpool Brings 50% Fee-Burn CLEAR Token to XRP (XRP) Ledger in Ethereum Exit
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Clearpool is migrating its lending protocol from Ethereum to the XRP Ledger and rebranding its governance token from CPOOL to CLEAR. The move includes a partnership with Ripple, which will serve as a limited partner in the platform's credit fund. Settlements on the new protocol will denominate in RLUSD, Ripple's regulated stablecoin. The reissued CLEAR token will implement a 50% fee-burn mechanism, directing half of protocol fees back to token holders.
The shift signals Clearpool's pivot toward institutional lending infrastructure on an alternative blockchain, away from Ethereum's congested ecosystem. By anchoring to Ripple's regulated stablecoin and securing Ripple as a strategic partner, the protocol is positioning itself within the company's push into institutional finance.
- Clearpool abandons Ethereum for XRP Ledger and rebrands CPOOL to CLEAR, with a 50% fee-burn structure.
- Ripple becomes a limited partner and RLUSD replaces other stablecoins for all fund settlements.
- The move reflects competition among blockchains for institutional lending applications and DeFi revenue.
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Clearpool announces full migration from Ethereum to XRP Ledger with new CLEAR token
🚨 Clearpool migrates from Ethereum to the XRP Ledger and introduces the new CLEAR token. 🔗 The move establishes a partnership with Ripple for institutional lending and liquidity. 💸 All settlements will use RLUSD, Ripple’s new regulated U…
Clearpool Brings 50% Fee-Burn CLEAR Token to XRP (XRP) Ledger in Ethereum Exit
Clearpool exits Ethereum for the XRP Ledger, reissuing CPOOL as CLEAR with a 50% fee burn, an RLUSD-settled credit fund and Ripple as a limited partner.