Clearpool To Launch CPOOL Staking On October 10

Lending protocol Clearpool announced that it will launch CPOOL Staking on October 10th, which allows CPOOL holders to stake their tokens to Clearpool Oracle Staking Pools for earnings.

To guarantee that the interest rate curves applied to permissionless pools change fluidly with changing market circumstances, a system that, like the supply and demand for liquidity in the pools itself, is driven by market forces must be introduced; Clearpool Oracles offer this mechanism. And that is why CPOOL Staking was born.

As CPOOL holders, users are able to stake their tokens in Oracle’s Staking Pool. This increases the weight and voting power of that Oracle. The higher the weight, the more emissions (capped at 10% of total CPOOL staked) that Oracle can earn for providing a successful data point in the voting process.

The emissions gained with users’ CPOOL weight will be credited to users as their staking yield, minus the Oracle commission, which is a percentage amount specified by each Oracle. Oracle charges a commission for successfully voting with their CPOOL weight.

Users will contribute to guaranteeing the interest rate pricing mechanism by staking with an Oracle, as Oracles are encouraged to deliver successful submissions in order to attract more staked CPOOL and so enhance their ability to generate proportionately greater emission payouts.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News