DeFi

Clearpool To Launch New Institutional-Grade Marketplace Clearpool Prime In Q1

Key Points:

  • Protocol for decentralized financing The forthcoming introduction of Clearpool Prime, a new institutional-grade marketplace, was announced by Clearpool.
  • The marketplace will allow institutions to borrow and lend digital assets on a large scale in a safe, legal environment while also providing market players with liquidity and competitive pricing.
Decentralized lending protocol Clearpool announced the upcoming launch of its new institutional-grade marketplace, Clearpool Prime.

Clearpool Prime, which is scheduled to go operational in Q1, will allow institutions to borrow and lend digital assets on a large scale in a safe, legal environment while also providing market players with liquidity and competitive pricing.

In order to enable institutions to borrow cryptoassets without over-collateralization, Robert Alcorn, a former trader at an investment bank, and Alessio Quaglini, CEO of Hex Trust, established Clearpool in June 2021.

Since overcollateralization is exceedingly capital inefficient, institutional borrowers prefer unsecured debt, which makes up the vast bulk of the world’s debt. Therefore, while the current huge overcollateralized lending protocols (i.e. AAVE, MakerDAO, Compound) make sense for individual, pseudonymous users, they do not work for larger borrowers who need to have options for uncollateralized borrowing in order to truly be driven to come on-chain.

By developing the first dynamic marketplace for uncollateralized institutional liquidity, Clearpool is meeting this demand. It offers these larger players the choice of borrowing from large, liquid pools of crypto-native capital or receiving higher risk-adjusted returns and lower counterparty risk on the money they lend out, as well as programmability, flexibility, transparency, and reduced execution, brokerage, underwriting, and sales/marketing time and costs.

The introduction of Clearpool’s first permissioned pool in collaboration with Jane Street and BlockTower last year signals the advancement of institutional pools to the next stage, which is represented by the Prime marketplace.

The need for compliant access to DeFi has increased since that time. The development of decentralized capital markets will be supported and facilitated by Prime, which was developed, tested, and audited to fulfill institutional needs.

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

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

A Missed Moment with Cardano? Here’s Why Qubetics at $0.0212 Could Be Your Perfect Timing – Explore the Best Crypto to Join Now

If you’ve been regretting missing out on Cardano, Qubetics ($TICS) might just be the ticket…

30 minutes ago

Shiba Inu Price Clears Path To New ATH Of $2 As WallitIQ (WLTQ) Takes The Lead With A 23,000% Surge

The Shiba Inu price is on track to reach a new ATH of $2, while…

30 minutes ago

Best Crypto Presales to Watch This November: Get in Early on These Potential Breakout Coins

So, you’re on the lookout for the next big thing in crypto? Aren’t we all?…

4 hours ago

Robinhood Crypto Now Supports Solana Trading Again

Robinhood Crypto has expanded its U.S. platform with the addition of Solana, Pepe, Cardano, and…

9 hours ago

Missed Out on Chainlink Early Gains? This Layer-1 Project is Set to Explode to $15 After Mainnet Launch

If you’ve been following the crypto space, you already know that Chainlink (LINK) has been…

9 hours ago

This website uses cookies.