Credit marketplace Clearpool is headed for OP’s mainnet

The DeFi credit marketplace secured 150,000 OP tokens and will be launching undercollateralized lending products on Optimism


Ground Picture/Shutterstock modified by Blockworks


DeFi credit marketplace Clearpool will launch on Optimism’s OP mainnet after it secured 150,000 OP tokens, worth about $202,000, from the Optimism Foundation.

Clearpool is designed to let institutional borrowers create single-borrower liquidity pools and compete for uncollateralized liquidity from a network of decentralized lenders. 

Lenders can use supported wallet infrastructure to lend to whitelisted institutions and earn rewards without having to lock up their cryptocurrencies.  

Clearpool is currently deployed on Ethereum, Polygon and Polygon zkEVM. It has a total value locked (TVL) of $31.32 million and a market capital of $7.71 million, according to information available on DeFiLlama.

Read more: Clearpool scales uncollateralized lending marketplace to Polygon

The protocol will also work with Idle Finance, a yield automation protocol that also received 150,000 OP in grant funding to enable Yield Tranches (YTs) on OP mainnet. 

YTs are capital pools which are designed to mitigate risks, they generate tranche yields through various market neutral yield strategies, allowing for the segmentation of risks and yields.

Matteo Pandolfi, founder of Idle, said that this latest launch is designed to advance the on-chain DeFi credit market, whilst creating new standards in risk diversification. 

“Users have the power to customize their DeFi strategies to match their risk tolerance, enabling them to construct a yield portfolio that aligns with their financial goals and aspirations,” Pandolfi said in a statement. 

Updated Oct. 25, 2023 at 12:45 pm ET: Clarified updated TVL.

Don’t miss the next big story – join our free daily newsletter.


Upcoming Events

Hilton Metropole | 225 Edgware Rd, London

Mon - Wed, March 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Research report - cover graphics (1).jpg


In this report, we dive into crypto private market data to gather insights on where the future of the industry is headed. Despite a notable downturn in private raises, capital continues to infuse promising projects that aim to transform payments, banking, consumer experiences, community, and more, with 2023 being the fourth-largest year for crypto venture capital.


Revolut said that the standalone crypto exchange is currently “invite only”


The stock price jump comes after Coinbase reported ending its seven-quarter run of net losses during the fourth quarter


BUZZ holds shares of Coinbase, Robinhood and MicroStrategy


Opinion: Even though I didn’t pay for my “Diamond Hands” burger with BTC, don’t let that fool you into thinking that crypto’s development is futile


The results mark “a major positive inflection point,” one analyst says, as the exchange carries net income momentum into a crypto rally


While the slate of 10 US spot bitcoin funds have tallied $4.6 billion of net inflows thus far, half of the field is lagging the leaders