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

article-image

Ground Picture/Shutterstock modified by Blockworks

share

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.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template.png

Research

The march toward an interoperable and onchain-by-default internet depends on reliable messaging and value transfer across heterogeneous domains. Crosschain protocols now process >$1.3T in combined annual transfer volume and secure tens of millions of user interactions, yet no single design dominates.

article-image

The goal, per Santiago Santos, is to make crypto a relatable piece of tech for people who may not even understand it

article-image

Stripe stablecoin unit aims to operate under a federal charter enabling regulated stablecoin issuance and custody services

by Blockworks /
article-image

Will TradFi make crypto better or create more problems than it solves?

article-image

Subtle decisions by risk curators saved Aave from significant turmoil

article-image

The new Rootstock Institutional unit aims to connect professional investors to Bitcoin-native yield and liquidity strategies anchored in BTC’s security layer

by Blockworks /
article-image

DOJ files record civil forfeiture against more than 127,000 BTC linked to scam activity

by Blockworks /