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

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

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

Research

article-image

Interchain Labs will focus on sovereign L1s and institutional demand, abandoning plans for smart contracts on the Cosmos Hub

article-image

Also, only three tokens have outperformed bitcoin so far this year: XMR, HYPE and SKY

article-image

The fund group has submitted proposals in recent months for other funds that would hold litecoin, solana, XRP, HBAR, Sui and others

article-image

Momentum’s back — BTC leads, risk assets follow

article-image

Ondo Finance’s acquisition of blockchain development company Strangelove follows its buy of Oasis Pro

article-image

Cryptocurrency and stock traders alike had a lot to unpack Wednesday