Clearpool Launches on Mantle, Secures MNT Grant & Welcomes Two New Borrowers

Clearpool, the leading DeFi credit marketplace powered by its native token, $CPOOL, has announced its successful launch on the Mantle Network, a Layer 2 rollup that combines Ethereum’s security with cheaper gas fees and higher throughput. Clearpool has received a significant grant of 250,000 MNT tokens (Mantle’s native token), which will be dedicated to promoting the growth of Clearpool on the Mantle Network.

Igneus Terrenus, Public Liaison of Mantle, commented, “We are pleased to see Clearpool launch on Mantle and open up new courseways for institutions to explore Mantle Ecosystem’s DeFi scene. The fresh liquidity from Clearpool’s decentralized financial credit market serves as a public good that irrigates DeFi with more institutional participation, as well as a rising tide that lifts all boats.”

New Borrowers Enter Clearpool & Launch Inaugural Pools

Continuing with the impressive expansion of its borrower ecosystem, today Clearpool also announces two new borrowers, Arbelos Markets and Adaptive Frontier, who are launching permissionless pools on the Clearpool Mantle Market. Permissionless pools on the Clearpool protocol enable users to lend stablecoins directly to whitelisted institutions, and earn dynamic risk-adjusted returns that auto-compound on every block, all while enjoying the freedom of no lock-up periods.

Shiliang Tang, Co-founder and President of Arbelos Markets, commented, “Arbelos’ strategic decision to launch a borrower pool on Clearpool is a strong reflection of the protocol’s reputation as a trusted marketplace for DeFi credit. We look forward to accessing on-chain credit through Clearpool’s extensive network of lenders while utilizing their innovative, dynamic pools that precisely cater to our borrowing needs.”

Han Chang, Co-founder of Adaptive Frontier, commented, “We are thrilled to join the Clearpool ecosystem, which has consistently established itself as the most reputable and trustworthy venue to lend stablecoins in DeFi. The rapid growth and credibility that Clearpool has achieved makes it an ideal platform for us to access credit efficiently. We’re excited to be one of the first borrowers on Mantle and participate in this highly-anticipated launch.”

Boosted Yields Via Additional MNT Rewards

Clearpool has received a grant of 250,000 MNT tokens (currently ~$158K) from Mantle Foundation, acknowledging its groundbreaking efforts in pioneering private DeFi credit and migrating it on-chain. The MNT tokens will be entirely dedicated to bootstrapping the borrower pools on the Clearpool Mantle Market — further amplifying the protocol’s industry-leading, risk-adjusted returns for lending stablecoins. Lenders will receive additional MNT rewards sent to the address they provide liquidity from, in addition to the interest paid by borrowers, for the duration of the rewards campaign, initially set for 60 days.

Mantle Network was launched in 2022 by the erstwhile BitDAO, then one of the world’s largest DAOs, which has since merged with Mantle. Mantle possesses one of the largest on-chain treasury in the world, amounting to more than $2 billion’s worth, and the single largest when discounting native tokens, thanks to its ~270k ETH and ETH liquid staking token (LST) holdings, as well as hundreds of millions of dollars worth of stablecoins. Mantle EcoFund is a catalyzed capital pool of $200 million and counts among its strategic venture partners Dragonfly Capital, Animoca Ventures, Pantera Capital, and Spartan Group. Mantle also governs Mantle Liquid Staking Protocol (Mantle LSP), already the fourth largest LST following its recent launch in December 2023, leapfrogging the likes of Coinbase Wrapped Staked ETH and Frax Ether.

Jakob Kronbichler, CEO & Co-Founder of Clearpool, commented, “Our launch on Mantle Network marks another significant step in our mission to build the most comprehensive, multi-chain DeFi credit marketplace. By offering the scalability and cost advantages of Layer 2 solutions, we are bringing on-chain credit to a wider audience while maintaining the robustness and security of Ethereum. We are thrilled to welcome Arbelos and Adaptive Frontier as the inaugural borrowers on Mantle, underscoring the growing interest and trust in the Clearpool protocol.”

About Clearpool

Clearpool is the leading decentralized finance credit marketplace. A permissionless protocol enables institutions to raise unsecured liquidity directly from DeFi markets, while a separate fully permissioned platform, Clearpool Prime, further meets the compliance needs for wholesale borrowing and lending of digital assets by institutional market participants. Liquidity providers on Clearpool earn attractive yields, with pool interest rates enhanced by additional rewards paid in CPOOL — the protocol’s utility and governance token. Clearpool LP tokens, called cpTokens, are the building blocks for a system of tokenized credit and on-chain risk management.

Launched in March 2022, Clearpool has originated over US$470 million in loans with a growing user base spanning both crypto and TradFi institutions such as Wintermute, Jane Street, Fasanara Digital, CoinShares, and others. The protocol launched on the Ethereum mainnet in March 2022, followed by the expansion to Polygon PoS in July 2022, Polygon zkEVM in July 2023, and Optimism in October 2023.

About Mantle

Mantle Ecosystem comprises an Ethereum layer 2 (L2) — Mantle Network, a decentralized autonomous organization (DAO) — Mantle Governance, one of the largest on-chain treasuries — Mantle Treasury, and an Ether (ETH) liquid staking protocol — Mantle LSP: all built on Ethereum. Mantle token ($MNT) is the unified product and governance token of the ecosystem.

Mantle’s first core product is Mantle Network, an Ethereum L2. Mantle Network strives to be compatible with the Ethereum Virtual Machine (EVM). Mantle Network’s modular architecture separates transaction execution, data availability, and transaction finality into modules — which can be individually upgraded and adopt the latest innovations. Mantle Network is the first L2 to partner with ETH restaking protocol EigenLayer for the data availability module. By adopting a rollup architecture, Mantle Network is secured by Ethereum. As the world’s first DAO-spawned L2, Mantle Network is pioneering a vision for the mass adoption of token-governed technologies.

Mantle token ($MNT) powers Mantle Network as its native gas token and ecosystem growth token, and serves as the governance token of Mantle Governance. All future Mantle products will likewise be initiated by the Mantle token holder community through vote and powered by Mantle token.

Mantle’s second core product is Mantle LSP, a permissionless and non-custodial ETH liquid staking protocol deployed on Ethereum L1 and governed by Mantle. Mantle LSP combines simple and modern design with robust risk management, and leverages extensive existing Mantle Ecosystem resources to deliver a highly rewarding experience and supercharges Mantle’s status as a yield powerhouse. Mantle Staked Ether ($mETH) serves as the value-accumulating receipt token of Mantle LSP.

To support the next-generation of innovators, builders, and developers, Mantle is growing its ecosystem via Mantle Grants Program and Mantle EcoFund, a catalyzed capital pool of $200M. Mantle’s Showcase Apps program lends additional support and publicity to ecosystem projects in categories such as real world assets (RWA).

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