(PRESS RELEASE – Singapore, Singapore, November 30, 2023)
OKX’s Web3 Wallet is now integrated with Clearpool. This collaboration enables thousands of OKX Web3 users to lend directly to institutions through Clearpool’s leading lending protocol. Through this partnership, OKX Web3 Wallet users gain access to market-leading risk-adjusted lending opportunities, starting with the Fasanara Digital borrower pool launched on Optimism. This integration also expands Clearpool’s potential user base by a whopping 400,000 daily active users and expands the growth of OKX’s dynamic Web3 ecosystem.
Introducing OKX Web3
OKX is the world’s second largest crypto exchange by trading volume and a leading Web3 technology company with approximately $1 billion in daily trading volumes. OKX’s rapidly growing Web3 ecosystem is anchored by the versatile OKX Wallet, a self-custody crypto wallet that allows users to keep their private keys. OKX Wallet is a portal to the Web3 world, enabling access to OKX-powered and third-party decentralized exchanges (DEXs), DeFi yield services, nft marketplaces, and a wide range of dApps now, including Clearpool.
“Clearpool is incredibly excited and honored to have been selected by OKX Web3 to integrate with their DeFi Wallet, a testament to the growing credibility and trust the protocol has gained. This partnership unlocks a significant expansion of Clearpool’s potential user base as it leverages the vast and growing global OKX Web3 ecosystem. We look forward to continuing the collaboration with OKX Web3 and exploring future possibilities,” he commented. Jakob Kronbichler, CEO and co-founder of Clearpool.
Unlocking access to the OKX Web3 ecosystem
Through integration with Clearpool, OKX Web3 has opened the doors for its users to access pools of permissionless borrowers, allowing direct lending to whitelisted institutions using OKX DeFi. This strategic partnership allows users to earn dynamic, risk-adjusted returns that automatically accrue with each block, while enjoying the flexibility of having no lock-in periods on Clearpool. As an added benefit, lenders will receive rewards in $OP (Optimism’s native token), awarded to Clearpool by the Optimism Foundation. These rewards will be used solely to start borrower groups on Clearpool Optimism Market.
About Clearpool
Clearpool is the leading DeFi credit marketplace. A permissionless protocol allows institutions to obtain unsecured liquidity directly from DeFi markets. At the same time, a separate, fully licensed platform, Clearpool Prime, further meets compliance needs for wholesale borrowing and lending of digital assets by institutional market participants. Liquidity providers on Clearpool earn attractive returns, with pool interest rates enhanced by additional rewards paid in $CPOOL, the protocol’s governance and utility token. Clearpool LP tokens, called cpTokens, are the building blocks of a tokenized credit and on-chain risk management system.
Launched in March 2022, Clearpool has generated over $440 million in loans with a growing user base spanning 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 expansion to Polygon PoS in July 2022, Polygon zkEVM in July 2023, and Optimism in October 2023.
Website | Twitter | Telegram | LinkedIn | Half | Discord
Binance Free $100 (Exclusive): Use this link to sign up and receive $100 free and 10% off fees on Binance Futures for the first month (terms).
<!– ai CONTENT END 1 –>
