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Clearpool, the first decentralized capital markets ecosystem, is making big moves in the blockchain space as it announced plans to unveil its public testnet and secure partnerships.
According to an official annoucement, Clearpool disclosed the launch of its public testnet on Monday, December 27th, 2021. According to the announcement, the Clearpool community and developers will test run the project before its mainnet launch.
Clearpool Public TestNet Launches December 27th 🥳
Read more about it here!#Clearpool $CPOOL https://t.co/UW6zbOH6WA
— Clearpool (@ClearpoolFin) December 21, 2021
Also, according to its roadmap, the launch of its v1.0 mainnet will be in the first quarter of 2022. Essentially, this will enable users to get more insight into its main features.
Moreover, Clearpool connects institutional borrowers with the DeFi ecosystem, enabling lending services to liquidity providers. Furthermore, it provides institutional borrowers with access to decentralized liquidity without collateral. In addition, liquidity providers will earn interest via staking $CPOOL, lending USDC to institutional borrowers. $CPOOL is the utility token for the Clearpool protocol.
Robert Alcorn, Clearpool co-founder, and CEO expressed delight with the announcement. He noted that the protocol’s team dedication is responsible for the platform’s growth. Also, he took to his official Twitter handle to express his excitement, saying, “Just getting started… $CPOOL.”
More About Clearpool
1. To Unveil Bug Bounty
In addition to letting people test its system, Clearpoool noted that it would launch a bug bounty campaign. This means that users will receive CPOOL anytime they find and report bugs in the protocol system.
Also, the protocol disclosed that the TestNet would be available once the public testnet goes live on December 27th.
2. Clearpool Secures Strategic Partnerships
Meanwhile, it is also essential to know that Clearpool has secured several partnerships to advance its growth. Likewise, via an annoucement, the platform confirmed the collaboration with Hex Trust and Nibbio.
🏦Hex Trust x Clearpool🏦
🔥Hex Trust🔥 to provide custody services to Clearpool participants as well as compliance services, such as KYC, identity verification and transaction monitoring services.
🤝Partnership Details: https://t.co/z0ofZ4eT8z#Clearpool $CPOOL pic.twitter.com/qgr6JvqTdv
— Clearpool (@ClearpoolFin) December 20, 2021
As a result of the partnership, Hex Trust will provide Clearpool with certain services, which include:
- Incubate Clearpool
- Provide custody services for their users
- Provide compliance services for users, among other services
Also, the platform will utilize Hex Trust’s technique to develop custody solutions and compliance services for lenders to mitigate counterparty risks.
$CPOOL Price Update
Clearpool’s native token, $CPOOL, has recorded massive growth as the crypto market recovers in the last 14 days. The token rallied by 5.7% and was trading at $0.8067 at publication. Also, $CPOOL has a circulating supply of 44.7 million CPOOL coins and a total supply of 1 billion.