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Cryptolending protocol Clearpool has announced the integration of a zero-knowledge Ethereum scaling solution, Polygon zkEVM. The expansion offers high capacity, improved security and reduced gas fees, the project said. Market makers Fasanara and Portofino have already opened their lending pools on Polygon zkEVM.
Clearpool is also working with decentralized yield automation protocol Idle to build DeFi primitives on top of zkEVM pools to offer different risk and yield profiles. According to the developers, liquidity providers will be able to choose between yield tranches and lend digital assets based on their level of risk or reward.
The beta version of the Polygon zkEVM mainnet went live in March 2023, with Vitalik BUTERIN making the first symbolic transaction. The protocol is equivalent to EVM, meaning it supports core network code and allows developers to use existing tools and infrastructure.
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