Clearpool Expands to XRP Ledger with CPOOL Token Migration

Clearpool is planning to expand its institutional lending products to the XRP Ledger, which will also involve replacing CPOOL with CLEAR through a 1:1 token migration and treasury recapitalization.

The protocol has proposed that 70% of CLEAR's initial allocation would fund the migration for existing CPOOL holders. Clearpool plans to build credit products around XRPL's proposed vault and lending standards, which include Single Asset Vaults (XLS-65) and the Lending Protocol (XLS-66).

Ripple has committed capital to support yield products denominated in XRP and RLUSD. The protocol fees would be split, with 50% financing open-market CLEAR buybacks and permanent token burns.