According to TechFlow, the DeFi credit protocol Clearpool has officially announced the launch of Credit Vaults on Ethereum’s second-layer network Base. Credit Vaults allows borrowers to customize interest rates, repayment plans, and KYC requirements, which optimizes lending efficiency and provides lenders with higher interest rates, attracting more participants.

Since its launch, the Clearpool protocol has issued more than $530 million in loans and attracted 21 institutions including Jane Street, Banxa and Flow Traders to join its borrowing pool. Jakob Kronbichler, CEO of Clearpool, said that the launch of Clearpool on Base opens up new opportunities for institutions to access private credit on the chain securely and compliantly.