According to Odaily, Clearpool, a decentralized lending market, has announced the launch of Credit Vaults on Base. This new feature allows borrowers to set their parameters, including interest rates, repayment schedules, and KYC requirements, providing them with greater control and customization options.
Since its inception, Clearpool has reportedly issued over $530 million in loans. The platform has attracted 21 institutions to join and establish borrower pools. Among these institutions are Wall Street giant Jane Street, listed companies Banxa and Flow Traders, and leading cryptocurrency trading company Wintermute.
The introduction of Credit Vaults on Base is a significant step for Clearpool, as it enhances the flexibility and control for borrowers in the decentralized lending market. This move is expected to attract more institutions and individual borrowers to the platform, further expanding its reach and influence in the financial sector.