introduction
On October 25, 2023, the decentralized lending market Clearpool announced that it will launch the Optimism mainnet. Clearpool is currently deployed on Ethereum, Polygon, and Polygon zkEVM. The launch of the OP mainnet will further expand its market coverage and bring new opportunities to the decentralized lending market.
Decentralized lending market Clearpool will be launched on OP mainnet
The decentralized lending market (DeFi lending market) is an important innovation in the blockchain field. It allows users to deposit, borrow and earn interest on assets without relying on intermediaries. According to DeFi Pulse data, the total locked value (TVL) of the DeFi lending market has exceeded US$80 billion, accounting for nearly 40% of the total TVL of DeFi. Among them, the Ethereum network is the main platform of the DeFi lending market, with the most users and projects.
However, the Ethereum network also faces some challenges, such as slow transaction speed, high handling fees, and poor scalability. These problems limit the development of the DeFi lending market and also affect the user experience. In order to solve these problems, some projects have begun to explore the use of Layer 2 solutions, that is, building a faster, cheaper, and more scalable network layer on top of the Ethereum network to improve the performance and efficiency of the DeFi lending market.
OP Mainnet (Optimistic Ethereum Mainnet) is a second-layer solution based on Optimistic Rollup technology, which can achieve smart contract execution compatible with the Ethereum Virtual Machine (EVM) while ensuring the security and finality of the Ethereum network. The advantage of OP Mainnet is that it allows developers and users to seamlessly migrate existing Ethereum applications to the second-layer network and enjoy lower transaction fees, faster confirmation speeds, and higher throughput.
The Optimism mainnet has the following features:
High throughput: The throughput of the Optimism mainnet can reach 100 times that of the Ethereum mainnet.
Low transaction fees: The transaction fee of Optimism mainnet is only 1% of Ethereum mainnet.
High scalability: The Optimism mainnet has high scalability and can meet future growth needs.
Clearpool
Decentralized lending market Clearpool is a platform designed for institutional investors that allows institutional borrowers to create single-borrower liquidity pools and access uncollateralized liquidity directly from the DeFi ecosystem. Clearpool aims to drive a paradigm shift in the money market, allowing institutional investors to more efficiently leverage their assets and bringing higher returns and better risk management to liquidity providers.
Clearpool is currently deployed on Ethereum, Polygon and Polygon zkEVM, and plans to launch the OP mainnet in the fourth quarter of this year. This means that Clearpool will become one of the first DeFi lending projects to support the OP mainnet, providing users with more choices and convenience. Robert Alcorn, founder and CEO of Clearpool, said: “We are very excited to work with the Optimism team to bring Clearpool to OP mainnet. We believe that OP mainnet will bring significant improvements to our users, including lower cost lower transaction costs, faster transaction speeds and better user experience.”
The advantage of Clearpool lies in its high security and stability. Clearpool adopts the order book model, which can effectively avoid the problem of insufficient liquidity. In addition, Clearpool is composed of a group of professional lending institutions, which can provide users with higher security.
Clearpool's launch of the OP mainnet will bring the following new opportunities to the decentralized lending market:
Improve liquidity: The Optimism mainnet has higher throughput and lower transaction fees, which will attract more lending institutions to join Clearpool, thereby improving Clearpool’s liquidity.
Reduced costs: The Optimism mainnet has lower transaction fees, which will reduce Clearpool’s operating costs, thereby providing users with more competitive borrowing and lending rates.
Expand market coverage: The Optimism mainnet is highly scalable, which will enable Clearpool to expand to new users and new markets more easily.
The launch of Clearpool’s OP mainnet is an important milestone in the development of the decentralized lending market. The advantages of Clearpool and the characteristics of the Optimism mainnet will bring new opportunities to the decentralized lending market and promote the further development of the decentralized lending market.
Additional coverage
Previously, on August 20, Clearpool received a 150,000 OP grant from the Optimism Foundation to support its deployment and development on the OP mainnet. The Optimism Foundation is a non-profit organization dedicated to promoting the development and application of Optimistic Rollup technology. It provides OP grants to some outstanding projects every month. The Optimism Foundation stated: "We are honored to support such an innovative and professional project as Clearpool, which provides a unique and valuable solution for institutional investors, while also bringing more liquidity and diversity to the DeFi lending market."
Conclusion
The launch of Clearpool will bring more institutional users and funds to the OP mainnet, and will also bring more vitality and competitiveness to the DeFi lending market. With the continuous improvement and optimization of the OP mainnet, we have reason to expect Clearpool and other DeFi projects to achieve greater development and innovation on the second-layer network.
