Chainwire
Clearpool & OKX Web3 Integration: Bringing Lending Opportunities to 400k OKX Web3 Users
Disclaimer: This is a sponsored press release. Readers should conduct their own research prior to taking any actions related to the content mentioned in this article. Learn more ›
Singapore, Singapore, November 30th, 2023, Chainwire – OKX’s Web3 Wallet is now integrated with Clearpool. This collaboration empowers thousands of OKX Web3 users to lend directly to institutions via Clearpool’s leading credit protocol. Through this partnership, OKX Web3 Wallet users gain access to market-leading, risk-adjusted lending opportunities, starting with Fasanara Digital’s borrower pool launched on Optimism. This integration also expands Clearpool’s potential user base by a whopping 400K daily active users and expands the growth of OKX’s dynamic Web3 ecosystem.
Introducing OKX Web3
OKX is the world’s second-largest crypto exchange by trading volume and a leading Web3 technology company with roughly $1 billion daily trading volumes. OKX’s rapidly growing Web3 ecosystem is anchored by the versatile OKX Wallet, a self-custody crypto wallet allowing users to hold their private keys. OKX Wallet is a portal to the Web3 world, enabling access to both OKX-developed and third-party decentralized exchanges (DEXs), DeFi yield services, NFT marketplaces, and a wide range of dApps now, including Clearpool.
“Clearpool is incredibly excited and honored to have been selected by OKX Web3 to integrate with their DeFi Wallet — a testament to the growing credibility and trust the protocol has gained. This partnership unlocks a significant expansion of Clearpool’s potential user base as it taps into the vast and growing global ecosystem of OKX Web3. We look forward to continuing further collaboration with OKX Web3 and exploring future possibilities,” commented Jakob Kronbichler, CEO & co-founder of Clearpool.
Unlocking Access to OKX Web3’s ecosystem
Through the integration with Clearpool, OKX Web3 has opened the doors for its users to access permissionless borrower pools, enabling direct lending to whitelisted institutions using the OKX DeFi. This strategic partnership allows users the potential to earn dynamic and risk-adjusted returns that automatically compound with each block, all while enjoying the flexibility of no lock-up periods on Clearpool. As an additional benefit, lenders will receive rewards in $OP (Optimism’s native token), granted to Clearpool by the Optimism Foundation. These rewards will be solely utilized to bootstrap the borrower pools on the Clearpool Optimism Market.
About Clearpool
Clearpool is the leading DeFi credit marketplace. A permissionless protocol enables institutions to raise unsecured liquidity directly from DeFi markets. At the same time, a separate, fully permissioned platform, Clearpool Prime, further meets the compliance needs for wholesale borrowing and lending of digital assets by institutional market participants. Liquidity providers on Clearpool earn attractive yields, with pool interest rates enhanced by additional rewards paid in $CPOOL — the protocol’s utility and governance token. Clearpool LP tokens, called cpTokens, are the building blocks for a system of tokenized credit and on-chain risk management.
Launched in March 2022, Clearpool has originated over US$440 million in loans with a growing user base spanning both crypto and TradFi institutions such as Wintermute, Jane Street, Fasanara Digital, CoinShares, and others. The protocol launched on the Ethereum mainnet in March 2022, followed by the expansion to Polygon PoS in July 2022, to Polygon zkEVM in July 2023, and to Optimism in October 2023.
Website | Twitter | Telegram | LinkedIn | Medium | Discord
Contact
Marketing & PR Account Manager
Katie Patterson
Pink Tiger Media
[email protected]
Share
Broadcast your project news with guaranteed coverage on industry-leading publications like CryptoSlate.
CryptoSlate has partnered with Chainwire to deliver press releases distributed across numerous crypto media sites, including Cointelegraph, Decrypt and The Defiant.
Chainwire has been used by over 800 brands and PR agencies worldwide.
Get Started with Chainwire
