Clearpool, Ripple's on-chain credit partner, is moving its core infrastructure from Ethereum to the XRP Ledger and migrating its native token from CPOOL to CLEAR on a 1:1 basis. The new token carries a fee-burn model, and the move positions Clearpool as Ripple's main on-chain lending partner.
Clearpool is breaking its exclusive ties to Ethereum and shifting its core infrastructure rails to the XRP Ledger. The protocol is initiating a full migration of its native token from CPOOL to CLEAR, effectively becoming Ripple's main on-chain lending partner.
XRPL gains native lending after years on the sidelines
The XRP Ledger has historically been tied to cross-border payments rather than DeFi activity, leaving vast reserves of liquidity idle while Ethereum kept its dominance in lending. That changed with the XRPL v3 upgrade, which gave the network native lending mechanisms for the first time.
Clearpool is entering this market at its earliest stage. The project aims to replicate the model of Morpho, which has attracted more than $14 billion in deposits on Ethereum, but apply it to real-world businesses and private credit instead.
Ripple joins a new institutional credit fund
Clearpool's expansion is tied to a commercial product launch, not just a rebrand. Together with Cicada Partners, the project is launching an institutional credit fund to finance fintech and payment companies, with settlements and payouts conducted exclusively in RLUSD, Ripple's regulated dollar stablecoin.
Ripple itself has joined the fund as a limited partner, supplying the capital needed for the first lending pools. The architecture is already being tested on Devnet, while validators on the mainnet conduct the final vote on activating the lending-related upgrades. Hex Trust, a regulated custodian, will handle security, borrower verification and compliance, connecting the new XRPL pools with familiar ERC-20 infrastructure.
CLEAR resets the treasury with a burn-and-stake model
The previous CPOOL token, launched in 2021 during Ethereum's era of dominance, has exhausted its potential, with 99% of its supply already distributed, leaving no reserves to incentivize liquidity in new markets. CLEAR resets that treasury, and its name reflects a shift away from lending "black boxes" toward open, auditable terms.
To protect the new token's value, Clearpool is reinstating a strict deflationary model: half of all protocol fees will buy back and permanently burn tokens, while the remaining 50% goes to active stakers. The proposal now faces a 14-day community discussion period on the Clearpool forum, after which tokenholders will vote on the migration in a general Snapshot vote.
Source: U.Today
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