Clearpool has announced its expansion to the third blockchain solution by launching on Polygon zkEVM. It will be specifically with the lending marketplace of the protocol. The integration enables Clearpool to leverage a couple of benefits offered by Polygon zkEVM. These include enhanced security measures, reduced fees, and high-speed transactions. Most of it hints that users will be at the end of receiving all the benefits from this integration.
That has to be the ultimate goal for any protocol if it actually wants to survive in the industry. What makes Clearpool and Polygon zkEVM stand out, though, is that this is the third such integration for Clearpool and is completely in line with the aim of advancing its ecosystem with time.
Robert Alcorn, the Chief Executive Officer & Co-Founder of Clearpool, has summarized the interaction pretty smartly. They have said in their statement that this is another building block to the ecosystem of Clearpool that is ever-expanding. Robert has called their collaboration with Polygon a key step for the protocol, adding that it helps them support the foundations of the protocol.
Clearpool, when built, was constructed on the grounds that it would be a multichain protocol with facilities to support cost-effectiveness, scalability, and seamless experience. Robert has now assured the community that they will continue to provide the same benefits to the members even after their launch on Polygon zkEVM. This actually provides confidence to over a million users who are spread across the world. Provision will continue for efficiency, value, and accessibility.
Jack Melnick, the Head of DeFi BD at Polygon Labs, has responded to this statement by expressing excitement about the development. Jack has said that they want to see more growth for Clearpool in the ecosystem of Polygon. They have also highlighted that the integration with Polygon zkEVM strengthens the landscape of decentralized finance along with reinforcing the commitment to provide various financial solutions for the community that is constantly growing.
It is not just the user base that is growing for Clearpool. The venture, launched in March 2022, is also continuously seeing the rise in loans across crypto and traditional financial systems. The number stands at $400 million. The mechanism of Clearpool is backed by Jane Street, Wintermute, CoinShares, Fasanara Capital, and many others. While the mainnet was launched in March 2022, it was soon followed by the launch of Polygon SoS in July 2022. This helped Clearpool position itself in the industry as a scalable multi-chain platform.
Another integration followed in August 2022 when LayerZero entered into the picture as an omnichain interoperability protocol. It facilitates the integration of decentralized applications, also known as dApps, across different blockchains. This helped them bridge CPOOL between Polygon and Ethereum via the dedicated app – Clearpool.
Clearpool and Polygon zkEVM’s interaction has raised eyebrows, with many members expecting a higher throughput, better resistance to censorship, and increased security. Borrowers can simultaneously expect to leverage the benefits of diversified funding and higher efficiencies.
