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      Clearpool Launches Redesigned dApp for CPOOL to CLEAR Token Migration

      Clearpool has introduced a revamped version of its decentralized application, featuring a new swap tool that allows holders to convert their CPOOL tokens into a new token named CLEAR at a 1:1 ratio. This tool became operational on October 5, 2026, following a community governance vote that took place on October 2, where 97.16% of participants supported both the migration and the protocol's expansion to the XRP Ledger.

      The migration marks a significant shift in Clearpool's token economics, with the new CLEAR token launching with a total supply of 1.125 billion tokens, an increase from the previous 1 billion CPOOL tokens. Of this new supply, 70% will be allocated to existing CPOOL holders through the conversion process. Additionally, Clearpool plans to implement a value-return mechanism, directing 50% of protocol fees towards purchasing and burning CLEAR tokens on the open market.

      This token swap is part of a broader strategy to pivot towards institutional lending products on the XRP Ledger, with loans to be settled in RLUSD, a stablecoin issued by Ripple. Clearpool, which originally launched on the Ethereum blockchain in 2021, has facilitated nearly $1 billion in loans to date. The protocol is collaborating with partners including Ripple and Cicada Partners, while Hex Trust is responsible for custody services. Further details regarding the implementation of this strategy are expected in the fourth quarter of 2026.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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