Clearpool, a credit marketplace in the decentralized sector for permissionless crypto borrowing and lending, has recently announced a new blockchain. Ozean, the exclusive blockchain of Clearpool, focuses on enhancing the yield concerning real-world assets and gets support from Optimism to revolutionize the DeFi sector. The platform took to X to provide the details of the latest project.
Clearpool Launches an Exclusive Blockchain to Offer Increased RWA Yields
In its recent X post, Clearpool expressed its enthusiasm regarding this blockchain. it added that the project seamlessly integrates RWAs while maintaining consumer-friendliness and compliance. It reportedly enables clients to automatically get local yield. $CPOOL, the local token of Clearpool will drive the Ozean ecosystem. It has an advanced staking mechanism that rewards those who stake $CPOOL.
As included in the Superchain of Optimism, OP Stack has provided the foundation to build Ozean. According to the platform, Ozean will allocate a part of the revenue thereof to the Optimism Collective in this respect. The roolup-as-a-service platform of Caldera reportedly powers Ozean. Caldera potentially stands among the fastest-developing ecosystems based on Ethereum.
The industry-leading solutions thereof guarantee that Clearpool can provide a high-performance, exclusive, and dependable experience to the consumers. The reports anticipate that the real-world assets will potentially account for a market opportunity of $16T worth by 2030. However, the present total value locked of RWAs stands at just $4B (0.03%). The respective discrepancy emerges from many issues.
They include the capture of the RWA yield often by stablecoin issuers instead of the end users. Another thing is that the RWA protocols do not possess sufficient composability. In addition to this, DeFi apps provide a poor consumer experience, discouraging retail and TradFi investors. On the other hand, Ozean addresses the respective challenges and provides the DeFi facilities for RWAs. This also leads to wider growth and participation.
Ozean Enables Improved Functionalities for RWA Collateral and Trading
Ozean reportedly operates as a permissionless Ethereum L2 that features a compliance layer as optional. It enables the development of a resilient ecosystem for the usage of RWA as collateral and their trading with improved functionalities. Clearpool asserted that it will keep on maintaining its status as a pioneer in DeFi credit and RWA lending. At present, $590M in cumulative loans has originated following its launch.
