Uncollateralized Lending · Review
ActiveClearpool Lending Review 2026: Unsecured Institutional Credit
Clearpool Lending is a permissioned marketplace where institutions borrow from on-chain lenders without posting collateral. It is credit-risk exposure, not a collateralised DeFi loan, and it is expanding to the XRP Ledger.
By the DappsAtlas editorial team · Updated
DappsAtlas score
6.8/10
Good
Our verdict on Clearpool Lending
6.8/10Clearpool Lending suits experienced DeFi users who want yield from institutional credit and understand that loans are unsecured. Its main strength is a long operating history in on-chain credit, with permissioned markets and a planned first-loss structure on XRPL. The main caveat is credit risk: with no collateral, a borrower default can cause losses. Fees and licensing are not published, and the XRPL product is not live yet. Size positions carefully.
Score breakdown
How Clearpool Lending scores
- Security
- 6.5/10
- Ease of use
- 6.5/10
- Fees
- n/a
- Features
- 7.0/10
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is Clearpool Lending?
Clearpool Lending is a marketplace for unsecured institutional capital. Institutions borrow from a decentralized network of lenders without putting up collateral, and lenders earn interest. The project has been listed since April 2022 and has its own token, CPOOL.
The homepage claims $965M in total loans originated, $30M in total value locked and $10M in total interest paid. The tracked listing for this product shows about $200K in TVL across nine networks. These measure different things and the homepage figures are self-reported.
The current focus is the XRP Ledger. The homepage presents an XRPL product, marked coming soon, with RLUSD, Hex Trust custody, and native vault and lending standards.
How Clearpool Lending works
Clearpool connects lenders with institutional borrowers. Lenders deposit stablecoins into a pool tied to a borrower, and the borrower draws funds without posting collateral. Interest is paid back to lenders over time.
Third-party explainers say lenders receive cpTokens that represent their share of a pool and accrue interest. A documentation snippet says Dynamic Pools set rates by utilization, so rates change with how much of the pool is borrowed.
Because there is no collateral, the safeguards are borrower vetting and permissioning rather than liquidation. On the planned XRP Ledger version, the homepage says the borrower's own capital takes losses first and RLUSD is custodied by Hex Trust.
8 features
Key features
01
Unsecured institutional loans
Institutions can borrow from on-chain lenders without posting collateral. Borrowers are vetted rather than over-collateralised.
02
Permissioned credit markets
Borrowing markets are permissioned for vetted institutions. The homepage frames this as compliance built into the product.
03
Pool tokens for lenders
Per search snippets from explainer pages, each pool issues cpTokens representing a lender's share. These accrue interest over time.
04
Utilization-based rates
A documentation snippet says Dynamic Pools adjust rates according to utilization, so rates move with demand to borrow.
05
XRPL expansion
The homepage describes an XRP Ledger version built on RLUSD, with XLS-65 vaults and XLS-66 lending. It is not live yet.
06
Multichain deployment
The data lists deployments on nine networks, including Ethereum, Base, Arbitrum and Polygon.
07
First-loss protection (XRPL)
For the XRPL product, the homepage says a borrower's own capital absorbs losses before depositors do.
08
Institutional integrations
A search snippet describes an integration that lets institutional investors reach Clearpool's lending markets through a third-party app.
Pros and cons
What we like
- Lets lenders earn interest from institutional borrowers rather than from token emissions alone
- Live on nine networks, including Ethereum, Base, Arbitrum and Polygon
- Two audits are listed in the tracked data, and a search result points to a Hacken audit report
- Operating since 2021 per the homepage, with a long track record for this niche
- Planned XRPL version adds first-loss protection from the borrower's own capital
Watch out for
- Borrowers are unsecured, so lenders carry credit and default risk that on-chain collateral would normally cover
- Lending markets are permissioned, so ordinary users may not be able to borrow and access may be gated
- The XRP Ledger product is marked coming soon, so its features and rates cannot yet be judged
- Fee levels, interest spreads and protocol cut are not published on the homepage
- Listed TVL of about $200K for this lending listing is small next to the $965M originated figure the homepage cites
- No licence, regulator or team details are published on the homepage
Clearpool Lending fees
The homepage does not publish a fee schedule. Lenders earn interest paid by borrowers, and a documentation snippet says pool rates adjust with utilization, so yields vary over time. Any protocol cut or withdrawal terms would be shown in the app and docs.
Gas costs on the chosen network also apply for deposits and withdrawals. Check the current rate and terms for each pool before depositing.
Is Clearpool Lending safe?
Two audits are listed in the tracked data, and a search result references a Hacken smart-contract audit report. Audits reduce but do not remove smart-contract risk. The homepage does not name other audit firms or publish findings.
The larger risk is credit risk. Loans are unsecured, so a borrower default can cause lender losses, and there is no collateral to liquidate. The homepage does not publish a licence or regulator, and it states that the site is not investment advice. Check your local rules before using it.
6 steps
How to get started with Clearpool Lending
- 1
Read the project docs to understand how pools, pool tokens and borrower vetting work.
- 2
Check that using the service is permitted in your country and that you meet any eligibility rules.
- 3
Open the app and pick a network where Clearpool is live.
- 4
Connect a compatible wallet and review the available pools, their borrowers and current rates.
- 5
Start with a small deposit that you can afford to lose, since loans are unsecured.
- 6
Monitor your pool and withdraw according to its liquidity and terms.
Who Clearpool Lending is for
It suits crypto-native lenders comfortable with borrower credit risk and looking for stablecoin yield, and institutions that want on-chain borrowing. It is a poor fit for users who want over-collateralised, liquidation-protected lending or guaranteed returns.
Clearpool Lending FAQs
What is Clearpool Lending?
Clearpool is a decentralized marketplace for unsecured institutional capital. Institutional borrowers take loans from a network of on-chain lenders without posting collateral. Lenders earn interest paid by those borrowers.
Which blockchains does Clearpool support?
The data lists Ethereum, Base, Optimism, Mantle, Polygon, Avalanche, Arbitrum, Polygon zkEVM and Flare. The homepage describes the multichain product as permissioned lending across seven networks, and says an XRP Ledger version is coming soon.
Is Clearpool safe?
Loans are unsecured, so the main risk is that a borrower fails to repay. Smart-contract risk also applies. The homepage says the XRPL version will use first-loss protection, where the borrower's own capital absorbs losses before depositors, but it does not describe the protections on the existing markets.
What is the CPOOL token?
CPOOL is the project's token. Search snippets describe it as tied to rewards and utility in the lending protocol. The exact token mechanics are in the project documentation.
Can anyone lend or borrow on Clearpool?
Retail users can supply liquidity to pools and receive interest-bearing pool tokens, according to third-party explainers. Borrowing is limited to vetted institutions in permissioned markets. Check the app and docs for current eligibility requirements in your region.
What is Clearpool's XRPL plan?
The homepage lists an XRP Ledger product that is coming soon. It centres on RLUSD, custodied by Hex Trust, and on native ledger standards for vaults and lending. No launch date is published.
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How we checked
Sources
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