Clearpool Deploys on Arbitrum, Secures $18M Loan and Grant

Clearpool Deploys on Arbitrum, Secures $18M Loan and Grant

Clearpool (CPOOL), an established DeFi credit marketplace, has officially launched on Arbitrum (ARB), a layer-2 scaling solution for Ethereum. This move is a significant step for Clearpool, as it seeks to enhance its reach and capitalize on Arbitrum's faster and cheaper transactions. Upon launch, Clearpool was met with immediate success, facilitating an $18 million USDC loan on Arbitrum within hours. The transaction involved Flow Traders and Bastion, a leading crypto startup. The swift execution of this loan highlights the growing demand for DeFi credit services on Arbitrum. Furthermore, Clearpool has secured a grant in the form of ARB tokens from the Arbitrum Foundation. This grant will support Clearpool's protocol growth, technical development, and ongoing community initiatives. The grant further demonstrates the Arbitrum Foundation's commitment to fostering the development of innovative DeFi projects on its ecosystem. Clearpool's launch on Arbitrum and the subsequent loan and grant are indicative of the growing momentum for DeFi credit services within the Arbitrum ecosystem. Clearpool, with its robust platform and experienced team, is well-positioned to address this demand and contribute to the overall growth of the DeFi ecosystem.