Clearpool Launches Credit Vaults on Coinbase’s Base Blockchain
Clearpool has made a significant stride in the decentralized finance (DeFi) realm with the launch of its “Credit Vaults” on Base, the Ethereum blockchain’s Coinbase-built network. This initiative marks a milestone in providing institutional investors direct access to DeFi credit on-chain. Led by Portofino Technologies, Clearpool’s pioneering approach streamlines borrowing processes for institutions, leveraging advanced technology to enhance crypto asset trading efficiency. With over $105,000 locked in its Base credit vaults and managing $85 million in dynamic pools, Clearpool continues to expand its influence, facilitating over $559 million in loans since its inception. This move underscores Clearpool’s commitment to fostering innovation and accessibility in the DeFi landscape.
2024-07-03Read