Clearpool, a credit marketplace in the decentralized sector for permissionless borrowing and lending of cryptocurrencies, recently announced a new blockchain. Ozean, Clearpool’s exclusive blockchain, focuses on increasing returns on real-world assets and receives support from Optimism to revolutionize the DeFi sector. The platform went to X to provide the details of the latest project.
Clearpool unveils Ozean – the first #RWA revenue blockchain built on and powered by @Optimism!
#Ozean is revolutionizing #DeFi by integrating RWAs in a compliant and easy-to-use way, allowing users to automatically earn native yield on-chain.
$CPOOL will power the… pic.twitter.com/oPs6vkCXlS
— Clearpool (@ClearpoolFin) August 20, 2024
Clearpool launches an exclusive blockchain to offer higher RWA yields
In its recent X-post, Clearpool expressed its enthusiasm about this blockchain. it added that the project seamlessly integrates RWAs while maintaining consumer friendliness and compliance. This reportedly allows customers to automatically obtain local yield. $CPOOL, Clearpool’s local token, will power the Ozean ecosystem. It has an advanced betting mechanism that rewards those who wager $CPOOL.
As included in the Superchain of Optimism, OP Stack laid the foundation for building Ozean. According to the platform, Ozean will allocate part of the proceeds to the Optimism Collective in this regard. Caldera’s roolup-as-a-service platform is reportedly the driving force behind Ozean. Caldera may be among the fastest developing Ethereum-based ecosystems.
Its industry-leading solutions ensure that Clearpool can provide consumers with a high-quality, exclusive and reliable experience. The reports expect real assets to potentially represent a $16 trillion market opportunity by 2030. However, the current total value of RWAs is only $4 billion (0.03%). The respective discrepancy stems from many issues.
They involve the capture of RWA proceeds, often by stablecoin issuers rather than end users. Another thing is that the RWA protocols do not have sufficient composability. Additionally, 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 broader growth and participation.
Ozean enables enhanced functionalities for RWA collateral and trading
Ozean reportedly operates as a permissionless Ethereum L2 with a compliance layer optional. It enables the development of a resilient ecosystem for using RWA as collateral and trading therein, with enhanced functionalities. Clearpool claimed that it will continue to maintain its status as a pioneer in DeFi lending and RWA lending. Currently, $590 million in cumulative loans have been disbursed post-launch.