Ripple's On-Chain Lending Partner Picks XRP Ledger for Token, Leaves Ethereum Behind
The decentralized credit protocol Clearpool is migrating its core infrastructure from Ethereum to the XRP Ledger (XRPL) to capture emerging institutional capital markets. This strategic shift follows the XRPL v3 upgrade, which introduced native lending capabilities to a network previously focused primarily on cross-border payments. Clearpool aims to replicate the success of Ethereum-based lending models like Morpho by facilitating private credit for fintech and payment companies. In collaboration with Cicada Partners, the protocol is launching an institutional credit fund, with Hex Trust providing regulated custody and borrower verification services. To support this transition, Clearpool is replacing its legacy CPOOL token with a new CLEAR token, citing the exhaustion of the former's supply and incentive reserves. The new tokenomics model features a deflationary mechanism where 50% of protocol fees are used for token buybacks and burns, while the remainder rewards stakers. This migration represents a significant effort to unlock idle liquidity within the XRP ecosystem and establish a transparent, auditable framework for real-world asset lending. The proposal is currently undergoing a 14-day community discussion period before a final Snapshot vote by tokenholders.
