The liquidity lending marketplace Clearpool is launched on Polygon’s zkEVM. It is now among low-cost and efficient DeFi protocols that enables institutional lending.
This integration allows users to utilize Clearpool’s lending service with high-speed transactions, increased funding diversification and greater capital efficiency.
The launch is supported by Fasanara Digital and Portofino Technologies. Clearpool’s zkEVM ecosystem is enriched with Idle Finance’s yield tranches.
“This integration is a key step for the protocol by adding another building block to Clearpool’s expanding ecosystem,” said Robert Alcorn, CEO and co-founder of Clearpool.
The announcement further states that LPs can choose between senior and junior yield tranches and lend their assets on the basis of risk performance. The protocol further clarifies that the Polygon zkEVM integration will result in higher throughput, increased security and censorship resistance and lower gas fees.
Polygon continues to be at the forefront of DeFi integrations with this launch. Last week, Palm Network announced plans to become a ZK Supernet and join the Polygon ecosystem.
