Clearpool expanded to Layer 2
Clearpool, a decentralized lending marketplace, recently expanded to Polygon zkEVM, a zero-knowledge scaling solution compatible with Ethereum applications.
As part of Clearpool’s multichain protocol ambitions, the expansion is intended to provide users with faster transactions, improved funding diversification, and greater capital efficiency.
“This integration is a key step for the protocol by adding another building block to Clearpool’s expanding ecosystem. Since its inception, Clearpool was designed to be a multichain protocol that is cost-effective, seamless and scalable to provide value, efficiency and accessibility,” stated Clearpool co-founder and CEO Robert Alcorn.
Fasanara and Portofino, market makers, have launched two permissionless lending pools on the Polygon zkEVM Layer 2, increasing Clearpool’s access to its third blockchain solution beside the Ethereum mainnet and Polygon PoS.
“The integration strengthens the DeFi landscape on Polygon and reinforces our commitment to providing diverse financial solutions,” said Jack Melnick, Polygon Labs’ head of DeFi business development.
Clearpool is also collaborating with Idle, the decentralized yield automation protocol, to develop DeFi primitives on top of the zkEVM pools in order to provide diverse risk-return profiles.
See More: What Is Polygon (MATIC)? The Ultimate Guide To The Top Layer 2 Scaling Solution
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