Clearpool, the institutional lending protocol that has originated over $965 million in loans since 2021, is proposing a full migration to the XRP Ledger. The existing CPOOL token would be swapped for a new CLEAR token at a 1:1 ratio, with an initial supply of 1.125 billion tokens and a long-term target of 1.428 billion. Ripple is participating as a limited partner in a credit fund focused on RLUSD-denominated institutional loans, while Cicada Partners, which has underwritten more than $860 million in loans, will handle credit risk assessment. The migration requires 80% validator approval for two XRPL standards, XLS-65 and XLS-66, which have not yet reached that threshold.
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