Overview
- Clearpool opened a governance discussion on Snapshot that began on September 11 proposing a 1:1 migration of CPOOL to a new CLEAR token with an initial supply of 1.125 billion and 70% of that allocation set for existing CPOOL holders.
- The plan directs 50% of future protocol fees to open‑market CLEAR buybacks and permanent burns to offset dilution from the higher token supply and scheduled unlocks.
- Clearpool intends to build pooled vaults and fixed‑term lending on XRPL using two proposed standards called XLS‑65 (Single Asset Vaults) and XLS‑66 (Lending Protocol), but both need 80% approval from XRPL validators before they can activate on mainnet.
- Ripple is reported as a limited partner in a planned RLUSD‑denominated credit fund and Cicada Partners will source borrowers and manage underwriting; RLUSD is issued by Standard Custody & Trust Company under New York DFS supervision.
- Clearpool says the swap is needed because 99% of CPOOL has vested and reserves have been used, and the next steps are the 14‑day Snapshot discussion, a tokenholder vote, and separate XRPL validator votes that will determine whether the XRPL products can go live.