Clearpool Holders Approve 97% CPOOL Migration to CLEAR Token on XRP Ledger
- —97% of votes back CPOOL migration to CLEAR on XRP Ledger
- —1:1 swap with initial supply of roughly 1.1 billion CLEAR
- —Lending denominated in RLUSD; 50% of fees fund CLEAR buybacks and burns
- —Clearpool has originated over $930 million in loans since 2021
Why it matters: The move deepens institutional lending on the XRP Ledger, but it does not directly drive XRP demand since settlement runs through RLUSD and CLEAR.
Source: Crypto Economy