Clearpool and Jane Street launched a product allowing users to stake USDC for earning yields in its unity and governance token, CPOOL.
After launching five Permissionless Pools, Clearpool established its first-ever permissioned pool that allows institutional lenders to earn yields up to 15% by staking USDC. The project partnered with Jane Street Capital – a global proprietary trading company aiming to enter the cryptocurrency industry.
Partnering with Jane Street, a quantitative trading firm with more than 1,700 employees, and BlockTower Capital, an investment firm focused on crypto and blockchain, Clearpool considers the launch a “watershed moment for DeFi.
Clearpool’s CEO Robert Alcorn promises more to come, saying, “it is only the beginning of what Clearpool will achieve as we continue to innovate and grow liquidity and risk management capacity across the digital asset landscape.”