Clearpool is a decentralized capital markets ecosystem enabling institutional borrowers to access unsecured loans directly from DeFi. It utilizes a dynamic interest rate model determined by supply and demand. The protocol issues cpTokens, which represent tokenized credit positions.

The CPOOL token facilitates governance, allowing holders to vote on borrower whitelisting and protocol upgrades. Borrowers must stake CPOOL to submit whitelisting proposals. Liquidity providers earn enhanced yields from interest and CPOOL rewards, supported by a protocol revenue buyback program.