Clearpool Has No Direct Exposure to FTX or Alameda

Clearpool does not have any direct exposure to FTX or Alameda. The Clearpool treasury and operating funds are unaffected and remain in cold storage in Hex Trust. The Clearpool protocol is functioning as per its design. Since Monday, LPs have withdrawn approx $91m of liquidity from borrower pools.

Meanwhile, borrowers have been facilitating withdrawals by repaying liquidity into the pools. Amber, Nibbio and LedgerPrime pools have been repaid. BlockTower and Jane Street have agreed to close their permissioned pool. Alameda permissioned pool loans are outstanding. Compound Capital and Apollo Capital are the only lenders in this permissioned pool.

In addition, the Clearpool team remains focused on the next phase of its ecosystem growth, including the development of a range of products such as permissioned pools v2, term pools and diversified pools.

Source

DeFi

Lending

FTX

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