Clearpool opens CLEAR migration after Cantina security review

Clearpool will open the CPOOL-to-CLEAR migration on November 17, 2026, after Cantina Security reviewed the token-swap mechanism, according to the protocol’s published terms. The window remains open until February 17, 2027, giving holders roughly three months to convert.

CLEAR will launch as a native ERC-20 token on Ethereum, the standard token format used by most Ethereum-based tokens. The fixed exchange rate is 1:1: “one CPOOL gets you one CLEAR.” Ethereum operations will continue through the migration.

What does the Cantina review cover?

Clearpool said Cantina Security examined the swap contract, the component that moves tokens from the old format to the new one. The review targets bugs in that mechanism, a common operational risk during migrations.

Swap contracts handle large token volumes over short periods, making them an attractive target if anything is misconfigured. Cantina’s assessment lowers the odds of known implementation problems, but it does not certify every stage of the transition.

The security guidance makes the boundary of that protection explicit: “a review is not a guarantee.” It covers the reviewed contract only. Users who interact with an impostor contract or a phishing portal fall outside the assurance offered by the assessment.

Which contract should holders use?

Clearpool identifies the CLEAR token’s Ethereum contract address as 0x5200f539478F58D9aEA962095ba3b16b5e550E00. The protocol advised holders to confirm that address through Clearpool’s own channels before completing a swap.

That check matters because migrations tend to attract impostor contracts. Phishing attempts can also imitate migration portals, directing users toward counterfeit interfaces or token addresses. The published address provides a reference, while verification through the protocol’s own channels remains the holder’s responsibility.

What did the governance vote authorize?

Clearpool said token holders approved the plan in an October 2026 governance vote with 97.16% support. The proposal did more than authorize a token rename: it also approved Clearpool’s expansion to the $XRP Ledger, a separate blockchain from Ethereum.

The expansion builds on Clearpool’s institutional credit business, which launched in 2021 to provide loans tied to traditional businesses and institutions. The protocol does not focus on lending against volatile crypto collateral. Since launch, Clearpool has originated nearly $1 billion in loans.

Clearpool plans to develop wider credit products using RLUSD, the stablecoin issued by Ripple, within the $XRP Ledger ecosystem. That expansion does not abandon Ethereum, and CLEAR will remain Ethereum-native even as the business extends its credit offering.

How does the token economics change?

CLEAR’s targeted total supply is approximately 1.429 billion tokens. At migration, Clearpool expects about 1.125 billion tokens in circulation, equal to 78.75% of the total supply from the first day.

The most notable revision concerns protocol fees: 50% will go to token buybacks and burns under the new model. That allocation changes how half of the protocol’s fee revenue supports the token, while the supply figures set the scale of circulation at launch.

What should holders do before the deadline?

For CPOOL holders, the immediate task is procedural: use the fixed 1:1 ratio within the stated window and verify the reviewed contract before completing a swap. The review lowers the odds of known implementation errors but leaves holders responsible for using the correct contract and avoiding phishing attempts.

Within the window, a holder faces three disclosed controls: a fixed closing date, a fixed conversion rate and a reviewed Ethereum contract. That structure reduces ambiguity about the basic migration process, but it does not transfer responsibility for contract selection to Cantina Security or Clearpool.

The next fixed deadline is February 17, 2027, when the roughly three-month migration window closes.