Clearpool Sets a 1:1 CPOOL-to-CLEAR Swap Through February 2027

Clearpool’s migration guide sets a three-month window to swap CPOOL for CLEAR at 1:1, opening November 17, 2026, and closing February 17, 2027, with 1.125 billion CLEAR tokens set to circulate at launch.

The guide explains swap mechanics, token locations, supported exchanges and the deadline, giving holders a schedule for acting rather than a single automatic conversion date. CLEAR will launch as a native ERC-20 token on Ethereum. Wallets and exchanges already handling Ethereum assets should recognize that standard without much friction.

What changes for CPOOL holders?

The exchange rate is 1 CPOOL for 1 CLEAR, with no conversion-ratio calculation required. Self-custody holders must initiate the process themselves rather than wait for an automatic balance update.

Exchange-based holders face a different path. Clearpool says each exchange controls its own conversion schedule, so users should track venue notices instead of assuming every balance changes on November 17.

Clearpool says security auditors Cantina conducted due diligence on the migration process, and the protocol considers the process secure. The protocol urges users to protect their credentials and obtain contract details and links only from official channels, warning that token migrations attract scammers posing as “swap portals.”

For wallets and trading accounts alike, the practical rule is straightforward: confirm the location of the tokens and the responsible venue’s timetable before the February 17, 2027 cutoff.

How does the vote reshape the protocol?

Governance participants backed the migration with 97.16% approval in a vote held from September 25 through October 2, 2026. The same vote approved Clearpool’s plan to expand to the XRP Ledger.

The expansion involves Ripple and Cicada Partners. Clearpool frames the token change, the chain addition and the fee allocation as parts of a strategy to position the protocol as a primary settlement layer for institutional credit.

Under the new model, 50% of protocol fees will fund a buyback-and-burn program. Clearpool plans to use that revenue to purchase CLEAR on the open market and permanently remove those tokens from circulation.

Those mechanics establish a direct link between protocol usage and token supply: fee generation supplies repurchase capital, while each completed burn reduces the amount of CLEAR available in circulation. That is a material change in the token’s market structure, not a cosmetic rebranding of the migration.

What does the supply schedule mean for dilution?

Initial circulation of 1.125 billion CLEAR equals 78.75% of a projected total supply of approximately 1.429 billion. Roughly one-fifth of the eventual supply therefore sits outside initial circulation.

Holders tracking dilution will need to monitor how and when the remainder enters the market and whether the buyback program offsets that release. The 50% fee allocation supplies the funding mechanism, while the actual offset will depend on protocol fees and execution.

Why does the XRP Ledger expansion matter for credit markets?

Clearpool launched in 2021 as an institutional credit protocol built around unsecured borrowing, which provides loans without requiring borrowers to post crypto collateral up front.

Its curated vault model and PayFi products allow approved borrowers, including trading firms, to create custom liquidity pools tailored to their needs. Clearpool says it has originated nearly $1 billion in loans since launch. The protocol already operates across multiple chains; the XRP Ledger plan adds another settlement environment for its credit markets.

Working with Ripple and Cicada Partners could open new liquidity channels and give Clearpool access to an ecosystem that has leaned heavily into payments and institutional use cases. For institutional borrowers, the relevant measure will be whether that broader settlement footprint produces additional pool activity and lending demand, rather than duplicating liquidity already available across existing chains.

By February 17, 2027, CPOOL holders need to have converted their self-custodied balances or secured their exchange’s conversion timetable. The longer-term test is whether fee-funded burns can offset the roughly one-fifth of eventual supply outside initial circulation.