Clearpool Sets CLEAR Conversion Deadline After 97.16% Vote

Clearpool’s proposal to migrate CPOOL into CLEAR passed a governance vote with 97.16% approval, according to the protocol’s Sept. 25–Oct. 2, 2026 vote. The approved plan launches CLEAR as a native ERC-20 token on Ethereum with initial circulating supply set at 1.125 billion, and the migration guide instructs CPOOL holders to plan conversion before Feb. 17, 2027.

The migration guide says wallets and exchanges that already handle Ethereum assets should recognize CLEAR with little friction because ERC-20 is the standard format followed by most Ethereum tokens. Compatibility reduces the technical work required for integrations, but it does not force trading venues to convert balances on a common date.

At launch, 1.125 billion tokens will represent 78.75% of a projected total supply of approximately 1.429 billion. The balance outside initial circulation, roughly one-fifth of the eventual supply, remains a dilution variable that holders need to track.

What does this change for CPOOL holders?

The immediate task is administrative: read the migration guide, determine where CPOOL is held and complete the applicable conversion process before Feb. 17, 2027. Clearpool has established a common conversion deadline, not a common operational schedule.

• Self-custody: Holders will likely need to initiate the swap themselves, verify the contract address and use links obtained only from Clearpool’s official channels.
• Exchange balances: Each venue controls its own timing. The guide says each exchange will handle conversion timing “on its own schedule,” so users should wait for platform notices rather than assume a day-one conversion.

Clearpool has told stakeholders that it “considers the process secure” after the migration process underwent due diligence from security auditors Cantina. The protocol also warns that fake “swap portals” are a common scam route during token migrations and urges users to protect their security credentials.

Institutional credit and chain expansion

The same vote approved expansion to the XRP Ledger in collaboration with Ripple and Cicada Partners. Clearpool frames both the CPOOL-to-CLEAR switch and the chain addition as steps toward positioning the protocol as a primary settlement layer for institutional credit. The expansion could open new liquidity channels and connect Clearpool with an ecosystem focused on payments and institutional use cases.

Clearpool launched in 2021 as an institutional credit protocol centered on unsecured borrowing, meaning loans do not require borrowers to post crypto collateral up front. Through its curated vault model and PayFi products, approved borrowers, including trading firms, can establish custom liquidity pools tailored to their needs. The protocol has originated nearly $1 billion in loans since launch and already operates across multiple chains.

Under the new token model, 50% of protocol fees will fund a buyback-and-burn. Clearpool will use fee revenue to purchase CLEAR in the open market and permanently remove those tokens from circulation. This mechanism can offset dilution only to the extent that recurring purchases match future releases.

Holders tracking dilution need to monitor how and when the remaining roughly one-fifth enters circulation, alongside the pace of fee-funded purchases. The next fixed checkpoint is Feb. 17, 2027: self-custody users are instructed to act before that date, while exchange users remain dependent on venue-specific notices. Beyond that conversion window, market structure will depend on recurring fee-funded buybacks, the timing of supply releases and whether XRP Ledger deployment produces additional institutional liquidity.