Overview
- Clearpool posted a Snapshot governance proposal to migrate CPOOL to CLEAR at a one-to-one ratio and opened a 14-day discussion before a tokenholder vote.
- The plan allocates 70% of CLEAR to existing holders, 10% to ecosystem incentives, 15% to the treasury and 5% to contributors and stages additional unlocks over three years.
- Clearpool intends to build XRPL-native institutional lending using two proposed XRPL standards — XLS-65 for single-asset pooled vaults that hold lender capital and XLS-66 for a native lending protocol that records loans while underwriting remains off-chain.
- The proposal discloses an undisclosed investment commitment from Ripple and designs use of RLUSD, a New York DFS‑supervised stablecoin issued by Standard Custody & Trust Company and backed by cash and short-term cash equivalents, as a regulated settlement asset.
- Live lending on XRPL remains paused until validators approve XLS-65 and XLS-66, devnet testing continues, and Clearpool would direct 50% of protocol fees to open-market CLEAR buybacks with purchased tokens burned to reduce supply.