Clearpool’s CLEAR token clears Cantina security review ahead of November 17 migration

Clearpool’s new CLEAR token has been through a security review by Cantina Security, which examined both the token and the swap contract ahead of the protocol’s planned migration on November 17.

The timing matters. A swap contract is the piece of code that will take in old CPOOL tokens and hand out new CLEAR tokens, so it sits directly in the path of every holder who migrates.

What Cantina looked at, and what holders need to know

Cantina Security’s review covered two components: the CLEAR token itself and the contract that handles the exchange.

The migration window opens on November 17, 2026, and stays open until February 17, 2027. That gives CPOOL holders roughly three months to make the switch.

The exchange rate is simple: one CPOOL gets you one CLEAR.

CLEAR will live on Ethereum as a native ERC-20 token, the standard format most Ethereum-based tokens use.

Holders planning to swap would be wise to confirm the official CLEAR contract address through Clearpool’s own channels. The CLEAR contract address on Ethereum is 0x5200f539478F58D9aEA962095ba3b16b5e550E00. Migrations tend to attract impostor contracts, and a security review only protects people who actually use the reviewed contract.

The governance vote and the new token model

The migration did not come out of nowhere. Token holders voted on the plan in October 2026, and the proposal passed with 97.16% support.

That vote covered more than a rename. It also approved Clearpool’s expansion to the XRP Ledger, a separate blockchain from Ethereum.

The new token also arrives with a revised economic design. CLEAR’s total supply is targeted at approximately 1.429 billion tokens.

At the time of migration, the initial circulating supply is expected to be approximately 1.125 billion tokens. That works out to 78.75% of the total supply in circulation from day one.

The most notable change is where protocol fees go. Under the new model, 50% of protocol fees are directed to buybacks and burns.

Background: Clearpool and institutional credit

Clearpool is a protocol built for institutional lenders operating in real-world credit markets. Instead of lending against volatile crypto collateral, it focuses on credit tied to traditional businesses and institutions.

Since its launch in 2021, the protocol has originated nearly $1 billion in loans.

The XRP Ledger expansion connects to a broader ambition. Clearpool plans to grow into wider credit products using RLUSD, the stablecoin issued by Ripple.

Importantly, the protocol is not abandoning Ethereum. Operations there are set to continue, with CLEAR remaining an Ethereum-native token while the business reaches into the XRP Ledger ecosystem.

What this means for holders and the protocol

For CPOOL holders, the immediate takeaway is procedural. There is a fixed window, a fixed ratio, and a reviewed contract to use during that window.

The review by Cantina Security addresses one of the biggest practical risks in any migration: bugs in the swap mechanism itself. Swap contracts handle large volumes of tokens in a short period, which makes them an attractive target if anything is misconfigured.

A review is not a guarantee, of course. It lowers the odds of a known class of problems, but holders still carry responsibility for interacting with the correct contract and avoiding phishing attempts dressed up as migration portals.