Clearpool publishes CPOOL to CLEAR migration guide as swap window takes shape

Clearpool has published its guide for migrating CPOOL to CLEAR. It covers how to swap, where the tokens live, which exchanges are supporting the move, and how long holders have to act.

How the CPOOL to CLEAR swap works

The migration window opens on November 17, 2026 and closes on February 17, 2027. That gives holders a three-month runway to convert.

The exchange rate is simple: 1 CPOOL becomes 1 CLEAR. No ratio math is required.

CLEAR will launch as a native ERC-20 token on Ethereum. ERC-20 is the standard format most Ethereum tokens follow, so wallets and exchanges that already handle Ethereum assets should recognize it without much friction.

The token’s initial circulating supply is set at 1.125 billion. That figure represents 78.75% of a projected total supply of approximately 1.429 billion tokens.

Exchange holders get a slightly different experience. According to Clearpool, each exchange will handle conversion timing on its own schedule, so users who keep CPOOL on a trading platform should watch for notices from that platform rather than assume everything flips on day one.

Security got its own line item. Clearpool says the migration process went through due diligence by security auditors Cantina, and the protocol has told stakeholders it considers the process secure.

The protocol is also urging users to protect their security credentials and says it will keep its official channels updated. Token migrations are a favorite hunting ground for scammers posing as “swap portals,” so the sensible move is to get contract details and links only from Clearpool’s official channels.

A 97.16% vote and a new chain

The migration did not come out of nowhere. Clearpool put it to a governance vote held between September 25 and October 2, 2026.

Participants backed the proposal with 97.16% approval.

The same vote also approved the protocol’s plan to expand to the XRP Ledger. That expansion involves collaboration with Ripple and Cicada Partners.

Clearpool frames the switch from CPOOL to CLEAR as part of a broader strategy. The goal is to position the protocol as a primary settlement layer for institutional credit.

Tokenomics are changing too. Under the new model, 50% of protocol fees will go toward a buyback-and-burn program.

The protocol uses fee revenue to buy CLEAR on the open market, then permanently removes those tokens from circulation.

Background: unsecured lending for institutions

Clearpool launched in 2021 as an institutional credit protocol. Its niche has been unsecured borrowing, meaning loans made without the borrower posting crypto collateral up front.

Through its curated vault model and PayFi products, approved borrowers such as trading firms can set up custom liquidity pools tailored to their needs.

The protocol has originated nearly $1 billion in loans since its 2021 launch. It also supports operations across multiple chains, and the XRP Ledger expansion would add another to the list.

What this means for holders and the protocol

For CPOOL holders, the immediate task is administrative. Read the guide, confirm where your tokens sit, and plan to convert before February 17, 2027.

Self-custody users will likely need to take action themselves. Exchange users should track their platform’s announcements, since Clearpool has made clear that each venue controls its own timing.

The XRP Ledger expansion involves working alongside Ripple and Cicada Partners, which could open new liquidity channels and give Clearpool access to an ecosystem that has leaned heavily into payments and institutional use cases.

With 1.125 billion tokens circulating at launch against a target of approximately 1.429 billion, roughly a fifth of the eventual supply sits outside initial circulation. Holders tracking dilution will want to monitor how and when the remainder enters the market, and how the buyback program offsets it.