Introduction

Clearpool (CPOOL) is a decentralized capital market ecosystem where institutional borrowers aim to access unsecured loans directly from the DeFi ecosystem. The Clearpool protocol is built on both Ethereum and Polygon blockchain. The protocol aims to become one of the dynamic credit markets for unsecured liquidity.

The following aspects can be done on ClearPool platform:

1. Compare and select borrower pools on the ClearPool App Lend page.
2. Supply USDC liquidity and receive cpTokens in return.
3. Start earning USDC interest and CPOOL rewards, compounded on every block.
4. CPOOL tokens can be delegated to participate in governance actions and earn additional rewards (coming soon).
5. Redeem at any time. No lock-up, pools are designed to provide a liquid exit.

The tokens deposited on ClearPool are automatically transformed to cpTokens: cpTokens represent the liquidity that you have supplied to a pool and accrue the USDC interest on every block. It also lay the foundation for a future liquid secondary trading market and additional products to assist lenders with risk management and hedging exposures.

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Methodology

Few days ago, on the past October 11th 2022, Clearpool announced its staking movement for their token $CPOOL. For the first time, $CPOOL users can now stake their tokens to Clearpool’s Oracle and earn attractive APR, at the same time they can participate in securing the interest rate pricing mechanism. On the right side, you can see the tweet made by the team on this date.

For this reason, here I am gonna explore the evolution of $CPOOL activity before and after the staking announcement event and its implementation.

Then, the main metrics to be analyzed are:

• CPOOL transfers and transferers by period
• Transfered volume and average trasnfered volume over time
• Distribution of transactions by size
• Distribution of volume by size
• Which are the most common CPOOL pools?
• CPOOL pools swap distribution by period
• CPOOL volume swapped by pool and period

CPOOL transfers

Regarding transfers, it can be seen how the activity started to increase some days before the staking implementation. Maybe because of the previous announcement of it.

In terms of transfers, it can be seen how from September to October, the daily amount spiked from below 200 to almost 600 and reached its highest value just the day of the staking implemetantio with over 800 transfers in a single day. However, the activity has decreased over the past days but the minimum threshold seems to stay higher than previous staking activity. Something similar has occurred with the user that are transferrring CPOOl. In this case, the minimum threshold now is the highest value rpevious to the staking implementation.

Finally, the volume and average colume also increased, we have to take into account that this chart is in a log scale to a better reading.

If we take a look at the distribution sizes of CPOOL, we can see how that mainly the activity that increased after the staking implementation has been the no whales users, those who move less than 1k USD. If we take a look at the first chart evolution, we can see how the distribution of transactions below 1k increased from around 30% to around 40%. However, the transfers between 10k and 100k radically decreased. In the second image, it can be oberverd overall.

In terms of volume, something similar occurred but in this case, the difference is in those volumes above 100k, that decreased from 80 to 65% of the total volume, being increased the volume size between 1k and 100k USD.

CPOOL swapping

Regarding the swapping pools, we can see how before the staking, the most common pools were CPOOL-USDC (two versions) and CPOOL-WETH. However, the pools has changed since the staking period, being more used the CPOOL.USDC LP and CPOOL-WETH LP taking part of the CPOOL USDC 10000. In general, it can be seen how the distribution of the pools has become more homogeneous since the staking passing from 5 to 3 unique pools.

The same situation as explained above occurred with the volume, having so similar characteristics among these twp metrics. The same pools are showing on the charts.

Key insights

• The activity started to increase some days before the staking implementation. Maybe because of the previous announcement of it.
• The daily amount of transfersspiked from below 200 to almost 600 and reached its highest value just the day of the staking implemetantio with over 800 transfers in a single day.
• The transfered volume and average volume also increased.
• If we take a look at the distribution sizes of CPOOL, we can see how that mainly the activity that increased after the staking implementation has been the no whales users, those who move less than 1k USD.
• If we take a look at the first chart evolution, we can see how the distribution of transactions below 1k increased from around 30% to around 40%. However, the transfers between 10k and 100k radically decreased.In the second image, it can be oberverd overall.
• In terms of volume, something similar occurred but in this case, the difference is in those volumes above 100k, that decreased from 80 to 65% of the total volume, being increased the volume size between 1k and 100k USD.
• Before the staking, the most common pools were CPOOL-USDC (two versions) and CPOOL-WETH. However, the pools has changed since the staking period, being more used the CPOOL.USDC LP and CPOOL-WETH LP taking part of the CPOOL USDC 10000.