Clearpool, a crypto lending protocol, has announced the integration of Polygon zkEVM, a zero-knowledge proof-based Ethereum scaling solution.
Robert Alcorn, the head of the trading platform, hailed the integration, noting it adds another building block to the evolving Clearpool ecosystem.
The solution purportedly offers high capacity, improved security and reduced gas fees.
Market makers Fasanara and Portofino have already opened their lending pools on Polygon zkEVM and Clearpool is working with Idle to build DeFi primitives on top of zkEVM.
Liquidity providers will be able to choose between “senior” and “junior” yield tranches and lend digital assets based on their level of risk or reward.
Since launch in March 2022, Clearpool has issued over $400 million in loans, working with numerous traditional institutions, including Wintermute, Jane Street, and Fasanara Capital.
The Polygon zkEVM mainnet beta was enabled by Vitalik Buterin in March 2023 and is equivalent to EVM, supporting network code and existing tooling. A platform for institutional investors was also launched on Polygon in February.
