Is Clearpool Safe?
Risk Grade: B- (29/100)
Clearpool is rated as moderate risk — some novel mechanisms, generally well-understood.
High risk — lending without collateral to crypto firms means a single borrower bankruptcy can wipe out your entire deposit
A lending platform where you lend crypto to institutional borrowers like trading firms without requiring them to post collateral. It holds about $27M in deposits with $3M in funding. Its C- grade reflects the fundamental risk: if a borrower goes bankrupt, you lose everything with zero recovery from collateral.
TVL
$629,000
Mechanisms
6
Interactions
5
Value Grade
C
Key Risks for Clearpool Users
Borrowers don't post collateral. If a trading firm goes bust like Three Arrows Capital did, you get nothing back. Recovery means suing in court, which can take years and return close to zero
The last major code update was July 2024. Long gaps between updates mean security patches could be missing and new vulnerabilities may go unnoticed
All institutional borrowers are crypto-native firms whose solvency depends on crypto prices. In a market crash, every borrower gets stressed at the same time
Top Risk Factors
- •Uncollateralized institutional lending means zero recovery on defaults; protocol relies entirely on borrower reputation and legal agreements
- •Low development activity (last major GitHub commit July 2024) suggests potential maintenance and security update gaps
- •Concentrated exposure to institutional crypto-native borrowers whose solvency is highly correlated with crypto market conditions
Risk Score Breakdown
Clearpool's highest risk area is Regulatory Risk (5/10). Here's how each dimension contributes to the overall 29/100 score:
Read the Full Clearpool Risk Report
This protocol has 2 collapse scenarios. 1 critical and 2 high-severity interaction risks identified. See the full mechanism classification, interaction matrix, and deep-dive recommendations.
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