Clearpool is a decentralized credit marketplace where institutions can borrow and lend real-world assets, while Superstate offers an on-chain U.S. Treasury fund accessible to qualified investors. Their core difference lies in purpose: Clearpool facilitates uncollateralized institutional lending, whereas Superstate tokenizes short-term government debt for yield. Clearpool suits institutions seeking decentralized borrowing or lending; Superstate is for qualified investors wanting regulated, on-chain exposure to Treasuries.
| Token Price | — | — |
| 24h Change | — | — |
| Market Cap | — | — |
| TVL | $21.5MDefiLlama | $744.5MDefiLlama |
| MCap Rank | #824 | #81 |
| Total Raised | $3.0M | $96.5M |
| Founded | 2023 | |
| Stage | — | — |
| X / Twitter | 82K | 270 |
| GitHub Stars | — | — |
| Chains | arbitrumavalanchebase | ethereumplumesolana |
| Tags | Lending, DeFi, DeFi | DeFi, RWA, DeFi |
Clearpool is a decentralized capital markets ecosystem that enables institutional borrowers to access unsecured loans directly from DeFi. It features a dynamic interest rate model and tokenized credit through cpTokens, providing liquidity providers with attractive yields and risk management tools.
Superstate issues USTB, an on-chain tokenized fund that invests in short-term U.S. Treasury and agency securities, targeting the federal funds rate with a 0.15% management fee. It enables qualified purchasers to subscribe and redeem using USDC, with daily NAV provided by NAV Consulting and compliant on-chain transfer through an Ethereum-based allowlist. The fund offers flexible custody options and is integrated into several ecosystems, including Solana, Ethereum, and Plume Network.