Clearpool, Cicada Partner to Boost Risk Management in PayFi Lending
Main Idea
Clearpool partners with Cicada to enhance risk management in PayFi lending, aiming to institutionalize decentralized finance (DeFi) with improved credit risk solutions and stablecoin payments.
Key Points
1. Clearpool collaborates with Cicada to strengthen risk management in PayFi lending, targeting institutional adoption in DeFi.
2. Cicada has underwritten over $850 million in loans with a 1.2% default rate, bringing credibility to Clearpool's PayFi Credit Pools.
3. Clearpool will launch cpUSD, a stablecoin for real-world payments, to facilitate liquidity and yield opportunities in PayFi lending.
4. Cicada provides Risk-as-a-Service (RaaS) solutions, including third-party underwriting and pool management for DeFi protocols.
5. The partnership aims to create a safer, more transparent, and scalable stablecoin ecosystem by combining Clearpool's lending platform with Cicada's risk management expertise.
Description
Clearpool, a decentralized capital markets ecosystem, has partnered with on-chain credit risk management company Cicada in a move to institutionalize PayFi lending with improved risk management. In an announcement shared with Cryptonews on Monday, the partnership will boost Clearpool’s credibility and risk management in PayFi lending. Cicada will structure and underwrite PayFi lending opportunities and serve as the administrative agent for select Credit Pools. Cicada has underwritten more than $...
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