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Clearpool unveils RWA yield chain built on Optimism

Ozean integrates RWAs into DeFi, offering native yield and compliance features on Optimism-supported blockchain.

Bitcoin coin splashing into the ocean, symbolizing a sharp decline in its value or market performance.

Key Takeaways

  • Clearpool launches Ozean, the first RWA yield chain built on Optimism, enabling native on-chain yield.
  • Ozean features USDX stablecoin, ozUSD yield-bearing token, and innovative liquidity layer Oxygen.

Clearpool has launched Ozean, an app chain built on Optimism focused on yield over real-world asset (RWA) tokens. Ozean aims to integrate RWAs into decentralized finance (DeFi) in a compliant and user-friendly manner, allowing users to earn native yield on-chain automatically.

Clearpool’s native token, CPOOL, will power the Ozean ecosystem with a new staking mechanism to reward CPOOL stakers. As part of Optimism’s Superchain, Ozean will contribute a portion of its revenue to the Optimism Collective.

“After many months of hard work, we are excited to finally introduce Ozean, a groundbreaking development in RWAs that will take Clearpool to the next level,” stated Jakob Kronbichler, CEO & Co-founder of Clearpool.

Kronbrincher added that Ozean not only addresses existing challenges but also unlocks a multi-trillion-dollar market opportunity by unlocking RWA into DeFi.

Ozean features include a native stablecoin USDX, a yield-bearing stablecoin ozUSD, and an innovative liquidity layer called Oxygen. The platform also offers a unified compliance layer, gas abstraction, and a native custodial wallet with full account abstraction.

“We’re excited that Clearpool has chosen to build Ozean on the OP Stack. Ozean’s real-world asset chain will bring more DeFi capabilities to the Superchain, which will benefit developers and users alike,” commented Smit Vachhani, Head of DeFiat Optimism Unlimited.

The CPOOL token will govern both Ozean and the Clearpool protocol, with a new staking mechanism rewarding stakers with L2 sequencer fees, yield from staked $USDX treasuries, and enhanced yield on ozUSD.

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Source: cryptobriefing.com

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