On December 16th 2021, our community had a chance to welcome Jakob Kronbichler - Co-founder of Clearpool, Ben Cheung & Jack Lee - Investment Team of PLUTUS VC to join an AMA to deliver fruitful information about the key features and roadmap of the project.
This AMA was held by CryptoFamily Group – the top crypto community in Vietnam, where investors and traders can obtain the latest news and signals from bot/ admins, as well as discuss and share investment experiences in the crypto space.
🔎 PLUTUS VC (http://plutusvc.com/) crypto fund invest in Pre-seed and Pre-IDO phases for tokens and/or equity.
At this AMA, the team directly greeted the community and provided detailed information on the project as well as some exciting events that will be held in the near future.
Time: 20:00 (UTC+7) | Thursday, 16-12-2021
Venue: https://t.me/CryptoFamilyVN
Reward Pool: 200$ for members with the best questions.
Below are some main points of this AMA session:
PART I: INTRODUCTION OF CLEARPOOL:
1. Could you give us brief introduction of Clearpool? How the idea of Clearpool was born?
Mr. Jakob Kronbichler:
Clearpool is a DeFi protocol for unsecured loans for Crypto institutions, solving the problem of overcollateralization in DeFi.
Institutional borrowers (mainly trading firms initially) can open individual liquidity pools and attract liquidity directly from the DeFi ecosystem.
Anybody can be a lender to these institutions, and get rewarded with higher APYs for lending unsecured. Pool APYs are also enhanced with additional rewards paid in CPOOL - Clearpools governance token.
Clearpool was initially founded by my CEO Rob and an ex-colleague of his, Alessio who used to be colleagues at a bank. Rob has a very strong background in traditional financial markets, he spent 12 years working in capital markets as a trader. Alessio is the CEO of Hex Trust one of the leading digital asset custodians in Asia and very close partner of Clearpool.
I previously I used to help scale 2 well funded startups for Rocket Internet from inception until IPO, as well as a digital bank and lending player in Southeast Asia. During that time I also came to Vietnam some time 😉. I personally was involved in Crypto since 2016, but it was the rise of DeFi plaforms such as Compund and Aave (DeFi) summer that made me realise I wanted to get into DeFi full time.
2. Please share with us the mission and vision of Clearpool in the near future. What is its ultimate goal currently?
Mr. Jakob Kronbichler: The unsecured lending market in DeFi and Crypto is in its infancy, but we believe it’s going to grow exponentially.Did you know that traditional capital markets are worth over US$120 trillion today? That’s 3x the size of all global stock markets combined. Clearpool is disrupting this market and and we expect a huge amount of money to flow from TradFi to DeFi. Therefore, while at the very beginning our users might be mainly crypto native lenders and borrowers, we already talk to a lot of traditional institutions that are very eager to participate and benefit from the advantages DeFi brings.
Very soon we are launching the protocol's mainnet with a meaningful total value locked, our medium to long term vision is to attract new bororwers and lenders to DeFi. And we are already implementing the necessary steps such as custodial solutions required for certain players to access DeFi platforms.
CF: I totally agree with you in this point, Appreciate your answer. Now move on to the next question of this part for Plutus VC
3. Today we are very pleased to have the presence of Mr Ben Cheung & Jack Lee from Plutus VC, one of the biggest investors of Clearpool. Could you mind share us a brief introduction about Plutus VC and the reason why you support Clearpool?
PLUTUS VC:
PlutusVC is a 200M US venture fund based in HK. We strongly believes blockchain technologies are the future and is highly disruptive to the existing technology and finance industry, and Clearpool is a really good example of it. We have noticed that many crypto trading funds and market makers is that they have no channel to access to unsecured loan, which has been a long standing pain point for them. We believe demand of Clearpool solution is huge and the market is still grow rapidly. Additional, we have known Alessio from Hex Trust for a long time, we strong believe Clearpool, with it’s outstanding connection and resources in the market can become the leader of the projects of its kind now and in the future.
PART II: PRE-COLLECTED QUESTIONS FROM TWITTER
1.From @duetdaily
Without proper marketing and capital infusion, project can't develop, how do you convince us you have adequate marketing power and capital to push Clearpool to the top project?
Mr. Jakob Kronbichler:
We have raised a good $3M round from great investors. We were lucky to have great backers such as Sequoia Capital, Arrington XRP, Hashkey, Wintermute, Sino, Huobi and…. obviously Plutus 💪🚀.
It’s not huge money but we managed to get good exposure and are already listed on 3 exchanges (Kucoin, Ascendex and Gate).
We have a very strong and active community with over 60,000 followers that we engage a lot via events such as biweekly webinars and lots other exciting updates. Ultimately we believe everything is possible via right growth hacking and community building!
Talking about community we also have a Vietnam official channel
https://t.me/ClearpoolVNann
Please everyone join, we really want to further grow Vietnam being such an exciting market for us.
2. From @Nagmeb1
On moving forward through your roadmap, What are your most important next priorities ? Does your team have enough fundamental Funds, Community, ect to achieve those milestones ?
Mr. Jakob Kronbichler: We are about to deploy our testnet this month and will invite some members of the community as well as early users to test it. Our mainnet launch with initial pools is scheduled for January.
We are currently focusing on building a strong ecosystem of borrowers and lenders. Some of the initial borrowers we announced so far are Amber, Wintermute and FBG, with many more being announced very soon. We also already have a very significant amount of liquidity committed from institutional lenders to be able to launch the protocol with significant pool sizes.
Yes we believe we have the right investors, the right community, right funding and right partners to achieve these coming milestones. Utlimately we are targeting to be largest unsecured lending protocols by the end of next year
3. From @Lindango489
What benefits does Clearpool bring to the community? How will we invest in your project? What is the minimum capital and what are the participation requirements to invest?
Mr. Jakob Kronbichler: Clearpool allows everyone direct access to fund and benefit from the success of some of the largest professional trading firms in the industry. These opportunities were previously only available for high net worth individuals and institutions, with Clearpool everyone can invest, no matter the amount. Lending on Clerapool will be very attractive with significant token incentives on top of the interest rates paid by the borrowers. So our protocol will definitely be very attractive for retail investors and members of our community.
CPOOL token holders can stake their tokens and participate in governance of the protocol, earning additional CPOOL rewards. CPOOL can be currently bought on Kucoin, Gate, Ascendex and Uniswap.
4. From @khoihoangnam
|Please tell us what is $CPOOL utilities in your ecosystem? What's benefits $CPOOL bring to investors/ holders? Is there any way to earn $CPOOL from your platform? Is staking or yield farming available on Clearpool? And do you have a token burn mechanism?
Mr. Jakob Kronbichler:
CPOOL is the utility and governance token for the Clearpool protocol. CPOOL holders will vote on the whitelisting of new borrowers, a process that will qualify participants to earn additional CPOOL through an incentive reward scheme. Eventually, a full system of decentralized governance will be introduced, allowing CPOOL holders to propose, vote and implement future changes and upgrades to the protocol.
CPOOL staking will be a required action for borrowers, who must stake an amount of CPOOL to access the area of the protocol where they can make a proposal to be whitelisted. Liquidity providers earn additional CPOOL rewards, enhancing pool interest rates to attractive levels. Clearpool will soon announce a buyback program, where a share of protocol revenue will be used to buy CPOOL in the open market, to perpetually sustain reward pools.
5. From @SilakYamon
How can the community contribute to Clearpool progress? Do you have a Governance model? Are there any ambassadors or bug bounties or contests we can help with to enable further adoption?
Mr. Jakob Kronbichler:
Our community is very actively involved in the Clearpool protocol. Besides being able to propose, vote and implement future changes and upgrades to the protocol, it will also be CPOOL holders that need to whitelist any borrowers based on the strength of the proposal. It will therefore be CPOOL holders that will need to make sure only credit worthy borrowers will get access to the protocol. We will launch a bug bounty program very soon together with our testnet that will be announced very soon 😀💪. As for ambassadors, we are definitely also looking for those, so please do reach out to me in case you are interested.
CF: Much appreciation to all the insightful answers from our Guest. The community must be really interested in becoming part of CLEARPOOL and PLUTUS VC. Let's continue with the last part of today's AMA: Live questions. In this free-asking part, all members will have 2 minutes to make questions for our Guest today. Feel free to ask and he will explain gradually in his answers.
PART III: BEST LIVE QUESTIONS IN CRYPTO FAMILY GROUP
1.Trust and security is very important for the project so what is the Audit status of your project?
Mr. Jakob Kronbichler:
We are partnering with some top top auditors such as certik and blocksec. Indeed given the large sizes of the loans, top auditors are critical
2. How does project increase the token's value, liquidity and utility ? So that it can lead to an increase in token prices ? What is your plan to make your project stable and provide the highest return for investors in the long term ?
Mr. Jakob Kronbichler: The token will acutally have significant utility
1. Borrowers need to stake CPOOL in order to access unsecured loans
2. Lenders need to stake CPOOL in order to obtain the highest possible lending yields
3. Many things can make a project strong like the community,the quality of the project,its investors. What make your project strong?
Do what you plan to do to make you strongerl! ☝️
Mr. Jakob Kronbichler:
1. Good mix of Cofounders background (TradFi, Fintech, Crypto + Startups)
2. Great backers, supporters and partners (e.g. X-Margin)
3. Very strong and proactive community
4. We believe unsecured lending is the fastest growing segment in DeFi
4. STAKING is one of the STRATEGIES to ATTRACT USERS and HOLD Them and long term. Does your GREAT PROJECT have plan about to Staking?
Mr. Jakob Kronbichler: Yes indeed, users need to stake CPOOL in order to earn rewards. But the best rewards can only be obtained by staking + lending (participating in the protocol), incentiving usage and creating a real utility
5. What are the security measures you adopt to ensure maximum security for your users so they can trust you? @jakobkronbichler
Mr. Jakob Kronbichler:
1. All borrwers are KYCd by a licensed custodian (Hex Trust)
2. We work with the market leader in real time credit risk scoring (X-Margin)
3. Two of the world's top auditors (Certik and BlockSec)
6. Marketing is a central element for every project, so that everyone knows the potential that a project can bring is vital to achieve the goals set. What is your strategy to attract new users and Investor to your platform and keep them long term.
Mr. Jakob Kronbichler:
We are really focusing on building communities across the globe and already have over 10 regional communities set up. We also do not only want to create hype but value adding services. Therefore we are having webinars every 2 weeks
Here is the recap & replay of the webinar this Tuesday: https://clearpool.medium.com/from-tradfi-to-defi-how-to-bridge-the-gap-webinar-replay-86c3410c35ba
7. According to the project's roadmap- what are your most important next priorities?
Mr. Jakob Kronbichler:
Next priority is launching testnet in 1-2 weeks and mainnet very soon after. We aim to launch with significant amount of liquidities form day one.
8. What are your plans in place for global expansion, are you focusing on only market at this time? @jakobkronbichler
Mr. Jakob Kronbichler:
DeFi is global from day 1 and so is our platform. We have a strong foothold in Asia but are also focusing on getting more customers in other part of the world.
CF: ♥️Seems like there're many things to learn more, but I'm afraid the time is up now. For all of the questions that have not been answered yet, guys feel free to search for more information on the links provided below:
🔮Clearpool:
https://clearpool.finance/
https://twitter.com/ClearpoolFin
https://t.me/clearpoolofficial
🔮Plutus VC:
http://plutusvc.com/
https://twitter.com/PlutusVc
https://t.me/tenxclub
