Clearpool’s new CLEAR token has undergone a security review by Cantina Security, which examined both the token and the swap contract before the protocol’s planned migration on November 17.
The timing is significant. The swap contract is the code that will take in old CPOOL tokens and issue new CLEAR tokens, so it sits directly in the path of every holder who migrates.
What Cantina examined, and what holders should know
Cantina Security’s review covered two parts: the CLEAR token itself and the contract that manages the exchange.
The migration window opens on November 17, 2026, and remains open until February 17, 2027. That gives CPOOL holders about three months to complete the switch.
The exchange ratio is straightforward: one CPOOL converts into one CLEAR.
CLEAR will exist on Ethereum as a native ERC-20 token, the standard format used by most Ethereum-based tokens.
Holders planning to swap should verify the official CLEAR contract address through Clearpool’s own channels. The CLEAR contract address on Ethereum is 0x5200f539478F58D9aEA962095ba3b16b5e550E00. Migrations often attract counterfeit contracts, and a security review only protects people who interact with the reviewed contract.
The governance vote and the new token model
The migration did not happen in isolation. Token holders voted on the plan in October 2026, and the proposal passed with 97.16% support.
The vote covered more than a rebrand. It also approved Clearpool’s expansion onto the $XRP Ledger, a blockchain separate from Ethereum.
The new token also comes with a revised economic design. CLEAR’s total supply is targeted at roughly 1.429 billion tokens.
At migration, the initial circulating supply is expected to be about 1.125 billion tokens, equal to roughly 78.75% of total supply in circulation from day one.
The most notable change concerns where protocol fees go. Under the new model, 50% of protocol fees are directed to buybacks and burns.
Background: Clearpool and institutional credit
Clearpool is a protocol built for institutional lenders operating in real-world credit markets. Rather than lending against volatile crypto collateral, it focuses on credit tied to traditional businesses and institutions.
Since launching in 2021, the protocol has originated nearly $1 billion in loans.
The $XRP Ledger expansion ties into a broader ambition. Clearpool plans to grow into wider credit products using RLUSD, the stablecoin issued by Ripple.
Notably, the protocol is not leaving Ethereum. Operations there are set to continue, with CLEAR remaining an Ethereum-native token while the business extends into the $XRP Ledger ecosystem.
What this means for holders and the protocol
For CPOOL holders, the immediate takeaway is procedural: there is a fixed window, a fixed ratio, and a reviewed contract to use during that window.
The Cantina Security review addresses one of the largest practical risks in any migration: bugs in the swap mechanism itself. Swap contracts process large token volumes in a short time, making them an attractive target if anything is misconfigured.
A review is not a guarantee. It reduces the likelihood of a known class of problems, but holders remain responsible for interacting with the correct contract and avoiding phishing attempts disguised as migration portals.
Source: cryptobriefing.com. Adapted by NBTC.
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