Clearpool Confirms 1:1 CPOOL-to-CLEAR Swap, Ties Expansion to Governance Proposal
Key Facts
Clearpool’s official swap page allows CPOOL tokens to be converted into CLEAR at a fixed ratio of 1:1, according to the tool displayed on its website. The page says: "Swap your CPOOL for the new CLEAR token at a fixed 1:1 ratio." The ratio provides a conversion basis for holders of the old token, but the page does not specify when the swap will begin or the last day to complete it. A governance proposal published on September 11, 2026, included the conversion in a broader plan to change the token and fund the protocol’s next stage of growth. The proposal linked the issuance of CLEAR to expansion onto the XRP Ledger and recapitalization of the treasury. The dates of November 17, 2026, and February 17, 2027, cited in the account of the news are not confirmed by an open source in the information available.
The governance plan sets out a distribution of the new supply that gives current token holders a 70% share, with CPOOL converted to CLEAR at a 1:1 ratio and tokens made available at migration. This indicates that the swap is part of a broader token restructuring, rather than merely a name change on the conversion page. The proposal’s table also shows a total circulating supply of 1,125,000,000 CLEAR tokens at the time of the swap, compared with 1 billion tokens in the current-supply field. The proposal says CLEAR will continue to be issued natively as an ERC-20 token, with part of the new supply bridged to the XRP Ledger. According to the plan, that portion is intended to support incentives for yield products on the network.
The plan also calls for 50% of fees from Clearpool products to be used to buy CLEAR on the open market, with the purchased tokens permanently burned. Clearpool ties this allocation to a token economic mechanism for the protocol’s next stage of growth. The proposal also provides for additional CLEAR issuance to fund this expansion, with part of the new supply moved to the XRP Ledger. The available information does not estimate the value of fees to be allocated to purchases or the number of tokens expected to be burned. The figure in the plan therefore remains a share of fees allocated, rather than a specified cash amount.
Clearpool places the swap within a sequence of stages. The plan calls for the launch of a migration tool for token holders in Phase 2, which runs from weeks 4 to 10, alongside completion of the 1:1 conversion of CPOOL to CLEAR. Phase 3 follows and is dedicated to launching lending markets on the XRP Ledger. On its official website, Clearpool describes its activity as available across several networks, while saying its products on the XRP Ledger are "coming soon." The description indicates that lending markets on the network are still in preparation in the published information, and that their launch follows the migration-tool phase under the schedule. The available excerpt does not specify a calendar date for the launch of those markets.
The transition follows a vote by Clearpool token holders that showed 97% support for moving to the XRP Ledger on October 7, 2026, according to EL7 data. The result indicates community backing for the plan ahead of its implementation, while the proposal separates the token swap from the launch of lending products on the network. On its homepage, Clearpool displays total originated loans of $965 million, the figure shown on the website at the time of viewing. The metric offers a snapshot of the lending activity the platform reports as it sets out plans to expand to a new network. The next step specified in the proposal is the launch of the migration tool, followed by lending markets on the XRP Ledger.