Ozean affords an non-obligatory compliance layer, native stablecoin backed by U.S. treasury belongings, and real-world asset liquidity layer.
Clearpool, a significant DeFi credit score protocol, is launching an Ethereum Layer 2 community designed to facilitate DeFi use instances for real-world belongings.
On Aug. 20, Clearpool introduced Ozean, an OP Stack-based Layer 2 community catering to real-world asset (RWA) yield protocols by providing an non-obligatory compliance layer alongside a decentralized id system facilitating know-your-customer necessities.
Clearpool stated the non-obligatory compliance layer unlocks RWA interoperability throughout permissionless protocols, enabling unprecedented progress charges throughout the RWA sector.
“RWA protocols lack composability, and DeFi purposes endure from poor consumer expertise,” Clearpool stated. “With an opt-in compliance layer, customers solely must onboard as soon as. Protocols can set their KYC necessities, represented by a Decentralized ID token linked to the consumer’s tackle. This strategy permits nameless and permissioned customers to coexist, unlocking the substantial potential for a thriving trillion-dollar RWA ecosystem.”
The community combines Optimism’s OP Stack tech stack with Caldera’s rollup-as-a-service platform. With Ozean becoming a member of Optimism’s Superchain ecosystem, the venture will donate a portion of its income to the Optimism Collective.
The Clearpool lending protocol has originated $590 million price of loans since launching in March 2022. The value of Clearpool’s CPOOL token is up 17.6% previously 24 hours, in accordance with The Defiant’s crypto value feeds.
Native stablecoin yield
Ozean additionally takes inspiration from Blast and Mantle by providing a local yield mechanism for customers bridging belongings onto the community.
Any stablecoins bridged onto Ozean will routinely convert into USDX, a stablecoin backed by U.S. treasury payments or equal belongings. USDX holders can then lock their belongings in alternate for ozUSD, which accrues yield for tokenholders.
OzUSD yields will alter based mostly on how lengthy holders lock their tokens for, with Clearpool presently estimating {that a} six-month lockup will accrue annual curiosity of 5.35%. “This on-chain yield curve facilitates the event of a broad vary of economic devices, together with FX swaps, IRS, CDS, and swaptions,” Clearpool stated.
USDX will comprise Ozean’s native gasoline token, whereas Clearpool’s CPOOL token powers a local staking mechanism accruing rewards from sequencing and blockspace charges and the treasury belongings backing USDX.
CPOOL is topic to a quarterly buy-back-and-burn mechanism funded with Clearpool protocol income.
RWA liquidity layer
Ozean affords an “RWA liquidity layer” referred to as Oxygen. Clearpool stated the layer will include tokenized treasury belongings, essentially the most liquid cryptocurrencies together with Bitcoin and Ethereum, and Ozean-native yield-breaking tokens.
Oxygen, often known as 02, seeks to offer a “unified basket of belongings” facilitating lending, collateral, and buying and selling use instances. Oxygen belongings are topic to weekly rebalancing to keep up goal weights.
“O2 accrues worth by way of yields from lending protocols and tokenized treasuries, and it may be staked to earn charges and leveraged,” Clearpool stated. “This distinctive layer additionally helps stablecoin issuance and lending backed by RWAs, boosting liquidity and enhancing monetary flexibility within the Ozean ecosystem.”
Ozean additionally contains a native custodial pockets service designed to mitigate the frictions related to conventional Externally Owned Account wallets.
Learn Extra: Clearpool Launches Institutional Credit score Market on Arbitrum
