Clearpool collaborates with Banxa to launch the first credit vault product in Avalanche

On April 2nd, it was announced that Clearpool, a decentralized credit market, has successfully expanded its business on the Avalanche blockchain platform and partnered with publicly listed global fintech infrastructure provider Banxa to launch the first innovative product endorsed by Real World Assets (RWA) - Credit Vault. Banxa will initially borrow up to $5 million in USDC through its credit vault, providing lenders with a 7-day repayment period and additional AVAX token rewards. Since March 2022, Clearpool has provided over $480 million in loans to over 20 institutions, including Wintermute and Jane Street.