Clearpool Q1 has repurchased and destroyed approximately $63,800 CPOOL

ChainCatcher news, the decentralized capital market protocol Clearpool has announced the execution of the $CPOOL buyback and burn plan for the first quarter of 2024. $63,780.41 was used for buybacks, purchasing 271,854.577996 CPOOL. The buyback volume increased by over 50% compared to the previous quarter. 50% of the tokens were burned, and 50% were deposited into rewards.

It is reported that the income generated from Clearpool Prime and permissionless pools, along with the 1% monthly fee paid by borrowers, contributes to the buyback, with 50% allocated for this purpose.