CLP: Liquidity Protocol and Native Stablecoin for ICP Ecosystem

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Greetings to the ICP Community,

We are excited to introduce the Crato Liquidity Protocol (CLP), a cutting-edge CDP-based liquidity protocol designed specifically for the ICP ecosystem. As the first native stablecoin and liquidity solution within ICP, CLP aims to revolutionize the way we interact with digital assets, providing a secure and efficient platform for asset management and stablecoin issuance.

About CLP

CLP is a decentralized finance (DeFi) project that leverages the capabilities of the Internet Computer (ICP) blockchain to offer a robust liquidity protocol. Our main features include:

  • Vaults: Users can deposit assets such as ICP, ckBTC and ckETH to create Collateralized Debt Positions (CDPs).
  • Borrowing: Users can borrow our native stablecoin, CUSD, against their deposited assets.
  • Liquidation Pools: These pools ensure the stability of the system by handling the liquidation of undercollateralized CDPs.
  • Future Modules: Staking and Governance modules are under development to further enhance our ecosystem.

Latest Progress

The product speaks the best language of communication. After months of rigorous development and testing, CLP has successfully completed its first phase of product development. We have implemented and deployed the main modules, including deposits, withdrawals, lending, and liquidation, in a test environment. The public beta testing phase is now live, and we invite the community to actively participate and provide feedback.

Current Activities and Airdrop Plan

We are thrilled to announce the public beta testing and airdrop plan for CLP! Here are the highlights:

  1. Community Promotion Airdrop: Follow our Twitter account, retweet our post, @ three friends, and join our Telegram group. Each week, we will select 10 lucky winners for four weeks.
  2. Testnet Participation Airdrop: Engage with our product on the testnet. All participating addresses will be recorded and considered for the airdrop.
  3. Feedback Submission Airdrop: Provide your valuable feedback on the CLP product, CDP track, and ICP ecosystem. Rewards will be given based on the first submission of unique suggestions.

For more detailed information about our airdrop activities, please visit this link.

Get Involved

Join us in shaping the future of liquidity and stability in the ICP ecosystem. Your participation and feedback are crucial to our success.

Thank you for your support and participation in the CLP project. Let’s build a stronger, more liquid ICP ecosystem together!

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During the planning and development of CLP, we have posted another detailed article on the forum. Please refer to it here: Building a Native Stablecoin for the ICP Ecosystem.

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Congratulations on the launch of our testnet! I invite everyone to participate in testing and warmly welcome your feedback. Feel free to engage with us on Twitter and Telegram at any time.

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Only can login with your internet identity? Is it safe to connect to a testnet with your II?

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According to official recommendations, we directly deploy products to the main network, and users use test tokens for testing. The testing process will not require you to transfer or authorize. So your assets are safe.

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The latest version of deck and white paper released:

CLP Pitch Deck:

CLP WhitePaper(EN):

CLP WhitePaper(CN):

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Update: Staking Feature Now Live on CLP Testnet!

Our staking feature has been live on the testnet since October 14th! :tada: If you haven’t tried it yet, now’s the perfect time. Stake your $CLPT, earn test rewards, and help us improve this exciting feature before the official mainnet launch. :fire:

Please note, all tokens and rewards earned during this phase are testnet tokens. Once we launch on the mainnet, you will be able to stake for real tokens.

Get involved now and share your feedback! :point_down:
https://testnet.clp.finance/#/

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Video Update: CLP Latest Developments and Vision

Discover the latest developments and vision behind CLP, a groundbreaking decentralized liquidity solution supported by the ICP Foundation’s Developer Grant. In this video, we walk through CLP’s innovative features, including seamless cross-chain asset management, core modules like Vaults and Staking, and our journey from early development to launch-ready status. We also highlight our valuable partnerships and future goals in DeFi. Join us in shaping the future of decentralized finance, and learn how CLP is setting new standards for security, efficiency, and growth. Stay tuned and connect with us for more!