Mechanism

Asset Collateralization: Users pledge ckETH or ckBTC into the VAULT pool on the CLP platform, locking assets to borrow CUSD.

Stablecoin Borrowing: Building upon the collateralized assets, users borrow corresponding value of CUSD, enjoying zero-interest lending and only paying a certain fee.

Collateralization Ratio: To ensure system robustness, the platform sets collateralization ratio requirements. The value of ckETH or ckBTC pledged by users should be greater than 115% of the borrowed CUSD value.

Liquidation Mechanism: To incentivize user collateralization and borrowing, the platform establishes a liquidation pool. The CUSD in the liquidation pool is reserved by collateralized users, while the ckETH and ckBTC in the pool are provided by liquidating users. Through the liquidation mechanism, the system maintains the stability of CUSD.

CLPT Token Rewards: To encourage user participation in liquidity provision and liquidation, CLP issues the CLPT token. Users can earn CLPT rewards by depositing CUSD into the liquidation pool. CLPT also serves as a governance tool, giving holders the right to participate in important platform decisions.

Interest-Free Borrowing: Unlike traditional finance, CLP offers zero-interest borrowing. Users only need to pay a one-time fee, eliminating concerns about complex interest calculations.

User Experience Optimization: CLP is committed to providing smooth liquidity, supporting real-time deposit and borrowing services, and creating the ultimate user experience.