What is Clearpool?

Clearpool is a decentralized credit marketplace that enables institutional borrowers to access unsecured liquidity directly from decentralized finance (DeFi) lenders. The protocol connects lenders with vetted borrowers through single-borrower liquidity pools, allowing institutions to access capital without over-collateralization. Unlike traditional DeFi lending platforms that require borrowers to over-collateralize loans, Clearpool introduces an undercollateralized model where credit risk is assessed off-chain and reflected in dynamically priced interest rates.

What is CPOOL?

The native token of the protocol, CPOOL, operates on the Ethereum network. CPOOL serves as the governance and utility token of the Clearpool ecosystem, enabling holders to participate in governance, stake tokens to support protocol operations, and earn rewards through ecosystem participation. The token has a total supply of 1 billion units, with approximately 975.37 million CPOOL in circulation at the time of this publication.

Risk Statement

Before trading any crypto assets it is important to understand the risks. This overview is a starting point for you to perform your own research prior to investing in a crypto asset.

No securities regulatory authority or regulator in Canada has evaluated or endorsed the Crypto Contracts or any of the crypto assets made available through the platform.

Wealthsimple has performed an assessment of whether CPOOL can be supported by Wealthsimple's platform, including whether CPOOL is a security and/or a derivative and is being offered in compliance with securities and derivatives laws.

We evaluated CPOOL based on publicly available information, including (but not limited to):

• The creation, governance, usage and design of CPOOL, including the source code, security and roadmap for growth in the developer community and, if applicable, the background of the developer(s) that first created CPOOL;
• The supply, demand, maturity, utility and liquidity of CPOOL;
• Material technical risks associated with CPOOL, including any code defects, security breaches and other threats concerning CPOOL and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them;
• Legal and regulatory risks associated with CPOOL, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of CPOOL; and
• Statements made by regulators or securities regulatory authorities in Canada and other jurisdictions regarding whether CPOOL, or generally about whether the type of crypto asset, is a security and/or a derivative.

Wealthsimple monitors ongoing developments related to crypto assets available on its platform for significant changes that may affect Wealthsimple's original assessment of those assets, including Wealthsimple's assessment of the application of securities and derivatives laws. Any significant changes relating to CPOOL may result in changes to this Crypto Asset Statement and/or Wealthsimple's ability to support CPOOL.

Like all other crypto assets, there are some general risks to investing in CPOOL. These include short history risk, volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk, electronic trading risk and cyber security risk. Please review the Wealthsimple Crypto Product Risk Disclosure for additional discussion of general risks associated with the crypto assets made available through the platform.

We emphasize that this Crypto Asset Statement is not exhaustive of all risks associated with trading CPOOL. Investors should perform their own assessment to determine the appropriate level of risk for their personal circumstances.

Wealthsimple is offering Crypto Contracts in reliance on a prospectus exemption contained in the exemptive relief decision Re Wealthsimple Investments Inc. dated December 18, 2023 (the Decision).

The statutory rights of action for damages and rescission in section 130.1 of the Securities Act (Ontario), and, if applicable, similar statutory rights under securities legislation of other jurisdictions of Canada, do not apply in respect of this Crypto Asset Statement to the extent a Crypto Contract is distributed under the prospectus relief in the Decision.

Last Updated: May 15, 2026