Clear USD Factory

Using Clear Networks open-source CDP, users can deposit their label LRTs as collateral, and mint & borrow their labeled decentralized stablecoin, against these assets. The CDP uses and expands the proven SKY/MakerDAO model for a decentralized, unbiased, collateral-backed stablecoin.

The Stalecoin can be used by the label for various non/low slippage cross chain activities including DeFi.

Clear USD Factory allows users to:

• Collateralise thier Label.

• Create a labeled USD

• Borrow their labeled USD

• Farm their labeled USD

• Automatically earn yield via their labeled USD

• Repay the debt (labeled USD + borrowing interest)

• Withdraw collateral

• Claim rewards in The Clear Governence token for borrowing the labeled USD