FTX-Alameda casualty Maple Finance launches institutional lending
Maple Finance launches Syrup, a DeFi protocol offering secured institutional lending, amid lingering skepticism from the FTX-Alameda fallout. Go to Source
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Maple Finance launches Syrup, a DeFi protocol offering secured institutional lending, amid lingering skepticism from the FTX-Alameda fallout. Go to Source
Launched in April, the USDC Pools were previously accessible only to non-U.S. accredited investors. Go to Source
The lending platform’s team will begin offering loans directly to some borrowers instead of relying solely on pool delegates to provide capital. Go to Source Powered by WPeMatico
The so-called on-chain management protocol gives non-U.S. accredited investors access to one-month U.S. Treasury yields. Go to Source Powered by WPeMatico
The overhaul of the protocol, dubbed “Maple 2.0” comes only weeks after the platform saw two major defaults on the back of FTX’s collapse. Go to Source Powered by WPeMatico
Auros is an algorithmic trading and market-making firm that provides liquidity for exchanges and token projects. Go to Source Powered by WPeMatico
According to a report from Orthogonal Credit, a delegate of Maple Finance’s lending pools, the firm decided “earlier this year” not to lend to Alameda Research, FTX’s quantitative trading firm. Orthogonal said through “due diligence” it “identified a number of key weaknesses” associated with Alameda. Orthogonal Credit Found ‘Key Weaknesses’ Tied to FTX’s Alameda Research … Read more
DeFi crypto lending has operated as intended through the crypto winter because transparency kept it in line and business activities were siloed, according to Maple Finance’s Sid Powell. Go to Source Powered by WPeMatico
The institutional lending platform has facilitated $1.8 billion worth of digital currency loans since May 2021. Go to Source Powered by WPeMatico
On July 13, the dedicated crypto price tracking, volume, and market capitalization web portal Coingecko published the company’s “Q2 2022 Cryptocurrency Report” which discusses the last quarter’s crypto market action and insights. The 46-page report explains how the Terra UST and LUNA fallout wreaked havoc on the entire crypto ecosystem and the stablecoin economy. Moreover, … Read more