Maple finance


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Maple Finance Announces Major Upgrade, Stops Lending on Solana

Blockchain-based lending platform Maple Finance unveiled a major protocol overhaul in an attempt to improve on shortcomings highlighted by a spate of recent loan defaults after being hit with the FTX fallout. Maple Finance CEO Sid Powell discusses the upgrade and state of crypto lending in the wake of FTX's collapse.

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Mercados

Crypto Lending Platform Maple Finance Unveils Major Overhaul, Stops Lending on Solana

The improvements attempt to solve Maple’s design shortcomings highlighted during a recent debt crisis, but they may reduce incentives for holding the protocol’s native MPL token in its new form, an analyst said.

(Unsplash)

Mercados

Maple Finance's $54M of Sour Debt Shows Risks of Crypto Lending Without Collateral

Maple Finance, the largest unsecured crypto lending platform, is grappling with a debt crisis while gearing up for a major system upgrade. The project's MPL token has plunged, and depositors are likely to stomach big losses. Here's how it happened, and what comes next.

There's some $54 million of sour debt on Maple Finance's lending platform because some of its largest borrowers were devastated in the FTX-blowup. (Michael Diane/Unsplash)

Finanzas

Celsius Links Up With Maple Finance for Liquidity Play

Crypto lending platform Celsius will get exposure to yield from market makers Wintermute and Amber by delegating $30 million of wETH to Maple’s pools.

Sid Powell, CEO of Maple Finance (Maple Finance)

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