Maple Finance 2.0 overhaul aimed at speeding up the defaulting process

crypto hedge fund Orthogonal Trading

The new protocol overhaul, dubbed “Maple 2.0” will upgrade its smart contracts so that defaults such as these can be more quickly handled and settled by Pool Delegate. Furthermore, when a borrower doesn’t pay within the grace period, the Delegate can liquidate the loan — meaning all lenders within the pool can realize a loss immediately while recovery is pursued, it added.The new version of Maple Finance also includes features meant to make quality of life changes to the lending platform.

Pool delegates now provide First Loss Capital, making them the first to suffer in the event of a default. The Maple team believes this will more closely align pool delegates' interests with the interest of lenders.

Wow, Maple Finance is really pushing the envelope with their new protocol! Looks like they're making it easier to use DeFi with secure, trustless transactions. HODL tight! DeFi DeFiRevolution crypto

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