Maple Finance has cut ties with trading company Orthogonal over failure to repay due debtsOne of the biggest crypto lending protocols, Maple Finance, recently revealed that it would break connections with another crypto enterprise, Orthogonal. The latter’s financial situation prevented it from being able to pay back its debt, which had a role in the former’s final choice.
After severing ties with Orthogonal, the lending platform stopped having the trading business act as a pool delegate. With $31 million in current liabilities over four loans, M11 Credit hasa notice of default to Orthogonal for the entirety of the USDC stablecoin pool’s outstanding loans. According to the report, this amounts to 1.6% of Nexus’ total assets. In addition, troubled market maker