Maple Finance Plots Comeback With New $100M Liquidity Pool for Tax Receivables With 10% Yield

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

After defaults and a major overhaul, crypto lending protocol Maple Finance moves away from uncollateralized lending toward bringing yield-generating real-world assets to crypto investors. sndr_krisztian reports

The pool can scale up to $100 million and AQRU will consider lowering the entry barrier once it reaches a certain size.

Maple provides the blockchain-based technology to set up and maintain the pools. London-based public company AQRU will manage the pool – the so-called pool delegate –, overseeing applying firms and managing the loan book. The loan originator of the pool is Intero Capital Solutions, a financial firm specialized in receivables financing, who will use funds borrowed from the pool to lend to qualified companies in its network.

The new pool indicates that Maple is moving away from uncollateralized crypto lending to crypto trading firms, which resulted in $52 million in bad debt on the protocol and

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

sndr_krisztian 🚀🚀🚀

sndr_krisztian This will result in immense growth for RWAs tokens and Defi space. Never stop building

sndr_krisztian hmmmm, we want the best for crypto and also NFT

sndr_krisztian BlockJustin3

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Blistering Relationship Thriller Fair Play Goes through Hell and High FinancePhoebe Dynevor is simply phenomenal in the buckwild relationship thriller Fair Play. You know where Chloe Domont's great debut is going, but you can't look away. JacobOller's Sundance2023 review:
Source: PasteMagazine - 🏆 392. / 55 Read more »

MakerDAO Approves Deployment of $100M USDC on DeFi Protocol Yearn FinanceThe decision opens the way for MakerDAO to earn an estimated 2% annual yield by depositing circle’s $USDC from its reserve system onto a iearnfinance vault. sndr_krisztian reports MakerDAO circle iearnfinance sndr_krisztian Totally safe, risk free yield MakerDAO circle iearnfinance sndr_krisztian MakerDAO just giving money away anywhere including Shitcoin $cfg centrifuge MakerDAO circle iearnfinance sndr_krisztian Total lost of confidence in makerdao
Source: CoinDesk - 🏆 291. / 63 Read more »