Maple Finance, one of the decentralized finance platforms, has created a $300 million pool for cryptocurrency miners in North America and Australia.
Cryptocurrency miners have had difficulties this year due to both the fall in crypto prices and the increase in electricity costs.
Companies like Maple and Antalpha are trying to catch up with miners looking for new financing.
Within the scope of the package created by Maple Finance, crypto money miners will be able to borrow money with a maturity of 12-18 months and an interest rate of 15-20%. Sidney Powell, CEO of Maple, said of these new ventures:
“Many credit institutions have withdrawn from the market due to recent events. Traditional credit institutions, on the other hand, have been slow to meet the (needs) of this sector. Cryptocurrency miners play a big role in the crypto ecosystem and we are proud to offer them a new financing tool.”