Unsecured crypto lending platform Maple Financeswitched to the second version of the protocol, Maple 2.0, to reach all corporate companies, regardless of whether they are in the digital asset industry.
Developers aim to reduce industry-related risks with Maple 2.0. According to current data, the majority of Maple Finance clients are crypto companies and market makers. Maple team, FTX he wants to get rid of the risks by considering the collapse of the stock market.
What is Maple Finance? What Does It Do?
Maple Finance, trusted companies without leaving collateral cryptocurrency It is a platform that allows them to get debt. Fund holders with excess funds transfer their money into Maple’s debt pool to earn a return on deposits. Maple provides this fund to its whitelisted customers.
Maple does not assume credit risk, as it does not lend from its own funds, but only brings together economic actors who need each other. Last week, a lender named M11 transferred a loan to the Maple pool. FTX It had a default problem because it bought a related company. Orthogonal Trading, which borrowed from Maple, could not pay the $ 36 million loan when it was due.
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