Maple Finance has launched a new liquidity pool allowing for investments in U.S. Treasury bonds to be made by both accredited investors and stable coin holders outside the U.S. A vote is planned to take place later this year in order to discuss MPL token’s utility and tokenomics. Before the announcement, MPL’s value rose to 23%. In December, Maple Finance’s relationship with Orthogonal Trading ended due to misrepresentation of the latter’s financial position. Maple Finance events exposed approximately 80% of its liquidity providers who faced losses worth an estimated 36 million due to FTX's collapse. M11 credit pool is now operational again and has the KyC pool on Maple. It is predicted that the Shanghai Ethereum update and increased regulations will provide opportunity for market-neutral trading companies. Obtaining financing options has become limited with CeFi lenders unable to supply cheap capital and banking issues resulting in limitations to on-ramp options for USDC.
Selena Ramirez
- 2023-04-13
Maple Finance Launches New Liquidity Pool
Maple Finance has launched a new liquidity pool allowing for investments in U.S. Treasury bonds to be made by both accredited investors and stable coin holders outside the U.S. It is predicted that the Shanghai Ethereum update and increased regulations will provide opportunity for market-neutral trading companies.
