GM fellow jays! Have you read our article on @maplefinance?
If not don't fret, let me summarise it for you!
What is @maplefinance?
It is a institutional capital market that is built on ETH & SOL (1/9)
Mission: Provide a capital market infrastructure that enables capital flows and borrowing to occur
Bringing credit markets on chain, Maple transforms the debt capital markets through blockchain technology by making it more operationally efficient, and more transparent (2/9)
Operational Efficiency
Loan processing on Maple is immediate, efficient and runs 24/7 round the clock as it is utilizing a public blockchain
Actions of individual users are all visible on-chain, enabling more effective risk management and analytics on capital flows (3/9)
Maple allows yield-generation by lending to blue-chip institutions in the crypto sector that are cash flow generative
Lenders
Choose a Lending Pool Fund based on their preferences and risk appetite and receive interest payments that are coming from real businesses (4/9)
Borrowers
Reputable & cash-flow generative crypto institutions who come to Maple to access credit for business expansion.
Stringent KYC-AML, credit checks and term agreements are completed by Pool Delegates in order for the institutions to start borrowing. (5/9)
Pool Delegates
Manages the lending pools:
- underwrite loans
- perform due diligence of the borrowers
- negotiate loan terms
- liquidate collateral in the event of a default
(6/9)
Pool Cover Providers
lenders with a higher risk appetite
- earn higher yields
- provide first loss capital
(their funds will be the first line of “defense” whenever the borrower defaults) (7/9)
Stakers
$MPL holders who stake & receive $xMPL
Returns are derived from protocol revenues and can be withdrawn immediately
Estimate initial APY for staking is 5–10% (8/9)