Lending Platform Maple Prepares New U.S. Treasury Pool
04/12 01:59
According to Coindesk, blockchain-based crypto lending protocol Maple Finance is preparing to launch a lending pool that invests in U.S. Treasury bonds, co-founder and CEO Sidney Powell said during a protocol community call on Tuesday. Powell also said Maple is planning to hold a community vote later this year about new tokenomics and utility for its native token, MPL. The upcoming pool will allow accredited investors and corporate treasuries based outside of the U.S. to invest their stablecoin holdings in U.S. Treasury bonds and earn a yield. Maple is also working on additions to its lending offerings, Powell said during the call. A new feature, internally referred to as Maple Prime, will let borrowers actively manage their collateral positions. The protocol plans to expand into open-term lending, which will let borrowers to open credit lines to borrow without a maturity date.
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