Maple Finance secures SEC exemption for on-chain Treasury Pools
Launched in April, the USDC Pools were previously accessible only to non-U.S. accredited investors.
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Launched in April, the USDC Pools were previously accessible only to non-U.S. accredited investors.
The lending platform’s team will begin offering loans directly to some borrowers instead of relying solely on pool delegates to provide capital.
The so-called on-chain management protocol gives non-U.S. accredited investors access to one-month U.S. Treasury yields.
The overhaul of the protocol, dubbed "Maple 2.0" comes only weeks after the platform saw two major defaults on the back of FTX's collapse.
Auros is an algorithmic trading and market-making firm that provides liquidity for exchanges and token projects.
According to a report from Orthogonal Credit, a delegate of Maple Finance’s lending pools, the firm decided “earlier this year” not to lend to Alameda Research, FTX’s quantitative trading firm.…
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The institutional lending platform has facilitated $1.8 billion worth of digital currency loans since May 2021.
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