Maple Finance 2.0 overhaul aimed at speeding up the defaulting process

Maple Finance is a decentralized credit market powered by blockchain technology. Instead of requiring overcollaterlization of loans, it instead allows managers, called “Pool Delegates” to issue loans from its lending pools based on a set of risk-management criteria, according to the protocol’s documents. Introducing Maple 2.0. Maple 2.0 is a fundamental overhaul of the smart […]

Crypto trading firm Auros Global misses DeFi payment due to FTX contagion

Crypto trading firm Auros Global appears to be suffering from FTX contagion after missing a principal repayment on a 2,400 Wrapped Ether (wETH) decentralized finance (DeFi) loan. Institutional credit underwriter M11 Credit, which manages liquidity pools on Maple Finance, told its followers in a Nov. 30 Twitter thread that the Auros had missed a principal […]

Maple Finance CEO: Separating risk from lending saved DeFi from market crash

Maple Finance co-founder and CEO Sid Powell says that transparency has been the saving grace of decentralized finance (DeFi) amid the prolonged crypto market slump. Speaking to Cointelegraph on the sidelines of the Converge22 conference in San Francisco, Powell noted that, throughout the crypto winter, DeFi has continued to operate as intended while centralized finance […]

Maple Finance launches $300M lending pool for Bitcoin mining firms

On Tuesday, institutional crypto lending protocol Maple Finance and its delegate Icebreaker Finance announced that they would provide up to $300 million worth of secured debt financing to public and private Bitcoin mining firms. Qualified entities meeting treasury management and power strategies standards located throughout North America, as well as those in Australia, can apply […]

Finance Redefined: 1Password partners with Phantom, and Stark deploys nine DApps, Feb. 18–25

Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. In the aftermath of concerning political situations this week, the markets reacted strongly to the downside, but some assets attempted a recovery to end the week positively. 1Password collaborates with Phantom Wallet on API service Digital security platform 1Password announced a joint partnership with Phantom […]

Maple Finance partners with Celsius to launch wETH lending pool

Digital asset lending platform Celsius has become the first pool delegate from the centralized finance market to deploy a crypto-centric lending service on Maple Finance, utilizing the latter’s smart contract and blockchain infrastructure to facilitate a $30 million pool to institutional investors. Celsius succeeds existing pool delegates BlockTower, Orthogonal Trading, Maven 11 and Alameda Research […]

New DeFi ‘passport’ could enable under-collateralized crypto loans

Decentralized finance (DeFi) protocol Arcx has announced the launch of Sapphire v3, a DeFi passport allowing crypto users to pseudonymously build and verify their reputation on-chain. Announced June 2, the DeFi passport will score users on a scale between 0 and 1,000, with Arcx advancing that the passport “incentivizes reputation-building and curates on-chain identity into […]