Crypto NewsAltcoinMaple Finance Develops Debt Pool for Treasury Bills

Maple Finance Develops Debt Pool for Treasury Bills

Decentralized lending platform Maple is working on new products to win back customers after the FTX crisis.

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Cryptocurrency-based lending platform Maple Finance plans to launch a new debt pool that allows customers to invest in US bonds.

Maple co-founder and CEO Sidney Powell stated that the issue came to the table in their community conversation today. Powell emphasized that apart from the bond initiative, they also plan to hold a community vote for the local token MPL.

The debt platform operating on the blockchain is rolling out different products to attract more customers. Maple has launched a pool for crypto lovers who want to invest in their tax receivables in the past months.

Sidney Powell believes that real asset loans will be one of the trend investment tools in the future.

After the news, Maple Finance's native token MPL rose in value.

$MPL has risen 15% in the past 24 hours, according to data from Coinbase. Although the MPL token is at $6 during the day, it is currently trading at $5.18.

Is the FTX Crisis Over?

Maple Finance was negatively impacted by the FTX exchange, which went bankrupt last November. The platform, which was left alone with a loan dividend of $ 36 million, wrote a great loss. In the process, the MPL token fell from $ 65 to $ 4.

Before the bankruptcy, Maple's TVL was worth over $150 million, according to DeFi followers. Today, this figure is only around $4 million.

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