Odaily News: Encryption institution lending agreement Maple Finance has completed $5 million financing, led by Tioga Capital and Blocktower Capital, with participation from GSR Ventures, Cherry Ventures, Veris Ventures, The Spartan Group, and others.

Maple Finance will use this round of financing to expand its loan department, Maple Direct. (Decrypt)

In previous news, Maple Finance, which suspended its Solana lending pool in January this year, will return to Solana and open its cash management solution. The new product provides on-chain financial management solutions for DAOs and Web3 companies, simplifying access to US Treasury bond yields.

UXD, the issuer of the Solana ecosystem stablecoin, Drift, the perpetual contract protocol, and Solend, the DeFi lending protocol, have all pledged to use the lending pool.