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Maple Finance TVL grew up to 4 times to $100 million as of Q2
2023-11-21 04:14:42
Odaily News As of the second quarter of 2023, Maple Finance (MPL) TVL has increased by up to 4 times. Maple Finance’s growth has been fueled by RWA (real world asset) lending and tokenization, as well as the launch of three groundbreaking new products this year, taking its TVL (total borrowing and staking) to $100 million. The first product launched by Maple Finance this year is: cash management, a U.S. Treasury bond mortgage pool, providing investors with safe and stable returns. The second product: Maple Direct, fills the gap left by the collapse of CeFi lending and provides lending solutions for BTC and ETH funds. The third product, RWA Asset Lending, leverages the uncorrelated returns of private credit and is increasingly popular among high net worth individuals (HNWI). Commenting on the company’s growth, Sid Powell, CEO of Maple Finance, said: “Our expansion into Asia and the introduction of on-chain private credit are critical to the company’s growth. There is significant interest in RWA yields, and Maple’s Capital pools are at the forefront of meeting this need. Our goal is to continue to innovate and provide customers with safe and reliable lending opportunities.” Maple Finance (MPL) is an example of how traditional financial concepts can be effectively applied and enhanced in the DeFi space . Remaining focused on product security, diversity and expansion into new markets, Maple Finance (MPL) is set to continue its impressive growth trend in the coming years.