TechFlow News — Maple Finance, the crypto lending protocol for institutions, has announced its official launch on Base, marking its third blockchain platform after Ethereum and Solana.
The first pool available on Base is Maple’s cash management pool, currently offering an annualized yield of 4.8%, sourced from short-term U.S. Treasury bills. Launched in August, the pool benefits from the high yields on U.S. government debt.
Joe Flanagan, co-founder of Maple Finance, said that most interest in this pool has come from “Web3 project treasuries,” adding that “over 50% of deposits” originate from this group.
Maple Finance plans to launch at least one new pool on Base before the end of this year.
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