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Maple Finance is a lending protocol primarily providing unsecured lending services to institutions. Since its launch in 2021, Maple has successfully facilitated the disbursement of over $2 billion in loans from 15 different funding pools.
Maple operates through lending pools managed by operators who underwrite commercial loans. Currently, these node operators consist of TradFi firms (e.g., Room40, AQRU) and Web3-native companies (e.g., Maven11 Credit), with several larger TradFi credit funds in preparation. These node operators play a critical role in sourcing, due diligence, and setting loan terms.
With the launch of Maple Direct last month, the Maple team has also become a node operator running a funding pool that uses new technology developed by Maple in partnership with qualified custodians to offer over-collateralized loans secured by BTC, ETH, and staked ETH.
Maple Finance has issued two tokens: MPL on Ethereum and SYRUP on SOL, each with a total supply of 10,000,000. Users who stake MPL receive xMPL, and 50% of protocol revenue is used to buy back MPL from the open market and reward xMPL holders.
Undoubtedly, Maple experienced significant ups and downs during the bear market's depths, especially amid the CeFi lending crisis and the FTX collapse. However, the team worked diligently under adversity and high pressure. Sid and Joe continuously built and adjusted strategies, enabling Maple Finance to successfully endure the crypto downturn, with 99% of all lent funds repaid—giving it a unique track record.
By flexibly adapting its business strategy in response to market changes, continuing innovation during the winter, maintaining its product advantages, and demonstrating founder resilience and capability, Maple Finance ultimately regained investor trust after bankruptcy events.
