Lending
Crypto Lending Platform Maple Finance Unveils Major Overhaul, Stops Lending on Solana
The improvements attempt to solve Maple’s design shortcomings highlighted during a recent debt crisis, but they may reduce incentives for holding the protocol’s native MPL token in its new form, an analyst said.
Maple Finance's $54M of Sour Debt Shows Risks of Crypto Lending Without Collateral
Maple Finance, the largest unsecured crypto lending platform, is grappling with a debt crisis while gearing up for a major system upgrade. The project's MPL token has plunged, and depositors are likely to stomach big losses. Here's how it happened, and what comes next.
Crypto Audit Platform Sherlock Expects $4M Loss From Troubled Loans on Maple Finance
Sherlock deposited $5 million USDC of its staking pool into the beleaguered credit pool on Maple, which suffered a $31 million hit from Orthogonal Trading’s FTX-induced insolvency.
DeFi Risk-Sharing Protocol Nexus Expects Loss on Maple Credit Pool Investment as FTX Contagion Widens
Nexus Mutual, which offers an insurance alternative for decentralized finance traders, deposited some $19 million in ETH to Maple’s wrapped ether credit pool, which was rocked by Orthogonal Trading’s recent default.
FTX Contagion Spreads as Orthogonal Trading Gets Default Notice for $36M Debt on Maple Finance
Creditor M11 Credit issued a default notice to Orthogonal Trading for $36 million of loans, while Maple Finance severed all ties with Orthogonal for misrepresenting its financial position.
Crypto Trader Auros Global Misses Payment on DeFi Loan as FTX Contagion Spreads
The company missed payment on a 2,400 wrapped ether loan worth $3 million from a M11 Credit pool on Maple Finance.
DeFi Lender Compound Tightens Borrowing Limits After Aave Exploit Attempt
A passed proposal introduces borrowing caps for five cryptocurrencies and sets stricter loan limits for another five.
Jihan Wu's Crypto Lender Matrixport Looks to Raise $100M at $1.5B Valuation
Matrixport has $5 billion in trading volume every month, along with $10 billion in assets under management and custody.
Crypto Lender BlockFi Updates Users on Platform, FTX Exposure
The company denied rumors that a majority of its assets are custodied at collapsed crypto exchange FTX.
Justin Sun Moved $6M Stablecoins From TrueFi Lending Pools Before FTX-Alameda Bankruptcy
Bankrupt trading firm Alameda Research has $7.2 million in outstanding debt from a TrueFi credit facility.
