Share this article
Celsius Links Up With Maple Finance for Liquidity Play
Crypto lending platform Celsius will get exposure to yield from market makers Wintermute and Amber by delegating $30 million of wETH to Maple’s pools.
By Sam Reynolds
Updated Apr 10, 2024, 2:06 a.m. Published Feb 24, 2022, 2:00 p.m.
Celsius, a crypto lending platform best known for paying out yield considerably higher than bank savings accounts on stablecoin deposits, announced Thursday that it is committing $30 million of wrapped ether (wETH) to Maple Finance’s liquidity pools.
- Maple Finance provides liquidity to market makers such as Wintermute and Amber.
- In turn, Celsius would be able to get exposure to the yield generated by firms like Wintermute and Amber for its vast pools of capital.
- “The interesting angle is that Celsius is using DeFi to run its lending infrastructure,” Sid Powell, Maple Finance’s CEO and co-founder, told CoinDesk. “It’s a big move forward where you have a CeFi lender acknowledging that they need to be in DeFi and turning to Maple to run their infrastructure.”
- While the pool is starting at $30 million, Powell projects that it could be worth $500 million or even $1 billion after 12 months.
- In November, Maple launched a pool in the form of a syndicated loan for Alameda Research, a trading firm, market maker and investor, which would give institutions access to Alameda’s yields in the form of a loan product.
- Maple launched the pool for Alameda in November at $25 million, but Powell told CoinDesk it has since grown to $100 million.
- Powell thinks there will be similar growth with Celsius’ pool, as they have $30 billion in assets they need to produce a yield on, he explained.
- Maple Finance’s eponymous token MPL is down 7.6% on the day, according to CoinGecko, as part of a broader market downturn due to instability caused by the war in Ukraine.
Read more: Crypto Lender Celsius Network Raises $400M in Bid to Reassure Regulators
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Foundation behind restaking protocol EigenLayer plans bigger rewards for active users
An Incentives Committee would direct programmatic token emissions, focusing allocations on participants that secure AVSs and contribute to the EigenCloud ecosystem.
What to know:
- The Eigen Foundation has unveiled a governance proposal aimed at ushering in new incentives for its EIGEN token, shifting the protocol’s reward strategy to prioritize productive network activity and fee generation.
- Under the plan, a newly formed Incentives Committee would manage token emissions, prioritizing participants who secure Actively Validated Services and expand the EigenCloud ecosystem.
- The proposal includes a fee model that channels revenue from AVS rewards and EigenCloud services back to EIGEN holders, potentially creating deflationary pressure as the ecosystem grows.
Top Stories
