Decentralized Lending Protocol Maple Adopts weETH as Collateral

Source
Uk Jin

Summary

  • Maple (MPL) announced that it has adopted weETH as a new collateral asset.
  • It stated that borrowers will be able to borrow USDC with EtherFi incentives.
  • The new weETH lending pool offers an initial $50 million lending cap, a 2% annual EtherFi yield rebate, and a 2-month maturity condition.

The decentralized lending protocol Maple (MPL) has adopted weETH as a new collateral asset. weETH is a restaked asset from EtherFi.

On the 1st (KST), according to cryptocurrency-specialized media The Block, Maple announced in a statement, "weETH has been added as a loan collateral asset," and added, "Borrowers will be able to borrow USDC with EtherFi incentives."

The newly established weETH lending pool plans to provide a 2% EtherFi annual yield rebate, limited to an initial $50 million loan cap. The loan has a 2-month maturity, with a minimum amount starting at $5 million.

publisher img

Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
What did you think of the article you just read?