Summary
- Linea said it collaborated with Maple Finance to launch an Ethereum (ETH)-based lending product.
- It said the launch of this product will strengthen liquidity and utility within the Linea chain.
- Linea said it expects institutional investors to expand on-chain asset management.
On the 7th (local time), according to crypto asset (cryptocurrency) specialist media CryptoBriefing, Layer-2 network Linea (Linea) collaborated with DeFi (decentralized finance) lending protocol Maple Finance to introduce an Ethereum (ETH)-based lending product.
Through this collaboration, institutional lending functionality has been added to the Linea chain, allowing users to borrow funds using ETH as collateral.
Linea said, "With the launch of this product, liquidity and utility within the Linea ecosystem will be further strengthened," and "we expect institutional investors to expand on-chain asset management."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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