Maple X Cantor - some key things to take out of this announcement
Cantor is a leading traditional investment bank, issuing loans in stablecoins backed by actual Bitcoin on-chain - not ETF shares. The institutions are here and they are doing business with Maple.
Maple was one of the first counterparties they started with. This proves out the value proposition of the on-chain asset management business we've built - Maple is the conduit to bridge TradFi & DeFi.
This is the first of more wholesale capital facilities that will come online this year, and will enable us to scale AUM and revenue at a much faster rate.
The future of capital markets is on-chain, and it's already happening on Maple.
Institutional credit has always lived behind closed doors now it is reaching millions through @RobinhoodApp.
syrupUSDG is live on Robinhood Chain and Ethereum to provide real yield from real lending.
This is what onchain credit at scale looks like.
Maple is expanding into the Robinhood ecosystem, with syrupUSDG and syrupUSDC now live on Robinhood Chain.
Steakhouse approved Maple’s syrupUSDG as collateral for the vault used in Robinhood Earn, the first decentralized lending product available within the Robinhood app.
Now live on Ethereum and Robinhood Chain.
Maple x @krakenfx
We've brought asset-backed finance onchain, closing an institutional-grade warehouse facility for Kraken.
The result: Kraken's OTC clients access liquidity against their digital asset holdings, Maple's lenders access senior overcollateralized credit opportunities.
(1/7) Update from Maple
Maple has no active DeFi positions. We assessed risk exposure across DeFi and proactively removed all allocations. Through active risk management, Lenders have no exposure to rsETH or other indirect exposures, and the Maple platform operated as expected.
syrupUSDC supply on Kamino has now crossed 100M, pushing @maplefinance market past $200M in deposits.
Reflecting current demand, the cap has been raised to 200M syrupUSDC.
This doubles capacity for leveraged syrupUSDC exposure via Kamino Multiply.
Another revenue ATH: $2.159M in October and counting.
Maple has achieved its year-end revenue and AUM targets with two months to spare and we're not slowing down.
The next era of DeFi starts today.
@Aave and Maple are establishing a strategic partnership that brings institutional assets to the largest onchain lending market.
Pending governance approval, two @maplefinance assets (syrupUSDT and syrupUSDC) will soon be onboarded to Aave.
This introduces new institutional-grade collateral, backed by a consistent and trusted yield, to borrowers.