ICYMI: Week 29 updates from Maple
Welcome to our ICYMI update from Week 29 2022. This week we provided more updates on changes to the MPL Lending Rewards Program, the next episode of the Syrup Series went live, and Token Terminal shared insights about Maple’s performance in their Weekly Fundamentals.
More about changes to the MPL Lending Rewards Program
MPL Rewards for Lenders of the Maven 11 and Orthogonal Trading pools will change on August 1st to align longer-term participation for committed Lenders.
To achieve that the following changes will be implemented:
Rewards will not be earned for Lenders requesting withdrawals.
Lenders will receive rewards via a deposit directly to their wallets at the end of each month, reducing the complexity and number of transactions.
Maple has used the rewards program to bootstrap growth and incentivize lending participation since launch, and this will continue by allocating rewards to those remaining in the pool. This update to rewards is part of a continued program over the last 9 months to taper MPL rewards and allow the underlying yield from borrower repayments to be the main source of yield on the Maple protocol.
The amount of MPL rewards will be calculated at month-end based on:
Lender not requesting a withdrawal during that month.
Weighted average of lending balance across month.
MPL price at month end.
The next episode of the Syrup Series is live
The next episode of the Syrup Series is live on YouTube. In this video Sid talks through Maple’s vision to be the universal gateway to capital, the values that unite our team, and our strategy to ultimately bring the world's capital markets on-chain.
Watch the episode on the Maple YouTube channel.
Token Terminal Weekly Fundamentals: Maple’s Performance
In Token Terminal’s Weekly Fundamentals newsletter, they shared insights into Maple’s performance over the last week regarding protocol TVL and total revenue.
Maple came in second in the week’s top gainers list for Total Value Locked (TVL). TVL is useful as a technical metric to measure how much value is deposited into a protocol's smart contracts.
Maple is first on the list for this week’s top gainers by total revenue due to the interest and origination fees of loans.
Watch Joe’s second podcast with Token Terminal.
Read the full Token Terminal Weekly Fundamentals Newsletter.
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