New pool exclusive to institutional lenders from Maven 11
This week Maven 11 opened a third credit pool on Maple, exclusive to whitelisted institutional lenders and borrowers. Soon $40M will be issued to a diversified set of profitable trading firms on-chain, providing the transparent risk-adjusted yield opportunities lenders seek.
Across two existing pools and ~$500M loans issued Maven 11 maintains a 100% clean loan book so is perfectly positioned to offer a new yield opportunity for institutional lenders, in turn providing timely credit lines to market-making borrowers. Due to a pull-back from CeFi lenders, rates are higher than before the credit crunch.
Loans will be issued to a diversified set of borrowers with a spotless on-chain credit history. Flow Traders, a leading global market maker, borrow for the first time.
Expertise, borrower set & the built-in transparency of Maple have provided large institutional lenders Gadze Finance, Aqru and Qredo with the confidence to lend $40M at launch. All completed KYC/AML to lend into the pool.
To ensure security and operating efficiency, the pool is created and managed using Qredo's decentralized Multi-Party Computation tech that takes custody of the digital assets on a decentralized network. Qredo solidifies the partnership by allocating $2M at launch.
Read the full article on the Maple blog to learn more.
Reach out to Victor from Maven 11 or Claire from Maple to join the next tranche.
The news was picked up by Coindesk, Blockworks and Cointelegraph.
Next week Tuesday Sid and the Maven 11 team will celebrate the launch of their new $40M pool on Maple and take a look into pool creation and management. The launch event will include detail on the borrower set with a spotlight on Flow Traders, a deep-dive into Maven's underwriting process and an update on their other pools.
Add to calendar: https://calndr.link/event/VNBfXxxyVE
Join here: https://www.crowdcast.io/e/maven-pool-launch-event
Nexus Mutual deposited 10% of their treasury in Maple
This week a proposal for Nexus Mutual to deposit 10% of their treasury into Maven 11's wETH pool was passed. The deposit and subsequent new loans will follow soon.
Across Maple, we've onboarded Merit Circle, Pickle, and Rook as lenders into pools and will continue to provide a suitable DAO treasury management venue for teams in the space.
View the proposal here.
The news was picked up by The Block.
Maple takes the stage at conferences
This week Katherine (Maple General Counsel) took the stage at DeFiCon and Quinn T (Maple Head of Growth) at Canaccord Genuity 42nd Annual Growth Conference.
At DeFiCon Katherine joined a panel alongside other GCs Lee Schneider (Ava Labs) and Christopher Grieco (FEI Protocol Tribe DAO), and CSO Ben DiScipio (Bloom) to discuss how the intersection of law and crypto is building sustainable DeFi projects. We’ll share the recording once it’s live.
Quinn T was at Canaccord Genuity 42nd Annual Growth Conference to give an overview of Maple to big names in TradFi. The event brings together institutional investors from across the globe with some of the best and most promising growth companies in Technology, Healthcare & Life Sciences, Sustainability, Industrials, and Consumer & Retail. Watch the recording here.
We’ll host a Pool Delegate Call with Maven 11 to celebrate the new pool.
We’ll turn the spotlight on the Orthogonal Trading USDC pool.
Last Edited 05 October 2023