Introduced more Liquid Lending

This week we reduced capital lock-up from 90 to 30 days, effective across the Credora, Maven 11 and Orthogonal pools, making them some of the most liquid risk-adjusted opportunities in DeFi. The reduced lock-up comes after actively listening to large lenders in our ecosystem and their needs for more liquid lending opportunities. Read more from Credora, Maven 11 and Orthogonal.

September Pool Performance updates

The second round of monthly updates went live from Maven 11, Orthogonal and Credora. In these reports Pool Delegates dive into the performance of their pools, discuss the interest rates and highlight any new loans. See the September highlights below.

Maven 11

• 12 new loans totalling $106M were issued across 3 pools

• All interest and principal repayments were settled as planned

• Managed the merge, renamed to M11 Credit & met with clients at Token2049

Read the full report here.

Orthogonal

• Loans continued to perform and new loans underwritten continue to reprice the book

• Continue to improve due diligence funnel of market neutral borrower types

• The team met with borrowers and partners at DAS, Mainnet, and Cosmoverse

Read the full report here.

Credora

• Returned $1M to Lenders

• Issued 1st open-term loan to Ledgerprime

• Reduced lock-up to 30 days providing lenders with DeFi's most liquid, diversified and transparent lending pool.

Read the full report here.

Event roundup

Over the last couple of weeks Maple team members have attended, moderated and joined events all over the globe:

• Joe and our dev team attended Devcon Bogota

• Sid spoke on a panel with Credora and Voltz at Blockworks DAS in London about why DeFi wins because of risk management, transparency, and composability

• Sid was in NYC to attend the Prestel & Partner Family Office Conference and joined a panel alongside 21.co and Genesis to discuss adding crypto assets into an already diversified portfolio

• Sid attended the Rockaway Blockchain Fund Summit and joined a panel to talk about the outlook for DeFi and crypto

We’re also excited to share the recordings from previous panels:

• Sid on a panel at Messari Mainnet about the future of yield. Watch here

• Joe moderated a panel at Token2049 about DeFi in the aftermath of the CeFi unwind. Watch here

Messari Report: Maple Finance - Sweet and Steady

In a report from Messari, Kunal Goel dives into how Maple is sweet and steady and is coming out as the dominant on-chain lender. Maple’s undercollateralized lending has performed better than overcollateralized CeFi lending during the crypto downturn, originating over $1.6B worth of loans, ($1.85B at the time of writing, but who’s counting).

For more insights read the full report.

Delphi Digital Report: The State of Undercollateralized DeFi Lending

Delphi Digital shared a report on undercollateralized lending platforms showing that Maple dominates the market with 65% of total deposits, has originated the most loans to date, and that Maple pools are the most capital efficient of the group.

Read the full report to learn more about the DeFi lending space.

Neat Comms

• Decrypt shared an article on how Maple plans to be the Shopify of crypto lending

• The Australian DeFi Association shared a report about Maple

• We shared some pics from the second Maple offsite

• Meet Chad, who has joined Maple as Capital Markets Director

• Quinn joined a LinkedIn Live session from The Tie to chat about money moving on-chain with real-world assets

Next Week

• We’ll host our October Community Call. Join the call here

• Joe will be attending and speaking at BitGo Activate

• We’ll share the Q3 Treasury Report