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DeFi Debt Protocol Maple Finance Raised $1.3M To Offer Competitive Lending Terms To Institutional Clients
Summary: According to Coindesk, Maple Finance, a DeFi debt protocol has completed a $1.3 million seed round funding, participated investors include Framework Ventures, FTX, Aave founder Stani Kulechov, Synthetix founder Kain Warwick. Maple Finance aims to provide better lending terms to well-qualified institutional clients. A company with a good reputation can enjoy a fixed interest rate, the ...
According to Coindesk, Maple Finance, a DeFi debt protocol has completed a $1.3 million seed round funding, participated investors include Framework Ventures, FTX, Aave founder Stani Kulechov, Synthetix founder Kain Warwick.
Maple Finance aims to provide better lending terms to well-qualified institutional clients. A company with a good reputation can enjoy a fixed interest rate, the collateral amount can be as low as 40% of the loan value. Joe Flanagan, one of Maple’s co-founders adds: “With ours, it’s a set-it-and-forget-it solution. As long as you remain a paying borrower and meeting your obligations there will be no further calls on your collateral.”
By Mary Liu
Tags: Aave,collateral,DeFi,Framework Ventures,FTX,Funding,Loans,Maple Finance,Synthetix
Link: DeFi Debt Protocol Maple Finance Raised $1.3M To Offer Competitive Lending Terms To Institutional Clients [Copy]
