Maple
Search…
Why USDC:MPL?
The Pools currently require BPTs created from the MPL:USDC Balancer pool. The tokens in the stake locker contract must be easily liquidated in order to provide cover for Lenders in the event of a default. In order for this to happen:
  1. 1.
    MPL needs a liquid decentralized marketplace
  2. 2.
    Liquidation of MPL needs to produce the lending pool liquidity asset (USDC)
For these reasons, the MPL:USDC Balancer pool is the first pool token used to provide pool cover for the Maple protocol.
In addition to the reasons listed above, MPL is an ERC-2222 token that might receive USDC rewards sent by the Maple DAO Treasury in the future. In order for MPL staked in a DEX to take advantage of those rewards, they need to be paired with USDC. MPL pools paired with another token will not be able to reap reward from a future distribution of USDC fees by the DAO.
Copy link