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Welcome to Maple
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Maple Protocol Overview V1.0.0
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Providing Pool Cover
Why USDC:MPL?
How does the Balancer Pool work?
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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.
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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.
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How does the Balancer Pool work?
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