Background
The Maple Ecosystem
Maple is a decentralized corporate credit market. Maple provides capital to institutional borrowers through globally accessible fixed-income yield opportunities.
For Borrowers, Maple offers transparent and efficient financing done entirely on-chain.
Institutions can leverage their reputation to borrow undercollateralized without constant fear of liquidation and margin calls.
Borrowers access pools of capital governed by smart contracts and liaise with Pool Delegates to confidentially complete loan assessments.
For Liquidity Providers, Maple offers a sustainable yield source through professionally managed lending pools.
Diversified exposure across premium borrowers with staked reserve assets from the Pool Delegate providing first loss capital protection against loan defaults.
Set and forget solution with diligence outsourced to Pool Delegates.
Interest is accrued and reinvested to enable capital to compound over time.
For Pool Delegates, Maple is a vehicle to attract funding and earn fee revenue.
Maple is a new platform providing decentralized asset management infrastructure.
Globally accessible pools enable increased AUM from varied liquidity sources to be provided to networks of premium, credit worthy borrowers.
The Maple Protocol
Liquidity Providers (LPs) deposit funds into a Liquidity Pool in order to fund loans and earn yield. In return, they receive an LP token representing their share of the pool.
Pool Delegates are responsible for managing each pool. They perform due diligence and agree on terms with Borrowers using smart contracts. Pool Delegates are required to stake a specified reserve amount (decided and continuously updated by the protocol Governor) into their Pool to cover defaults, aligning their incentives with Liquidity Providers.
Borrowers request capital from the platform by creating a Loan (which holds collateral and receives funding) and inputting requested loan terms. Once these terms are agreed on with a Pool Delegate, Borrowers can withdraw the requested funds for a fixed term, at a fixed rate, and at a fixed collateralization level.
Holders of the Maple Token (MPL) participate in the following ways:
Passive MPL Holders earn a portion of protocol fees if they have added funds to the xMPL protocol revenue sharing contract.
As Maple moves towards full decentralization, MPL Holders will be able to submit proposals and vote on changes such as adding Pool Delegates and adjusting fees and staking parameters.
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