Maple Finance is expanding its on-chain offering this autumn, rolling out services on the speedy Base network, making it the lending platform’s third blockchain after Ethereum and Solana. The first pool on offer on Base will be Maple’s Cash Management pool, which currently yields 4.8% generated from short-duration U.S. treasuries. Room 40 Capital is the sole borrower of the Cash Management pool, with web3 corporate treasuries and high-net-wealth individuals being the key demographic. All lenders go through KYC/KYB and an accredited investor check to ensure the compliance of the offering. The integration means Maple is “gaining direct access to thousands of current and future Coinbase Institutional customers” and Maple has indicated that there will be Base-exclusive products down the line. Edited by Stephen Graves.
This is good news for Maple Finance as they are expanding their on-chain offerings, and for Coinbase institutional customers as Maple Finance is gaining direct access to them. This ties into Maple Finance’s mission to let firms whip up their own credit facilities on the blockchain. It is also good news for lenders, as all lenders go through KYC/KYB and an accredited investor check to ensure the compliance of the offering.
You can read more about this topic here: Decrypt: Maple Finance Launches on Base Network, Targeting Institutional Activity