ICYMI: Week 8 updates from Maple Finance
Here is our ICYMI update from Week 8 2022. Celsius joined as Maple’s first CeFi Pool Delegate, we reached $680M TVL and kicked off the governance process for changes to tokenomics.
We welcomed Celsius as the first CeFi institution to launch a crypto-lending business on Maple Finance. Leveraging Maple’s DeFi infrastructure, Celsius enters institutional DeFi as a pool delegate, lending to Wintermute, Amber Framework, from a $30m pool of wrapped ETH. With a strategy to provide capital to fast-growing crypto institutions, the team plans to scale the number of borrowers and loans issued in the coming year.
“We are excited to use Maple’s DeFi rails to provide efficient access to capital for blue-chip crypto institutions. Maple’s lending infrastructure means we can move quickly and securely into the space. Celsius will draw on its deep experience in underwriting and look forward to welcoming new borrowers this year and beyond,” says Alex Mashinsky, CEO of Celsius.
Key Celsius Comms:
Crypto Briefing: Maple Finance Onboards Celsius as First CeFi Lender
Neat tweets came from:
In other news:
This week we reached $680M in TVL and have originated $830M in loans since launching just 9 months ago.
You’ll have seen that we plan to make changes to tokenomics for improved utility. Over the past few months, we’ve been in consultation with the community, partners, advisors on Discourse and Discord.
We are now inviting the community to join the formal governance process, and registered Mapes to vote on the proposed changes. The voting process for MIP — 8 commences at 10:30am ET on 03/01/22, end ending 10:30am ET on 03/08/22.
We reached 12.5k Twitter followers. Wen 13k?
In the spirit of ‘build, ship, 🥞, repeat’. We made a few front and back end changes to our WebApp.
We’re working hard to establish Maple as the dominant institutional crypto-capital network. To keep pace we’re looking to welcome more talent to the team!
🥞 Senior Business Development Manager
🥞 Senior Rust Smart Contract Engineer
🥞 Full Stack Web Developers (React & TypeScript)
🥞 Community & Governance Manager
🥞 And more!
WATCH Sid and the DeFi Slate team talk all things Maple at ETHDenver. The 20 min video gives insight to the Pool Delegate model that is unique to Maple, on-chain credit reputations, Maple DAO governance and tokenomics updates.
- Head of Engineering joins Maple
- We’ll share an article on Maple’s ‘DeFi rails’
- On Tuesday, Mapes will begin voting on the tokenomics governance proposal
- We’re getting ready to launch another, exciting pool 👀