ICYMI: Week 8 updates from Maple Finance

Maple Finance
3 min readFeb 25, 2022


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.

Read the full release on Medium.

Check the Pool for yourself here.

Perfect graphic for the perfect partnership — Thanks to the team @ The Defiant

Key Celsius Comms:

Blockworks: Celsius Dips Into DeFi, Delegating $30M in ETH on Maple Finance

The Defiant: CeFi Meets DeFi as Celsius Joins Forces with Maple Finance on Crypto Lending Protocol

CoinDesk : Celsius Links Up With Maple Finance for Liquidity Play

CoinTelegraph: Maple Finance partners with Celsius to launch wETH lending pool

Crypto Briefing: Maple Finance Onboards Celsius as First CeFi Lender

Neat tweets came from:

Sid, who shared the journey to launch and why it’s the perfect partnership.

Our friend Stephen at Circle Pay… impressed with the relentless execution. How do you keep moving fast?

Me (haha) — I thought this was a good play on words, wdyt?

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!

Get to know our all-star team here: https://lnkd.in/eaR9FhYx
Apply here: https://lnkd.in/dsHw_Nj
DM Head of Talent James Baulcomb

Key comms:

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.

Next week:

  • 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 👀

Join us on our journey:



Maple Finance

Maple Finance is an institutional capital marketplace powered by blockchain technology.