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Cryptocurrency 9 minutes in the past (Dec 14, 2022 08:20PM ET)
Maple Finance is a decentralized credit score market powered by blockchain know-how. As an alternative of requiring overcollaterlization of loans, it as an alternative permits managers, referred to as “Pool (NASDAQ:POOL) Delegates” to problem loans from its lending swimming pools primarily based on a set of risk-management standards, in response to the protocol’s paperwork.
Nonetheless, within the wake of FTX’s collap, the platform skilled two main defaults from debtors on the platform.
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Maple Finance 2.0 overhaul geared toward rushing up the defaulting course of
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