In an amazing turn of events, Maple Finance has accomplished a new all-time high (ATH) of $1 billion in Total Value Locked (TVL), blowing past its former peak established in 2022. This not only shows how much the platform itself has exploded in growth, but it really highlights the resilience of the crypto lending sector and the overall innovation happening within it. A Triumphant Recovery: Maple’s Journey from $20 Million to $1 Billion TVL Reaching this so-called billion-dollar milestone was no easy feat for Maple Finance. The concepts underlying DeFi crashes are abstract and hard to comprehend, which in part
The post Maple Finance Hits New All-Time High with $1B TVL, Marking a Major Comeback appeared first on The Merkle News.
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The overhaul of the protocol, dubbed “Maple 2.0” comes only weeks after the platform saw two major defaults on the back of FTX’s collapse.
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According to a report from Orthogonal Credit, a delegate of Maple Finance’s lending pools, the firm decided “earlier this year” not to lend to Alameda Research, FTX’s quantitative trading firm. Orthogonal said through “due diligence” it “identified a number of key weaknesses” associated with Alameda. Orthogonal Credit Found ‘Key Weaknesses’ Tied to FTX’s Alameda Research […]
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