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Maple Finance and EtherFi Launch Institutional Loans Backed by weETH
2 Articles
2 Articles
Maple Finance and EtherFi Launch Institutional Loans Backed by weETH
Decentralized finance platform Maple Finance has integrated EtherFi’s weETH as collateral for its on-chain institutional lending platform. The integration enables qualified borrowers to access USDC loans backed by weETH, EtherFi’s restaked Ethereum token, while continuing to earn ETHFI incentives. The integration comes with a 2% APY rebate in ETHFI on the first $50 million in loans. This story is an excerpt from the Unchained Daily newsletter. …
Key points of the news Maple Finance has integrated EtherFi's weETH as a guarantee for institutional loans, which represents an important advance in decentralised finance. The initiative allows borrowers to access loans in USDC without giving up the returns by stacking. Loans must be at least $5 million and have a two-month time frame, offering institutional actors a new tool within the evolving financial infrastructure of Ethereum. Maple Financ…
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