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AscendEX Lists Maple Finance Token, MPL

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AscendEX Lists Maple Finance Token, MPL

AscendEX is thrilled to announce the listing of the Maple Finance Token (MPL) under the trading pair MPL/USDT starting on Dec. 30 at 2 p.m. UTC.

Maple Finance is an institutional capital marketplace powered by blockchain technology. On a mission to redefine capital markets through digital assets, Maple expands the digital economy by providing undercollateralized lending for institutional borrowers and fixed-income opportunities for lenders. The Maple protocol offers the most capital-efficient option for institutional borrowing and fixed income lending in the decentralized finance (DeFi) space.

The Maple Finance protocol, designed for a variety of user types, including lenders, borrowers, and stakers, provides borrowers, specifically, with transparent and efficient financing completed entirely on-chain. For lenders, Maple offers a sustainable yield source through lending to diversified pools of crypto’s premium institutions. By providing capital to these pools, lenders earn interest from institutional borrowers and any associated MPL lending rewards.

In order to more efficiently manage the lending pools, Maple’s Pool Delegates, a community of credible experts, decentralize the underwriting process by performing due diligence and setting terms with creditworthy borrowers. Current borrowers on the Maple Finance platform include high-frequency traders, prop traders, market makers, exchanges, and centralized lenders, all with a strong need for delta-neutral strategies and capital to fund operations and grow their businesses.

For stakers looking to leverage the Maple Finance platform, they are able to provide Pool Cover to the protocol by staking MPL in order to provide first-loss capital. These specific tokens are the first to be liquidated in the case a borrower defaults. Stakers also receive a percentage of the interest earned by the pool from borrowers and MPL staking rewards.

The MPL token governs the Maple Finance protocol, which fully enables token holders to participate in protocol governance, token staking, fee revenue sharing, and insurance provision to Maple’s lending pools.

Maple Finance is one of the fastest growing under-collateralized lending protocols in the DeFi industry. The team behind Maple Finance is highly experienced in the burgeoning DeFi space, as well as the fast-paced ecosystem of cryptocurrency, with backgrounds from projects such as Maker, Gemini, and BlockFi.

AscendEX is excited to list the Maple Finance token, MPL, and further support the growth of the DeFi lending and borrowing ecosystem.

About AscendEX

AscendEX is a global cryptocurrency exchange with a comprehensive product suite including spotmargin, and futures trading, wallet services, and staking support for over 200 blockchain projects such as bitcoin, ether, and ripple. Launched in 2018, AscendEX services over 1 million retail and institutional clients globally with a highly liquid trading platform and secure custody solutions.

AscendEX has emerged as a leading platform by ROI on its “initial exchange offerings” by supporting some of the industry’s most innovative projects from the DeFi ecosystem such as Thorchain, xDai Stake, and Serum. AscendEX users receive exclusive access to token airdrops and the ability to purchase tokens at the earliest possible stage.

For more information and updates, please visit: TwitterTelegramMedium.

About Maple Finance

Maple Finance is an institutional capital marketplace powered by blockchain technology. On a mission to redefine capital markets through digital assets, Maple expands the digital economy by providing undercollateralized lending for institutional borrowers and fixed-income opportunities for lenders.

For more information and updates, please visit: Twitter.

Disclaimer: This post is a paid press release.

Source: https://blocknewsafrica.com/ascendex-lists-maple-finance-token-mpl/?utm_source=rss&utm_medium=rss&utm_campaign=ascendex-lists-maple-finance-token-mpl

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