Maple Finance, a Web3 lending platform, has announced the launch of its direct lending program. This program aims to replace the services previously provided by now-bankrupt lenders like Celsius and BlockFi. The platform’s team will now offer loans directly to borrowers, using its own credit underwriting expertise and capital from institutional allocators. The first lending pool is expected to be available in July. Maple Direct, the new lending arm of Maple Finance, aims to meet the growing institutional demand for a trusted direct lending desk in the Web3 space. The platform will continue to expand its existing services and cater to the needs of various investors and organizations. Despite facing challenges due to bankruptcies in the industry, Maple Finance has quickly recovered and launched version 2.0 of its software in December.
Summary:
– Maple Finance launches direct lending program to replace services provided by bankrupt lenders
– The platform’s team will offer loans directly to borrowers using their own credit underwriting expertise
– Capital will be sourced from institutional allocators
– The first lending pool is expected to be available in July
– Maple Direct aims to meet the growing institutional demand for a trusted direct lending desk in Web3
– The platform will continue to expand its existing services and cater to various investors and organizations
– Maple Finance has quickly recovered from industry challenges and launched version 2.0 of its software in December.