TOKEN SPOTLIGHT - Maple ($MPL)
Token spotlight for Maple Finance, ticker $MPL, after winning this week's Twitter poll!
A big congratulations to Maple for winning this week's Twitter poll!
Key stats
For live Maple data, check the Maple token page, don't forget to add to your favourites 🌟 and click the flame 🔥 icon to show your support!
Contract address: 0x33349b282065b0284d756f0577fb39c158f935e6
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About Maple
Maple Finance is built off the ethereum blockchain. The goal of Maple Finance is to build a capital market infrastructure for crypto, in order to allow institutions to access yield from large and growing cryptocurrency firms around the world. Think of it as a lending service but for cryptocurrency, to allow for undercollateralized loans for institutional borrowers.
Maple allows the loans to be transparent, the Smart Contracts allow all loan movements and details to be visible on the blockchain, so no one is being screwed over or having information hidden from them.
Maple also allows you to earn governance, share in the revenue from fees and stake to various lending pools.
MPL have extensive documentation online, including lending protocols, an API and smart contract information.
Where to buy?
The best place to purchase MPL would be on CoinBase
Conclusion
Maple Finance (MPL) provides a unique project in the crypto space. Offering transparent and flexible loans from crypto firms is a creative way to decentralize the borrow/lending process of the current fiat lending services offered by banks.
Disclaimer
This article is not financial advice.
Something wrong?
If you spot any misinformation in this article, please don't hesitate to contact me via Twitter. I don't want to spread false data to anyone.