Maple Finance announces direct lending to fill the void left by BlockFi, Celsius
The lending platform’s team will begin offering loans directly to some borrowers instead of relying solely on pool delegates to provide capital. Web3 lending platform Maple Finance has announced the launch of a direct lending program, according to a June 28 fact sheet from the platform’s development team. The program is intended to replace services previously provided by Celsius, BlockFi and other now-bankrupt lenders. The first lending pool will be available sometime in July, the company stated. Introducing Maple Direct, the new lending arm of Maple Finance. With the formation of Maple Direct, Web3 now has a specialist digital native lender and launches to meet the growing institutional demand for a trusted direct lending desk in Web3.https://t.co/Q4jfnABk3R — Maple (@maplefinance) June 28, 2023 Maple Finance is a blockchain institutional capital marketplace. It is used by Web3 businesses to obtain loans, allowing them to finance product launches or expansions. In the past, Mapl...