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Cryptocurrency News

Maven 11 launches $40M lending pool on Maple as borrowers turn to DeFi

08/13/2022

Less than a minute

2022.08.13 19:39

Maven 11 launches $40M lending pool on Maple as borrowers turn to DeFi

Netherlands-based crypto investment firm Maven 11 has launched its third lending pool on Maple Finance, giving borrowers access to liquidity amid the bear market.

The $40 million pool financed by institutional lenders will be utilized by trading firms that include Wintermute, Auros and Flow Traders, among others, Maven 11 announced this week. The new pool is designed “specifically for institutions looking for yield opportunities,” the company said.