Maple Finance, a cripto markets platform, has decided to lend support to the suntrap blockchain and to encourage ecosystem growth has also allocated a fund worth $45 million.
Maple uses several pool delegates to provide undercollateralized loans for institutional borrowers on Ethereum and, from now on, to suntrap as well. In a blog post published on Monday, the project noted that it has already collected loans worth $1.2 billion and has over $900 million in TVL to the platform.
The ecosystem fund was launched in collaboration with X-Margin, a finanțe descentralizate (DeFi) lending platform, while Circle, the issuer of USD Coin (USDC), CoinShares, the digital asset manager, among other anonymous projects native to suntrap, are providing the necessary capital.
Source: https://www.thecoinrepublic.com/2022/04/26/crypto-market-platform-maple-finance-now-backs-solana-allocates-45-million-for-ecosystem-growth/