Maple Finance 2.0 overhaul aimed at speeding up the defaulting process
POOL
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Maple Finance is a decentralized credit market powered by blockchain technology. Instead of requiring overcollaterlization of loans, it instead allows managers, called “Pool (NASDAQ:POOL) Delegates” to issue loans from its lending pools based on a set of risk-management criteria, according to the protocol’s documents.
However, in the wake of FTX’s collap, the platform experienced two major defaults from borrowers on the platform.
