PANews reported on October 22nd that according to The Block, DeFi lending protocol Aave has partnered with on-chain asset manager Maple to introduce its yield-generating, institutional-grade assets as new collateral. Aave will initially deploy Maple's syrupUSDT on its Plasma instances, with subsequent expansion to core markets. Aave currently has approximately 1,000 daily borrowers and approximately $25 billion in outstanding loans on Ethereum, representing 82% of the network's outstanding debt. Maple previously partnered with Lido to launch a stablecoin line of credit backed by staked ETH.PANews reported on October 22nd that according to The Block, DeFi lending protocol Aave has partnered with on-chain asset manager Maple to introduce its yield-generating, institutional-grade assets as new collateral. Aave will initially deploy Maple's syrupUSDT on its Plasma instances, with subsequent expansion to core markets. Aave currently has approximately 1,000 daily borrowers and approximately $25 billion in outstanding loans on Ethereum, representing 82% of the network's outstanding debt. Maple previously partnered with Lido to launch a stablecoin line of credit backed by staked ETH.
Aave Integrates Maple Institutional Assets and Launches SyrupUSDT Collateral
PANews reported on October 22nd that according to The Block, DeFi lending protocol Aave has partnered with on-chain asset manager Maple to introduce its yield-generating, institutional-grade assets as new collateral. Aave will initially deploy Maple's syrupUSDT on its Plasma instances, with subsequent expansion to core markets.
Aave currently has approximately 1,000 daily borrowers and approximately $25 billion in outstanding loans on Ethereum, representing 82% of the network's outstanding debt. Maple previously partnered with Lido to launch a stablecoin line of credit backed by staked ETH.
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