Maple Finance Adds Support for stETH, Expanding Institutional Stablecoin Lending Business
Foresight News reports that on-chain asset management firm Maple Finance has added support for stETH. stETH is a liquid staking token for Ethereum issued through the Lido protocol. With this integration, Maple will allow institutions to use their stETH holdings as collateral to borrow stablecoins, thereby providing liquidity without requiring institutions to exit their liquid staking positions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ApeX Protocol to Launch APE Season 1 Event Tomorrow
El Salvador's Bitcoin holdings have accumulated a floating profit of $475 million
Data: Trend Research under Yilihua deposited 145,000 ETH into CEX in the past three days, worth $654 million
$SBT market cap surged to $4 million after listing, then stabilized and declined
Trending news
MoreCrypto prices
More
