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| Maple 
| #MPL
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| MPL Price: | $4.80 | | Volume: | $597.1 K | | All Time High: | $67.03 | | Market Cap: | $37.4 M |
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| Circulating Supply: | 7,798,439 |
| Exchanges: | 8
| | Total Supply: | 10,000,000 |
| Markets: | 10
| | Max Supply: | 10,000,000 |
| Pairs: | 4
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The price of #MPL today is $4.80 USD.
The lowest MPL price for this period was $0, the highest was $4.80, and the exact current price of one MPL crypto coin is $4.80130.
The all-time high MPL coin price was $67.03.
Use our custom price calculator to see the hypothetical price of MPL with market cap of ETH or other crypto coins. |
The code for Maple crypto currency is #MPL.
Maple is 1.9 years old. |
The current market capitalization for Maple is $37,442,635.
Maple is ranking downwards to #379, by market cap (and other factors). |
There is a medium daily trading volume on #MPL.
Today's 24-hour trading volume across all exchanges for Maple is $597,067. |
The circulating supply of MPL is 7,798,439 coins, which is 78% of the maximum coin supply.
A highlight of Maple is it's limited supply of coins, as this tends to support higher prices due to supply and demand in the market. |
MPL has limited pairings with other cryptocurrencies, but has at least 4 pairings and is listed on at least 8 crypto exchanges.
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| Note that there are multiple coins that share the code #MPL, and you can view them on our MPL disambiguation page. |
 | Maple Finance Debt Indicates Crypto Lending Risks With No Collateral
The emergence of Maple Finance brought a different approach to the entire process. This bold DeFi lending protocol requires no deposit of extra crypto tokens as collateral for borrowing.
In the decentralized finance (DeFi) space, cryptocurrency lending came as a means that allows investors access to their preferred tokens. However, they must deposit other crypto coins as collateral before borrowing the given assets. This will help curtail risks and losses for the DeFi lending platform.
Instead, it all lies in the hand of the lending pools to decide on granting the crypto loans or not. They would have to evaluate the borrower's ability to repay based on his creditworthiness.
Maple Finance Suffers Bad Debts Due To Risks of Uncollateralized Loans
However, the prevailing crisis in the crypto market has given a massive blow to Maple in terms of stress tests since its launch in 2021. The protocol has witnessed a cumulative $36 million of defaulted loans and $18 million distressed in the past fortnight.
Maple's bad debts represent about 66% of the total outstanding in its four active lending pools. Also, most of the vast borrowers have revealed losses due to their investments in the collapsed FTX exchange.
The outplaying events are creating negative waves for Maple. Already, its native token, MPL, has plummeted to an all-time low as it lost 50% of its value. Most participants and analysts are trying to highlight the wrong footing with the DeFi lending platform.
They intend to x-ra...
|  | Orthogonal Trading is 'Effectively Insolvent,' According to Maple Financ...
Blockchain-based capital marketplace Maple Finance has cut ties with digital asset hedge fund Orthogonal Trading on allegations that the latter misrepresented its financial statements.
Maple said assets within the Orthogonal credit pool remain secure and is expected to close without issue in Q1 2023.
The Truth About Orthogonal
In a blog post on Monday, M11 Credit claimed that Orthogonal misrepresented its financial position to the lending firm over the past four weeks. Rather than notify Maple of its true financial position, Orthogonal attempted to recover its losses through more trading, only to lose significant capital.
Only on December 3rd did the company reveal that it would be unable to satisfy its loan payments. This included liabilities of $31 million for four loans in Maple’s USDC stablecoin pool – $10 million of which was due on December 4.
According to a statement from Maple, this means that Orthogonal has been operating while “effectively insolvent,” and will be unable to continue doing so without outside assistance. As such, Orthogonal Credit will no longer serve as one of Maple’s pool delegates.
“Misrepresentation like this is in violation of Maple’s agreements and all appropriate legal avenues to recover funds will be pursued including arbitration or litigation as necessary,” said Maple.
Orthogonal Trading had two independently operated business arms associated with Maple Finance, including ...
|  | Maple Finance Lending Pool Delegate 'Identified a Number of Key Weakness...
According to a report from Orthogonal Credit, a delegate of Maple Finance’s lending pools, the firm decided “earlier this year” not to lend to Alameda Research, FTX’s quantitative trading firm. Orthogonal said through “due diligence” it “identified a number of key weaknesses” associated with Alameda.Orthogonal Credit Found 'Key Weaknesses' Tied to FTX's Alameda Research Earlier This Year
A Twitter thread published by Orthogonal Credit explains that the firm identified a few weaknesses tied to Alameda Research. The Twitter revelation is explained in a tweet that details Orthogonal Credit, a delegate of Maple Finance’s lending pools, has “no Alameda exposure and have not underwritten a loan to Alameda since Feb ’22.”
Orthogonal then detailed that the firm “actively pushed to close the Alameda dedicated borrower pool on [Maple Finance] during 2Q22.” The firm said that the Orthogonal team discovered issues related to FTX’s quantitative trading firm.
“During our Alameda due diligence earlier this year, the team identified a number of key weaknesses: a) declining asset quality, b) unclear capital policy, c) less than robust operational and business practices, and d) an increasingly byzantine corporate structure,” Orthogonal told the public. The Maple Finance lending pool delegate further added:
We considered these key weaknesses and made a commercial decision to sever our instituti...
|  | Maple Finance and Icebreaker Launch Lending Pool for Bitcoin Miners
Major DeFi lender Maple Finance has launched a capacity pool worth $300 million for Bitcoin mining companies.
The development comes despite the sharp decline in BTC’s price and the reduced injection of capital into the mining sector.
Maple Opens Up Fully-Collateralized $300 Million Lending Pool
According to an announcement on Tuesday (September 20, 2022), the new fund targets “public and private blue-chip bitcoin mining and digital asset infrastructure companies” based in North America and Australia.
Today, @IcebreakerDeFi joins Maple and opens a $300M capacity pool to provide secured debt financing to blue-chip Bitcoin mining and digital asset infrastructure companies. pic.twitter.com/ZWyLV2P9hr
— Maple (@maplefinance) September 20, 2022
The pool offers underlying loans with a tenor of 12-18 months, along with an interest rate between 15-20%. Australian financial services firm Icebreaker Finance will manage and administer the loans via Maple’s platform. Funding will be administered to borrowers based on the balance sheet strength, operational efficiency, and financial performance.
Furthermore, loans will be secured by either real-world assets like mining rigs and power transformers or digital assets.
Commenting on the latest development, Icebreaker Finance founder and CEO Glyn Jones said:
'The market is now maturing to appreciate that non-recourse SPV ASIC backed financing can be inappropriate given the volatility in value of ASICs. Instead, ...
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