About Maple (MPL)
Maple Finance is an institutional borrowing and lending protocol. Every pool created on Maple has its own set of parameters that define various aspects of the pool, including the asset being lent to the pool, the fee structure, the capacity of the pool, who can access the pool, and lockup period, among others. Each pool on Maple Finance has a dedicated “Pool Delegate,” who performs diligence on the pool, negotiates terms with borrowers, and is tasked with liquidating the pool should there be a default.
MPL is an ERC-20 token built on the Ethereum network. Primary use cases include governance, staking, and pool cover. Lenders who interact with Maple Finance pools receive MPL-LP tokens, which can be staked to earn rewards in MPL.
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