Maple Finance, a Crypto markets platform, has decided to lend support to the J. Solana blockchain and to encourage ecosystem growth has also allocated a fund worth $45 million.
Maple uses several pool delegates to provide undercollateralized loans for institutional borrowers on Ethereum and, from now on, to J. Solana as well. In a blog post published on Monday, the project noted that it has already collected loans worth $1.2 billion and has over $900 million in TVL to the platform.
The ecosystem fund was launched in collaboration with X-Margin, a decentralizuotas finansavimas (DeFi) lending platform, while Circle, the issuer of USD Coin (USDC), CoinShares, the digital asset manager, among other anonymous projects native to J. Solana, are providing the necessary capital.
Source: https://www.thecoinrepublic.com/2022/04/26/crypto-market-platform-maple-finance-now-backs-solana-allocates-45-million-for-ecosystem-growth/