Market Cap: $3,172,985,855,419
24h Vol: $133,047,356,355
Cryptocurrencies: 28150
Markets: 117361
Cryptocurrencies: 28150
Markets: 117361
Market Cap: $3,172,985,855,419     
24h Vol: $133,047,356,355
CoinDesk 2022-12-12 03:53:26

Maple Finance's $54M of Sour Debt Shows Risks of Crypto Lending Without Collateral

Maple Finance's $54M of Sour Debt Shows Risks of Crypto Lending Without Collateral
Maple Finance, the largest unsecured crypto lending platform, is grappling with a debt crisis while gearing up for a major system upgrade. The project's MPL token has plunged, and depositors are likely to stomach big losses. Here's how it happened, and what comes next.
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