Maple Finance - The Bridge to Institutional DeFi
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Those who have been following the cryptocurrency in 2022 know it has been hit with some very adverse moments. The industry has seen Celsius, Voyager, BlockFi, and FTX all collapse. These events have led to uncertainty not only for the entire crypto industry but more specifically for centralized entities. The uncertainty of centralized financial entities (CeFi) being able to survive in a nascent crypto space has prompted much discussion around the longevity of decentralized finance (DeFi). This tweet below from @moonoverlord evangelizes DeFi as a primary method of finance.
With its peer-to-peer and transparent properties, DeFi reduces the risks of points of failure derived by human error and fault.
Recently, institutional interest in DeFi has increased. Although JP Morgan CEO, Jamie Dimon says crypto is a “decentralized Ponzi scheme”, the firm he heads has recently executed its first-ever cross-border transaction using decentralized finance (DeFi) on a public blockchain. Nevertheless, this is a sign that institutions are recognizing the value of DeFi and may look to adopt the technology long-term.
Recognizing that institutions may gravitate toward DeFi, Maple Finance was founded to provide lending services.
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