Maple Finance Launches U.S. Treasury Bill Pool for Crypto Investors

Maple Finance Launches U.S. Treasury Bill Pool for Crypto Investors

Blockchain-based lending protocol Maple Finance has introduced a cash management pool that invests in one-month U.S. Treasury bills (T-bills), offering a way for accredited investors, crypto firms, and decentralized autonomous organizations (DAO) to earn yield on their idle stablecoins.

The pool provides investors with a 3.2% annual yield, calculated as the one-month T-bill yield less a 0.5% management fee on stablecoin deposits. The pool is structured as a special purpose vehicle (SPV) that collects investor's stablecoins and lends them to crypto hedge fund Room40 Capital, which then invests in T-bills. Maple and Room40 does not require any lockup period for deposits before withdrawal.

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

DeFi

Lending

In This Article

Related News
RWA Sector Grows Fast with Market Cap Increases 60% in 2023, TokenInsight Report Shows RWA Sector Grows Fast with Market Cap Increases 60% in 2023, TokenInsight Report Shows
LeverFi Receives $2 Million Investment from DWF Labs LeverFi Receives $2 Million Investment from DWF Labs
$BONE Price Breaks $0.90, Up 15.36% Over the Last 24 Hours $BONE Price Breaks $0.90, Up 15.36% Over the Last 24 Hours
On-chain Derivatives Platform Avantis Raises $4M Led by Pantera Capital On-chain Derivatives Platform Avantis Raises $4M Led by Pantera Capital
Trader Joe Applies for 1.83 Million $ARB Grant from Arbitrum DAO Trader Joe Applies for 1.83 Million $ARB Grant from Arbitrum DAO
Latest News More More
8 Hours Ago Circle Launches Circle Research and Perimeter Protocol
1 Day Ago Three Arrows Capital Co-Founder Zhu Su Apprehended in Singapore, Sentenced to 4-Month Imprisonment
1 Day Ago Circle Claims Stablecoins Aren't Securities in Amicus Curiae Brief of SEC-Binance Case
2 Days Ago Oracle Project Supra Closes Over $24 Million in Funding with Coinbase Ventures Involved
2 Days Ago 1xBit Adds Two Exclusive Deposit Methods – Arbitrum and Algorand
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open