DeFi

Maple Finance’s revenue more than doubles as it approaches the launch of its new retail arm

Published

7 months ago

6 July, 2024

Maple Finance's revenue more than doubles as it approaches the launch of its new retail arm

The DeFi protocol hit an all-time high in TVL and revenue in June.

Maple Finance’s total value locked (TVL) growth accelerates following the launch of its retail-focused product, Syrup.fi.

Maple’s TVL increased 123% in the second quarter, reaching an all-time high of $230 million, according to Dune AnalyticsThe protocol’s quarterly revenue also jumped 39%. Maple’s strong performance in June was capped by the launch of Syrup.fi on June 25. The rest of the DeFi market grew by about 9% during the same period, according to DeFiLlama.

Maple Monthly Revenue – Dune Analytics

This strong growth is indicative of the demand for institutional-grade products leveraging high-yield and real-world assets (RWA) as well as the anticipation of Maple Finance expanding to retail. The current structure is also well-incentivized, with Maple users earning up to 23% on digital assets and Syrup users earning “Drips,” which are similar to points.

Co-founder Joe Flanagan told The Defiant: “Maple’s growth is attributed to our collateralized lending products that provide yield from lending to the largest institutions entirely backed by digital assets.”

He continued: “We offer the best risk-adjusted return in the industry and people are starting to recognize that.”

Maple Finance is a decentralized finance (DeFi) marketplace designed to connect accredited investors with institutional lenders and borrowers. Maple is only available to users who have completed Know Your Customer (KYC) verifications and meet the product’s regulatory standards.

Maple’s resurgence comes after its TVL was crushed during the FTX fallout, when $36 million worth of loans owed to Maple defaulted.

Syrup.fi, focused on retail

In addition to its institutional product, the team recently launched a retail-focused arm, dubbed Syrup.fiThe team is gradually rolling out Syrup.fi, which has accumulated over $13 million in TVL since its launch on June 25.

Syrup provides permissionless access to Maple yield, which is generated from collateralized loans to institutions. The product will also return composable LP tokens in the form of syrupUSDC, which can be used elsewhere in DeFi.

Syrup users will accumulate Drips throughout Maple’s multi-season Early Access phase. Drips will entitle users to an allocation of Maple’s upcoming Syrup token, which is expected to migrate alongside their MPL token in Q4 2024.

High-yield secure pool

Maple’s recent outperformance began before Syrup.fi launched, with launch from its High Yield Secured pool, with a target of 15% net APR.

The protocol’s secured lending branches are over-collateralized with liquid digital assets such as BTC, USDC, and ETH. Currently, Maple’s secured pools account for $147 million of its $230 million TVL.

Maple Cash is the platform’s RWA pool that is backed by short-term U.S. Treasuries. Maple Cash’s TVL has doubled since March, from $11 million to $20 million, but remains below its all-time high of $31 million in October 2023.

Syrup’s first season will end on July 31, with the MPL token migration scheduled for September 30.

Fuente

DeFi

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Published

6 months ago

29 July, 2024

CoinFlix Staff

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.

The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.

Bonk remains strong despite market fluctuations

While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.

Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.

Pepe should see a big rise in the next bull run

Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.

Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.

In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.

Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4

Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.

With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.

Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.

The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.

RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.

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Fuente

DeFi

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Published

6 months ago

29 July, 2024

CoinFlix Staff

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.

Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.

According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.

“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.

I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.

The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.

“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”

I expect them to launch actively managed crypto ETFs [in the] coming years. ”

Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.

“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.

Chasing mass adoption of normies may be chasing the wrong Grail from the start.

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