What Is Maple (MPL)?
MPL is the native token of Maple, which is an institutional crypto-capital network. In essence, it allows users to lend or borrow capital. Make sure to take a look at the Maple price chart above to see the live MPL price.
The Maple network runs on Ethereum and Solana. With the help of Maple, credit experts can manage and develop their crypto lending businesses with ease, as well as connect funds from institutional and private lenders to blue-chip companies.
Users can lend their capital by depositing it into Liquidity Pools, this way becoming Liquidity Providers (LPs). Their pooled capital can then be used by real-world businesses. By lending their capital, LPs are able to generate passive income. The returns they receive depend on the sum of MPL rewards and interest rates.
Once LPs lend their capital, businesses can borrow it in a transparent manner. Besides, without worrying about liquidations or margin calls, users can borrow capital in an undercollateralized way by utilizing their reputations as leverage. Just note that Maple is available solely for institutional and corporate borrowers.
Each Liquidity Pool is overseen by a Pool Delegate. Pool Delegates are in charge of performing diligence, liquidating collateral, and negotiating loan conditions with borrowers. To assess the loan's terms, Pool Delegates consider a borrower's standing, experience, and past performance. To guarantee the quality of liquidity pool administration, Pool Delegates must go through a rigorous vetting process.
The Purpose of MPL Tokens
As mentioned before, the native coin of the Maple crypto project is MPL. Its primary goal is governance. Owners of Maple coins have the opportunity to influence decisions considering the further development of the Maple project.
Besides that, MPL tokens can be compounded by committing them to a smart contract. For doing that, MPL holders receive xMPL tokens. These tokens are beneficial for holders because Maple buys back MPL using establishment fees and transfers it to the owners of xMPL on a monthly basis.
The xMPL tokens can also be added as Pool Covers to any Lending Pool. This way they act as a reserve for Lending Pools in the case of defaults. Defaults occur when necessary interest or principal payments are not made in time.
The max supply of MPL tokens is 10 million. If you plan to buy Maple coins, note that the MPL price is liable to change. The main reason for that is the volatility of the overall crypto market, which has an effect on the Maple price, just like it has an effect on other crypto assets.
These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.
Followers
56.52K
Followers: 56,526
1.83%
Following
784
0.51%
Posts count
6,325
0.22%
These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
Subscribers
54
0.00%
Subreddit type
restricted
Moderators
0
These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.
Members
4.76K
Members: 4,767
2.16%
Title
Maple Finance
These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.
Website Rating (DR)
64 / 100
0.00%
Ahrefs Rank
191,368
2.04%
Organic Traffic (mo.)
2,756
0.08%
These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.
Public repos
78
Type
Organization
These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.
Stars
-
Watchers
-
Forks
-
Language
-
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