Maple
Crypto Overview
Overview
Maple (MPL) is a decentralized corporate credit market that provides capital to institutional borrowers through a system of pool delegates who underwrite loans. The MPL token serves as the protocol's governance token and provides utility within the lending ecosystem.
Intended Utility
The primary purpose of MPL is to serve as a governance token for the Maple protocol, allowing holders to vote on protocol parameters, risk management frameworks, and platform development. Token holders can also stake MPL to earn protocol fees and participate in the platform's security mechanism.
Actual Utility
The token is actively used for its intended governance purposes, with regular proposals and voting taking place. MPL holders participate in important protocol decisions and earn revenue from successfully funded loans. The platform has facilitated over $2.5 billion in loans to various institutional borrowers.
Business Model Assessment
Maple's core business involves facilitating corporate lending through pool delegates who conduct due diligence and manage loan portfolios. While lending is involved, the protocol operates more as a marketplace connecting lenders and borrowers rather than a traditional interest-based lending platform. The pool delegates earn fees for their services, and the protocol generates revenue through origination and ongoing fees.
Token Distribution
The token distribution includes allocations to team members, investors, and the community treasury. There are vesting schedules in place for team and investor allocations, showing commitment to long-term development. The project maintains transparency regarding token allocations and vesting schedules.
Crypto Impact
To assign a comfort level investing in Maple from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Maple.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.