Maple

Halal Rating :
Uncomfortable
Last Price $13.1 Last updated:
Rank 627
1D Change 1.06 %
Market Cap $57.87m
Circulating supply 4,417,986
Maximum supply 10,000,000

Crypto Overview

Categories
  • DeFi
  • Spartan Group
  • Real World Assets
  • Circle Ventures Portfolio

Purpose and Utility

Maple is a decentralized corporate credit market that aims to provide undercollateralized lending to institutional borrowers. The MPL token is used for protocol governance and to align incentives between lenders, borrowers, and other participants in the ecosystem.

Business Model Analysis

The platform focuses on providing institutional lending services, where Pool Delegates (expert underwriters) assess borrowers' creditworthiness and manage lending pools. MPL token holders can stake their tokens to earn rewards from protocol fees.

Real-World Adoption

Maple has facilitated significant lending volume since its launch, with multiple active lending pools serving various institutional borrowers. The protocol has established partnerships with notable firms in the cryptocurrency industry.

Platform Development

The project maintains active development with regular updates to its protocol and documentation. The team consistently implements improvements to the lending infrastructure and risk management systems.

Token Distribution

The token distribution includes allocations to team members, investors, and the community, with vesting schedules in place for early stakeholders.

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.