chaindebrief
08 Dec 2022

Is Maple Finance In A Sticky Situation? Why We Need To Rethink Unbacked Lending

Joel Zhao

Key Takeaways: Orthogonal Trading has defaulted on eight loans totalling $36 million on lending protocol Maple Finance. The defaults represent about 30% of active loans across the entire protocol. __________________________________________ You might have heard it by now; the non-custodial lending protocol Maple Finance found itself in a sticky situation after cutting ties with Orthogonal trading […]