Cryptocurrency -The loan company Maple Finance has collaborated with Crypto Poothing Specialist Lido Finance to offer stablecoin credit lines supported by security in the form of Lidos Liquid Stake Token (Steth), companies said on Thursday.
The collaboration gives institutions the opportunity to borrow stableecoins without having to relax their stacked ETH positions. Borrowers can use Steth as security for credit lines signed by Maple’s internal credit team, according to a press release. Lidos Steth is a floating version of stack eth that can be put into work in decentralized financing (DEFI) while still earning rewards from inserting.
Restake – The idea of using a blockchain to secure other apps – has quickly become a new crayo investment trend. Lido, an ethereum stacking Stalwart, has been busy forge partnerships to bring Return Lidos Steth to the middle of the stage.
Maple, with over $ 1.8 billion assets on its platform, has been in a tear late, and worked with Wall Street company Cantor Fitzgerald to perform Bitcoin-backed loans.
“This partnership is formalizing a growing demand from institutions that are already using Steth in their capital strategies,” said Sid Powell, CEO and co -founder of Maple. “By activating loans supported by Steth, we make it easier for institutions to access liquidity while keeping their core assets stack and productive.”
The offer serves a number of institutional use cases, including Treasury Runway Extension, Conservative Leverage Trading and short -term operating capital, according to a press release.
