The MPL price update as of now is $24.37. In the previous 24 hours, its trading volume was $2,454,820, and its value has increased by 17.71%. As of now, MPL's live market cap is $227,170,726, and it is ranked as the #247 on the Coincu. MPL has a circulating supply of 10,000,000 and a maximum supply of 10,000,000.

Introducing Maple (MPL) Maple (MPL) is a decentralized borrowing protocol that caters to organizations and individuals in the crypto industry who require capital, such as crypto investment funds, market makers, exchanges, and crypto mining companies. The Maple Protocol operates on a peer-to-peer architecture with loans funded by liquidity pools, enabling investors to access a diverse range of high-performing institutionalized loans. Maple Finance also acts as a decentralized corporate credit market, offering transparent financial resources to borrowers. The main objective of Maple is to provide under-collateralized loans to fully decentralized businesses. The project was conceived based on the capital needs of organizations and investment funds like Alameda Research, Coinbase, and Multicoin Capital, who require funds for investing in projects. Maple is designed as a protocol that allows funds to borrow without collateral from liquidity pools. Entities Participating in Maple Providers of Liquidity Liquidity Providers contribute liquidity to the pool and earn fixed profits based on the borrower's terms. They also receive MPL coin mining rewards. Delegators of the Pool Pool Delegators are trusted asset managers responsible for launching and managing loan pools on Maple. They oversee the operation of the Liquidity Pool. Borrowing Entities Borrowers are organizations in need of working capital. They include investment funds, exchanges, centralized lenders, and cryptocurrency miners. Stakers Stakers provide insurance for the Pool by locking tokens in public contracts. These tokens are liquidated in case of default. Stakers receive 1% interest from the group of borrowers. How Maple Works Liquidity Providers (LPs) deposit funds into the Liquidity Pool to fund loans and earn profits. In return, they receive LP tokens representing their market share in the pool. Pool Delegates manage each pool and negotiate terms with Borrowers using smart contract technology. Pool Delegates are required to stake MPL tokens in their Pool to mitigate default risks and align their interests with Liquidity Providers. Borrowers request funds from the platform by creating a Loan Vault, which holds collateral and receives funding. They enter the desired loan terms, and once agreed upon with the Pool Delegate, they can withdraw the requested funds for a fixed term, at a fixed rate, and with a fixed collateral level. Maple Token (MPL) holders can participate in the protocol in the following ways: - Savvy MPL holders can earn additional profits by staking their tokens in liquidity pools. Staking provides coverage for defaults in exchange for a portion of ongoing fees. - As Maple progresses towards full decentralization, MPL token holders will have the ability to submit proposals and vote on changes, such as adding Team Delegates, adjusting fees and staking parameters, and deciding on the distribution of additional establishment fees to Maple's treasury. Development Roadmap