Maple describes itself as, ‘…an institutional capital marketplace powered by blockchain technology’. The flagship product of the Maple ecosystem are its undercollateralized-loans for institutional borrowers.
Throughout 2021, companies like Maple – which offer undercollateralized loans – became wildly popular as Decentralized Finance (DeFi) began to go mainstream, as the structuring of its platform means that both borrowers and lenders alike can benefit. Maple indicates that, while borrowers gain access to transparent and efficient financing, lenders benefit from a sustainable yield source.
Throughout the Maple ecosystem, tokens known as ‘MPL’ are utilized. Built atop the Ethereum network as ERC-20 tokens, MPL can be used in a variety of manner.
- Lending pool staking
- Governance decisions
- Fee revenues
MPL tokens which are staked in liquidity pools are watched over by Pool Delegates. A single delegate manages each pool, where it is responsible for a variety of tasks (negotiating loan terms, liquidations, due diligence, etc.)
Maple saw its mainnet launch in May of 2021, providing a foundation for its goal of building a ‘decentralized corporate credit market’.
We list the top 3 exchanges that offer the ability to buy Maple (MPL) cryptocurrency with a credit card, debit card, or Bitcoin (BTC).
Coinbase is a publicly traded crypto exchange listed on the NASDAQ. It is one of the most widely used exchanges in the United States and accepts clients from 100+ countries including Australia, Canada, Singapore, and the UK.
Over 460 billion dollars in volume has been traded by over 70 million users at Coinbase. Security is a paramount feature with 98% of customer funds being stored in secure offline storage. The platform is simple to use and is available on desktop, Android, and iOS, offering trading opportunities in over 140 cryptocurrencies including Maple (MPL).
This exchange currently accepts USA residents excluding Hawaii.
Read our Coinbase Review or visit Coinbase.
Established in 2013, Huobi Global has since become one of the world’s largest digital asset exchanges, with an accumulated trading volume of US $1 trillion. Having once accounted for half of the world’s digital asset transactions, Huobi now serves more than 5 million users in over 130 countries around the globe. It should be noted that Huobi Global currently does not accept USA or Canadian residents.
Huobi Global is one of the top exchanges that currently offers Maple (MPL) trading opportunities.
Read our Huobi Global Review or visit Huobi Global.
Uniswap is a decentralized exchange (DEX) for swapping tokens, which uses an automated market maker (AMM) model that allows users to trade against a liquidity pool. While this is obviously a good option to purchase Maple (MPL), we only recommend this platform for advanced users. Due to the fact that this is exchange is decentralized, you are liable for any losses due to errors made.
Learning to use decentralized exchanges is not for the faint of heart. We recommend coinbase.com instead.
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