Maple Cryptocurrency- A Promising Small-Cap Project
Works Cited
Image credit:
https://medium.com/coinmonks/top-5-small-cap-crypto-to-invest-in-april-2022-19d667354f8e
https://coinmarketcap.com/currencies/maple/
The recent cryptocurrency rout has uncovered alot of value opportunities in the space. One such value play is Maple (MPL), the cryptocurrency ranked #252 on Coinmarketcap. This cryptocurrency is down from an all time high of $67, which occured just before the crash in April of 2022. The coin has a marketcap of $130,000,000 and a total supply of 10,000,000 coins.
Maple (MPL) is currently priced at $22, and has a lot of potential in the defi space. The cryptocurrency is an Ethereum ERC-20 and Solana-based token that focuses on token lending, scalable finance and investing pools in the defi space. The project has provided $964,054,851 in liquidity, and works to provide “undercollateralized loans for institutional borrowers”. Maple has a solid team, and what sets the coin apart is it's pursuit of institutional investors with a focus on safety and scalability.
Maple protocol is a defi platform that provides liquidity for loans to institutional capital and enables those who lend to the protocol to earn income. Like other defi platforms, the Maple token is a governance token that enables users to vote on initiatives and projects in the ecosystem. The lending pools lenders are compensated by are managed by experienced “Pool Delegates” who deposit into the MPL:USDC pool to stabilize the system.
Maple (MPL) is an intriguing project that deserves your attention. I have read through the protocol overview on the maple finance website and gitbook page. The recent pullback has enabled investors to accumulate this token at a great price. The website and descriptions of how the system works are good, and this is a broadly listed coin with alot of liquidity on Coinbase.
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