Maple allows users to issue un-or-undercollateralized loans to known entities based on reputation, rather than the traditional model in DeFi which relies on collateral that can be slashed in the event of underpayment. The BlockTower pool is Maple’s first permissioned pool and the protocol’s fourth overall. Current borrowers from other pools include Alameda Research, Framework Labs and Wintermute Trading, among others. The protocol currently has $282 million in total value locked (TVL), which is the U.S. dollar value of the cryptocurrency committed to the protocol.

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