news4global
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Emergency – 100X Crypto coin just abi – jaldi karo #bitcoin #cryptocurrency

    Emergency – 100X Crypto coin just abi – jaldi karo #bitcoin #cryptocurrency

    Cryptocurrency Market Update in Sinhala | Crypto Market New Update | BTC Update | Technical Analysis

    Cryptocurrency Market Update in Sinhala | Crypto Market New Update | BTC Update | Technical Analysis

    Attention Bitcoin Holders: BITCOIN JUST MOVED $3000 +5%

    Attention Bitcoin Holders: BITCOIN JUST MOVED $3000 +5%

    FORGET MEME COINS – THIS CRYPTOCURRENCY CAN 100X

    FORGET MEME COINS – THIS CRYPTOCURRENCY CAN 100X

    BEST LAYER 2 SOLUTION | Polygon (MATIC) vs Arbitrum (ARB) | L2 Solution in 2023 | Cryptocurrency

    BEST LAYER 2 SOLUTION | Polygon (MATIC) vs Arbitrum (ARB) | L2 Solution in 2023 | Cryptocurrency

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    Beldex cryptocurrency fact check  in tamil | monero coin | bitcoin |crypto update |crypto scam

    Beldex cryptocurrency fact check in tamil | monero coin | bitcoin |crypto update |crypto scam

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Emergency – 100X Crypto coin just abi – jaldi karo #bitcoin #cryptocurrency

    Emergency – 100X Crypto coin just abi – jaldi karo #bitcoin #cryptocurrency

    Cryptocurrency Market Update in Sinhala | Crypto Market New Update | BTC Update | Technical Analysis

    Cryptocurrency Market Update in Sinhala | Crypto Market New Update | BTC Update | Technical Analysis

    Attention Bitcoin Holders: BITCOIN JUST MOVED $3000 +5%

    Attention Bitcoin Holders: BITCOIN JUST MOVED $3000 +5%

    FORGET MEME COINS – THIS CRYPTOCURRENCY CAN 100X

    FORGET MEME COINS – THIS CRYPTOCURRENCY CAN 100X

    BEST LAYER 2 SOLUTION | Polygon (MATIC) vs Arbitrum (ARB) | L2 Solution in 2023 | Cryptocurrency

    BEST LAYER 2 SOLUTION | Polygon (MATIC) vs Arbitrum (ARB) | L2 Solution in 2023 | Cryptocurrency

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    Beldex cryptocurrency fact check  in tamil | monero coin | bitcoin |crypto update |crypto scam

    Beldex cryptocurrency fact check in tamil | monero coin | bitcoin |crypto update |crypto scam

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

No Result
View All Result
news4global
No Result
View All Result
Home Regulation

Crypto Lending Platform Maple Finance Latest To Warn of ‘Insufficient Cash’ Amid Market Turmoil

June 21, 2022
Reading Time: 5 mins read
0
Crypto Lending Platform Maple Finance Latest To Warn of ‘Insufficient Cash’ Amid Market Turmoil
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Maple Finance is the latest crypto lending platform to face liquidity pressures, the company said Tuesday. 

“There may be instances where there is insufficient cash in pools,” the company wrote in a note updated Tuesday. 

Maple Finance lenders must wait for borrower repayments, the company said. 

“As loans mature over the coming weeks, Borrower repayments will increase the available capital in the pools that can then be withdrawn by Lenders,” the note said. “Lenders will continue to earn interest and MPL [Maple token] rewards during this time.” 

Delegates, who manage liquidity pools on Maple, plan to service all withdrawals over the “coming weeks,” similar to how the lending platform handled withdrawals around the time of Terra USD’s collapse in May, a spokesperson from Maple Finance said. 

“By design of the protocol, cash can only be withdrawn when it’s available — we haven’t frozen withdrawals,” the spokesperson said. “Cash continues to flow in from deposits and repayments, so should balance in the near future. [We] felt it important to share the news with protocol participants ahead of time.” 

Maple Finance’s lending pools and activity are publicly available, the company said in the note. The company reports just over $1.5 billion in loans since it has started.

The news comes as investors continue to speculate about the future of Babel Finance after the crypto lender disclosed liquidity pressures and halted withdrawals following the unraveling of others in the space including Celsius and Three Arrows Capital. 

Orthogonal Trading, a cryptocurrency hedge fund, has acknowledged that there is a $10 million loan to Babel Finance from the Orthogonal USD Coin pool on Maple. 

“Orthogonal has been in daily contact with Babel management since Babel halted withdrawals and is focused on protecting the interests of lenders,” Maple Finance said in a Tweet Tuesday. 

Maple’s warning comes as cryptocurrency industry members fret over potential contagion risks, which will only increase as liquidity pressures continue and lenders try to avoid runs.

“There is no easy solution, but more robust liquidity is a good starting place for crypto institutions under stress,” said Timo Lehes, co-founder of blockchain infrastructure company Swarms. “The US Fed is holding its latest banking stress test later this week, which is a timely reminder that this liquidity is only really organizable with some sort of oversight.” 

The situation highlights the need for greater regulatory oversight over the industry, Lehes added.


Get the day’s top crypto news and insights delivered to your inbox every evening. Subscribe to Blockworks’ free newsletter now.


  • Casey Wagner

    Blockworks

    Senior Reporter

    Casey Wagner is a New York-based business journalist covering regulation, legislation, digital asset investment firms, market structure, central banks and governments, and CBDCs. Prior to joining Blockworks, she reported on markets at Bloomberg News. She graduated from the University of Virginia with a degree in Media Studies.

    Contact Casey via email at [email protected]

Related articles

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

US CFTC Chair Says Claim That the Agency Is a 'Light Touch … – Cryptonews

June 6, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Atomic Wallet hacker sends crypto to mixer used by Lazarus Group: Elliptic – Cointelegraph

June 6, 2023
Share76Tweet47

Related Posts

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

US CFTC Chair Says Claim That the Agency Is a 'Light Touch … – Cryptonews

by admin
June 6, 2023
0

US CFTC Chair Says Claim That the Agency Is a 'Light Touch ...  Cryptonews

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Atomic Wallet hacker sends crypto to mixer used by Lazarus Group: Elliptic – Cointelegraph

by admin
June 6, 2023
0

Atomic Wallet hacker sends crypto to mixer used by Lazarus Group: Elliptic  Cointelegraph

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

UK Considers 'Crypto Tsar' to Head Up Regulation – Blockworks

by admin
June 5, 2023
0

UK Considers 'Crypto Tsar' to Head Up Regulation  Blockworks

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Crypto Week Ahead: Bitcoin, Ethereum See Slumps Despite Market Expectations Market Woes May Continue – ABP Live

by admin
June 5, 2023
0

Crypto Week Ahead: Bitcoin, Ethereum See Slumps Despite Market Expectations Market Woes May Continue  ABP Live

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Crypto scams on the rise, government institutions call for regulatory … – crypto.news

by admin
June 4, 2023
0

Crypto scams on the rise, government institutions call for regulatory ...  crypto.news

Load More
  • Trending
  • Comments
  • Latest

Bitcoin Is ‘Definitely Not a Fraud,’ CEO of Mobile-Only Bank Revolut Says

March 2, 2022
How online shopping has changed over the last 30 years | National

How online shopping has changed over the last 30 years | National

April 6, 2022

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

March 3, 2022
Protocon Announces ‘Contract Model’, an Alternative

Protocon Announces ‘Contract Model’, an Alternative

April 6, 2022

US Commodities Regulator Beefs Up Bitcoin Futures Review

0

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

0

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

0

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

0
Internal Blast Probably Breached Ukraine Dam, Experts Say (Cautiously)

Your Wednesday Briefing

June 7, 2023
PGA Tour, LIV Golf & DP World Tour merger: Players ‘shocked and angry’

PGA Tour, LIV Golf & DP World Tour merger: Players ‘shocked and angry’

June 7, 2023
Canada wildfire smoke threatens health of millions

Canada wildfire smoke threatens health of millions

June 7, 2023
Tunisian black women: ‘My skin colour says I don’t belong’

Tunisian black women: ‘My skin colour says I don’t belong’

June 7, 2023

Latest News

Internal Blast Probably Breached Ukraine Dam, Experts Say (Cautiously)

Your Wednesday Briefing

June 7, 2023
PGA Tour, LIV Golf & DP World Tour merger: Players ‘shocked and angry’

PGA Tour, LIV Golf & DP World Tour merger: Players ‘shocked and angry’

June 7, 2023

Categories

Site Navigation

  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services
  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services

© 2022 Designed by news4global

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • Videos

© 2022 Designed by news4global