Maple Price

The Maple token price today is USD 9.66. The MPL price has fallen down by 1.50% in the last 24 hours. The market cap at the current price is USD 60.3 million. The Maple (MPL) token has a circulating supply of 6,232,630 with a total supply of 10,000,000. The 24-hour trading volume of Maple tokens is USD 2.3 million. It has a fully diluted valuation of USD 98,641,830. The Maple price reached an all-time high of USD 67.2 on 10th April 2022 and the price is down 85.6% since then.

The addresses and the transactions of Maple can be explored at

https://etherscan.io/token/0x33349b282065b0284d756f0577fb39c158f935e6

and

https://ethplorer.io/address/0x33349b282065b0284d756f0577fb39c158f935e6

The official Maple website is https://www.maple.finance/

What Is Maple?

Maple is designed to serve as a decentralized corporate credit market. It does so by offering the borrowers completely on-chain, transparent, and efficient financing. Thus the borrowers can get access to clean, transparent funds quickly without the hassles of conventional financial systems. For the liquidity providers in the Maple Finance system, there is a high yield return from the platform's lending to a wide range of premium institutions in crypto.

Maple Founders

Maple was founded in the year 2018 by Sid Powell and Joe Flanagan. Sid Powell has a background in debt capital markets and the institutional banking systems and serves as the CEO of the company.

How Does Maple Work?

The Maple finance system is designed for large institutional borrowing and not for small-term loans. The loans are given against the reputation of the borrowers and are under collateralized. On Maple, the borrowers do not have to worry about issues such as liquidations or margin calls.

The liquidity providers or the users can earn a fixed passive income with yield opportunities in the Liquidity Pools. The pools are managed expertly by Pool Delegates that are nothing but experienced investors. The role of the pool delegates is to perform due diligence and decide the terms and conditions for the loans before funding them. The liquidity providers do not have to worry about their capital or their yields as the Pool Delegates take care of that.

The platform's native token is Mapel(MPL) and it allows the token holders to be a part of governance, stake insurance to the liquidity pool, and earn a share in the revenue.

Maple(MPL) Markets

Even for a low market cap token and with a limited circulating supply, the token is available for trade across a lot of major cryptocurrency exchanges such as Coinbase, Gemini, Huobi Global, UniSwap, etc.