Maple Finance Teams Up with Lido to Offer Stablecoin Credit Lines
Maple Finance has partnered with Lido Finance to provide stablecoin credit lines backed by Lido’s liquid staking token, stETH. Key points include:
- Institutions can borrow stablecoins without unwinding staked ETH positions.
- stETH serves as collateral for loans underwritten by Maple’s credit team.
- Lido’s stETH allows participation in DeFi while earning staking rewards.
- The offering addresses institutional needs such as treasury runway extension and short-term working capital.
Maple manages over $1.8 billion in assets and is expanding its services, recently collaborating with Cantor Fitzgerald for bitcoin-backed loans. CEO Sid Powell noted the partnership formalizes institutional demand for stETH in liquidity access.