The Lending Pool managed by Maven 11 on the capital market platform Maple Finance has reached a size of $175 million. Since its inception in July 2021, 35 loans have been granted from the Lending Pool to companies in the crypto sector, including Alameda Research, a quantitative trading house, crypto market maker GSR, and digital asset platform Amber Group.
Maple Finance is a decentralized marketplace for corporate bonds, aimed at investors with a long-term vision seeking a competitive return on their investments. The capital on the Maple Finance platform is housed in Lending Pools, which are managed by Pool Delegates. As a Pool Delegate, Maven 11 acts as the link between investors and companies, responsible for assessing the creditworthiness of the applicant and determining the terms of the loan, such as collateral and interest rates.
The rapid growth of the Lending Pool managed by Maven 11 is a clear signal of the potential of decentralized finance (DeFi) as a promising and fully-fledged alternative to traditional funding sources. The total volume on the Maple Finance platform now exceeds $500 million and continues to grow daily. The total size of the DeFi market is estimated to be well over $250 billion, compared to about $20 billion at the beginning of 2021.
Maven 11 Blockchain Venture Fund II
Maple Finance is also one of the investments of Maven 11 Blockchain Venture Fund II, which raised $120 million at the end of November. With its involvement in Maple Finance, as an investor and as a Pool Delegate, Maven 11 demonstrates that they can offer companies more than just funding, thereby contributing to the value growth of the participations.
"Providing corporate loans can really be much more efficient. We absolutely believe in the collaboration between companies, funders, and borrowers. It’s not just about making funding available; it’s primarily about finding new ways to make capital markets function better," says Balder Bomans, Managing Partner at Maven 11 Capital.
"As a Pool Delegate, we open our pool to the entire decentralized finance community and aim for a much larger group of companies to utilize the Maple platform."
