On-chain asset management company Maple has formed a strategic partnership with Lido Finance to launch a stablecoin credit line backed by stETH, allowing institutional borrowers to unlock liquidity while maintaining ETH stake rewards. Borrowers can use stETH as collateral for the credit line.

According to BlockBeats news on June 5, data from Token Terminal shows that the on-chain institutional capital market protocol Maple Finance generated over $1 million in revenue in May, setting a new historical high. It is worth noting that this income level has risen approximately 10 times year-on-year.

Pendle has launched a new 'RWA' partition with a total value locked (TVL) of 150 million USD, including USDS, sUSDS, SyrupUSDC, and USD0++. Among them, sUSDS LP offers an annualized yield of 432.4%, SyrupUSDC LP offers an annualized yield of 98.88%, USD0++ LP offers an annualized yield of 43.25%, and USDS LP offers an annualized yield of 22.96%.

Gate News bot news, Cantor Fitzgerald announced on Tuesday that its new "Bitcoin Financing Business" has completed its first transactions. The company plans to initially offer up to $2 billion in financing to institutional clients and stated that it has completed the first transactions with Maple Finance and FalconX.

Maple has proposed governance proposal MIP-013, suggesting to allocate 20% of the protocol revenue for the first quarter of 2025 to repurchase SYRUP Token and distribute it to the stakers, in order to enhance stake incentives, with an expected APR of 5.0%. Voting will open on January 20th, and only stSYRUP holders can participate.

According to Nansen data reported by Jinse Finance, the Smart Money 24-hour fund inflow tracking list on the Ethereum network is as follows: MKR inflow of $3.96 million, current price $2,438. MPL inflow of $1.23 million, now priced at $12;

Gate.io News bot message, according to the latest research data from Galaxy, the total scale of CeFi loan portfolios will reach $11.2 billion by the end of 2024, a decrease of 68% compared to the historical high of $34.8 billion in 2022. In the CeFi lending institutions, ranked by the size of outstanding loans, Tether ranks first, followed by Galaxy, Ledn, Coinbase, and Maple. Research indicates that the current overall market size of DeFi and CeFi is approximately $30 billion. If we include CDP stablecoins like DAI, the total size exceeds $35 billion. It is worth noting that DeFi's share in the crypto lending market has surpassed 60%. Source: Wu Says

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