Maple Finance is a start-up company from Australia that aims to solve the problem of low utilization of funds caused by over-collateralization in DeFi lending. On Maple, a reputable business can borrow as little as 40% collateral. Maple is targeting companies with a proven track record in the crypto industry, such as those trading, market-making funds and cryptocurrency mining companies looking to expand their operations.
MPL is the governance token of the Maple Protocol. It enables holders to participate in governance, participation fees, and share token issuance in liquidity pools.