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ZEC $335.63 -3.50%

Maple Finance: Icebreaker Finance joins Maple and opens a loan pool with a scale of 300 million dollars

2022-09-20 21:33:23
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Chain Catcher news, the institutional lending protocol Maple Finance stated that Icebreaker Finance has launched a pool on Maple today, providing secured debt financing for public and private blue-chip Bitcoin mining and digital asset infrastructure companies in North America, Canada, and Australia. The current size of the pool is $300 million, aimed at providing low-risk returns for qualified investors and capital allocators.

It is reported that the underlying loans constituting the pool will have a term of 12-18 months, with interest rates typically ranging from 15% to 20%, and are secured by real-world and digital collateral on a priority basis, with full recourse to the borrowers. (Source link)

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