#Maple Protocol Adds EtherFi's $weETH as Collateral for Institutional $USDC Loans


Maple has integrated EtherFi's $weETH token as accepted collateral for its on-chain credit platform, enabling qualified borrowers to access $USDC loans.


The decentralized lending protocol will offer a limited-time 2% APY rebate in $ETHFI tokens for the first $50 million in loans backed by weETH.


Overcollateralized loans carry a two-month term with a $5 million minimum size requirement for institutional borrowers on the platform.


$MPL launched on #Ethereum in 2021 as a credit protocol connecting borrowers with lenders through on-chain liquidity pools.


CEO Sid Powell stated that restaked assets like weETH are taking a central role in how institutional capital allocates on-chain funding.


The weETH asset is one of the most widely used across DeFi for #restaking, securing multiple protocols with the same underlying asset.


The token maintains a $5.3 billion circulating supply with approximately 75% deployed as collateral in protocols like #Aave

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July 01, 2025 at 12:56 PM
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