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Uncollateralized lender Maple Finance has updated its protocol to a second version, called Maple 2.0, aimed at opening up the lending platform to a wider range of institutional borrowers, including those from outside the crypto industry.
Last week, a delegate called M11 suffered a $36 million default from crypto firm Orthogonal Trading, which had borrowed from an M11-run pool on Maple.
More info: https://bit.ly/3V2OTG2