Weekly Mape Update: Issue #5
Welcome to the fifth edition of the Weekly Mape Update! Keep up with the latest Maple news on Twitter, and join the Mapes on Telegram and Discord 🦍
🥞 Summary
Orthogonal Liquidity Pool expanded by $20M this week
MIP-004 Update ⚖️
Meet our Smart Contracts Tech Lead, Lucas Manuel 💥
Last week the Liquidity Pool with Orthogonal Trading as Pool Delegate was more than doubled to $37M 🎉
With the broader DeFi allocation of $3.35M being scooped in under five minutes, a number of community members unfortunately were unable to participate in this tranche. The community's support has been greatly appreciated and we are actively working towards a solution to enable broader participation when the second pool opens.
To provide feedback and suggestions, use this Discord channel or the community forum.
The Maple ecosystem continues to scale with the upcoming launch of its second Liquidity Pool. As our existing institutional liquidity commitments are completed and we move away from sporadic tranches of loans to more cyclical funding, there will be more regular opportunities to lend on Maple. MPL holders will also soon be able to stake to pools of their choice to support the growth of the pools and earn additional yield!
Maple is hiring! If you want to be part of a collaborative culture focused on bringing global finance into the future, we want to hear from you.
🧮 By the Numbers
Total Value Locked: $37,000,000 🏆
Discord: 2,803 (Δ -4.20%)
Twitter: 5,333 (Δ +3.42%)
Telegram: 1,669 (Δ -0.65%)
⚖️ Mapes Governance
To participate in governance, anyone who holds at least 25 $MPL is able to register as Mape in Discord and vote on governance proposals submitted by the community.
MIP-004: dHedge Treasury Solution
Summary: Maple DAO to invest $100,000 from its Treasury in dHEDGE dTOP Index
Status: Completed ✅
📅 Upcoming Events
June 30 - Second tranche of Maple loans begin funding ⚡️
July 4 - Weekly Maple Hangout ♟
July 7 - Community Call #10
📰 Maple in the Media
Crypto Unstacked | Deep Dive: Maple Finance | How Does Reputation-as-a-Service Enable True Decentralized Lending?
Messari | Maple Finance: Bringing Undercollateralized Lending to DeFi
Creative Destruction Lab | Graduating Blockchain Ventures
High Definition Podcast | Sid Powell - Maple, Undercollateralised Loans & Roadmapping
🤝 Meet: the team
Lucas Manuel, Smart Contracts Tech Lead
Lucas comes from an engineering background, originally doing data science & machine learning work before joining Ernst and Young. At EY he worked on solutions for governments to track public funds using private Ethereum blockchains and smart contracts. After working in the enterprise blockchain space for two years, he joined MakerDAO as a smart contracts engineer, working to upgrade the existing liquidation mechanism and onboard new collateral to the system. Lucas joined Maple Finance as the Smart Contracts Technical Lead in December 2020 and has been leading the smart contracts development effort since then, launching the protocol in late May 2021.
🦍 Meme of the Week
Decentralized Autonomous Organizations: Powered by Discord
That’s it for this issue of the Weekly Mape Update. If you have any comments or suggestions on what you’d like to see next week, reply to this email or sound off in the #community channel on Discord 🥞