The new lending pool on maplefinance offers a 3.2% annual yield at current rates on deposits by investing in one-month U.S. Treasury bills. sndr_krisztian reports
The pool is structured as a special purpose vehicle that collects investor’s stablecoins and lends it to crypto hedge fund Room40 Capital, the sole borrower of the pool, to invest in T-bills, the post explained.
The pool allows accredited investors, crypto firms and decentralized autonomous organizations’ treasuries to earn yield on their idle stablecoins with low risk, as short-term U.S. treasuries are considered among the safest investments. Maple and Room40 does not require any lockup period for deposits before withdrawal, making the pool ideal for managing cash held in stablecoins, the protocol said.
Notably, only entities and individuals based outside of the U.S. can access the pool after completing a three-step know-your-customer check. Last week, the protocol’s native token MPL rallied as Maple CEO Sidney Powell said in a community call that a new Treasury bill pool will start soon, CoinDesk
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