Decentralized finance platform Maple Finance has integrated EtherFi’s weETH as collateral for its on-chain institutional lending platform
The integration enables qualified borrowers to access USDC loans backed by weETH, EtherFi’s restaked Ethereum token, while continuing to earn ETHFI incentives.
The integration comes with a 2% APY rebate in ETHFI on the first $50 million in loans.
This story is an excerpt from the Unchained Daily newsletter.
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weETH is one of the most widely used restaked assets in DeFi, with over $5.3 billion in circulation and about 75% already used as collateral in major protocols like Aave.
“As staking continues to mature, we’re seeing restaked assets like weETH take on a more central role in how institutional capital allocates onchain,” said Maple cofounder and CEO Sid Powell in a statement
“This integration reflects our long-term view that staking is not just a yield source, but a foundation for the next generation of collateral and credit markets.”
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Maple Finance and EtherFi Launch Institutional Loans Backed by weETH - Unchained
Decentralized finance platform Maple Finance has integrated EtherFi’s weETH as collateral for its on-chain institutional lending platform
The integration enables qualified borrowers to access USDC loans backed by weETH, EtherFi’s restaked Ethereum token, while continuing to earn ETHFI incentives.
The integration comes with a 2% APY rebate in ETHFI on the first $50 million in loans.
This story is an excerpt from the Unchained Daily newsletter.
Subscribe here to get these updates in your email for free
weETH is one of the most widely used restaked assets in DeFi, with over $5.3 billion in circulation and about 75% already used as collateral in major protocols like Aave.
“As staking continues to mature, we’re seeing restaked assets like weETH take on a more central role in how institutional capital allocates onchain,” said Maple cofounder and CEO Sid Powell in a statement
“This integration reflects our long-term view that staking is not just a yield source, but a foundation for the next generation of collateral and credit markets.”