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Maple protocol integrates weETH, providing USDC loans and ETHFI rewards program
Gate News bot message, PANews July 1 news, the decentralized lending protocol Maple has now included EtherFi's weETH in its on-chain credit platform's collateral list. Currently, weETH serves as a re-staking asset in the DeFi space, with a circulating supply of 5.3 billion USD.
According to the announcement, Maple has established a 2% APY ETHFI reward rebate for the first $50 million of weETH loans. Through this program, eligible borrowers can receive additional ETHFI token rewards while obtaining USDC loans using weETH.