Maple Finance Launches T-Bill Pool for Web3 Investors

Maple Finance Launches T-Bill Pool for Web3 Investors

Maple Finance, a DeFi crypto lender, has launched a new cash management pool for U.S. Treasury Bill yields. The product will allow accredited web3 investors, such as decentralized autonomous organizations (DAO), offshore firms, Web3 treasures, and high net-worth individuals, to access the pool that invests in one-month Treasury Bills with no minimum lock-up period.

Yield and Fees

The pool will offer investors the one-month Treasury bill yield, with a 0.5% management fee applicable on stablecoin deposits. According to Maple, investors will get a 3.2% yield annually, based on the current T-Bill rate.

SPV and Borrower

The special purpose vehicle (SPV) will receive all deposits. It will lend the funds to Room40 Capital, an institutional crypto hedge fund that will operate as the pool’s sole borrower to invest in U.S. Treasury Bills.

Maple has simplified the onboarding process, allowing clients to complete applications within 15 minutes. The new product will enable web3 investors to park their idle funds in the pool for direct access to Treasury bill yields, meeting their liquidity, risk, and accounting requirements.

Developers’ Views

The majority of on-chain risk-free services, according to Maple developers, don’t look secure enough to draw treasury fund investment. “Counterparty risk is either too high, assets too illiquid, too complicated with ETFs, or rates between 1-2% too low for the level of smart contract risk,” the developers added.

The move comes as institutional investors continue to look for ways to enter the crypto market and gain exposure to cryptocurrency while minimizing risks.