Aave collaborates with Maple to introduce a new type of collateral to expand the Decentralized Finance ecosystem.

[Chain News] On October 22, it was announced that the DeFi lending protocol Aave has partnered with the on-chain asset management firm Maple to introduce its yield-generating, institutional-grade assets as new Collateral. Aave will first deploy Maple's syrupUSDT on the Plasma instance, and will later expand to the core market.

Aave currently has about 1,000 daily borrowing users on Ethereum, with approximately $25 billion in outstanding loans, accounting for 82% of the total outstanding debt on the network. Previously, Maple collaborated with Lido to launch a stablecoin credit line backed by staked ETH.

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