Figment has collaborated its protocol staking solutions with Maple Finance, which claims to set itself apart as an innovator in the digital asset lending space with its diversified lending solutions.
Now that Maple Finance can stake their client’s digital assets, it will “provide more security for the network and provide an opportunity to earn rewards.”
By incorporating Solana and Ethereum staking capabilities through Maple Finance, these benefits become “accessible to a much wider audience, merging traditional finance with digital assets.”
This progressive move signifies a commitment to supporting “more cohesive and adaptable solutions that cater to the diverse needs of today’s clientele.”
Maple Finance says it enhances its position “as the home of digital asset lending by leveraging Figment’s institutional grade staking service.”
This collaboration allows digital assets “to be staked, enhancing rewards for lenders and providing borrowers access to more competitive borrowing rates while being capital efficient between loan deployments.”
Joe Flanagan, Co-Founder at Maple Finance said:
“Figment’s industry leading staking solutions benefits Maple lenders, enabling them to earn enhanced rewards on their digital assets, while borrowers benefit from more competitive borrowing rates.”
Ben Spiegelman, VP, Head of Corporate Development and Partnerships at Figment said:
“Maple’s staking strategy enables active on-chain investors and traders a new opportunity to earn rewards on the two largest proof-of-stake assets. In addition to the benefit that accrues to the customer, Ethereum and Solana are further secured due to more assets being staked.”
Key Features of Staking Solutions with Maple Finance & Figment:
- Maple Lenders gain access to Institutional Staking provided by Figment with their on-chain digital assets; combining the benefits of Maple’s transparency and efficiency with
- Figment’s certified Institutional infrastructure.
- Maple Borrowers benefit from more competitive rates, as the collateral provided to take out loans can be partially staked to enhance rewards for Lenders and increase the overall economic benefit to all participants.
- Maple Finance clients gain from Figment’s deep protocol expertise, enabling consistent staking rewards through a ‘Safety Over Liveness’ strategy.
This integration brings Figment’s certified staking infrastructure, “backed by SOC 2 Type I and ISO 27001 certifications, to Maple Finance clients, ensuring unparalleled security and reliability.”
Maple Finance will benefit “from Figment’s optimized staking strategies for both ETH and SOL; designed to maximize annual rewards while minimizing risk. On SOL, users will also be eligible to participate in MEV opportunities by utilizing Jito, a modified Solana Validator, with the goal of enhancing rewards.”
