How can I Borrow on Maple?

Overview

  1. Connect wallet and draft a loan request

  2. Create a company profile

  3. Request a quote based on loan requirements

  4. Get credit assessed and agree the terms of the loan with a Pool Delegate

  5. The Borrower creates the loan on-chain and receive funding

  6. The Borrower provides collateral (if required) and draws down on the loan

Draft a Loan Request

When creating a Borrower profile, be sure to connect with your crypto wallet. Once you create a Borrower profile for your company, you will be able to publish a Request for Quote, sending your Request to Pool Delegates. Pool Delegates are experienced investors who are paid to manage Liquidity Pools on Maple and to credit assess Borrowers and agree terms with them.

Example Loan Requirements

Variable

Input

Amount

1,000,000

Denomination

USDT

Requested Collateralization Ratio (%)

50%

Collateral Denomination

wBTC

Loan Term (months)

6

Payment Frequency

Monthly

Payment Structure

Interest Only

Requested APY (%)

10%

Create a profile

Borrowers are able to access undercollateralized loans by leveraging their institutional reputation through the creation of a comprehensive profile. Borrowers must also KYC themselves to comply with lending regulations and build trust with the Pool Delegates and Liquidity Providers who would be funding them.

The Borrower profile includes the following information: entity name and address, website, primary contact's name and email, Telegram, and Twitter. Institutions can also add a short blurb with background information including strategy and business model, how long it's been operating, as well as any information about management experience.

Create a request for quote

Once Borrower profile is created, they are able to publish their loan requirements as a Request for Quote to all Pool Delegates on Maple. These Pool Delegates are experienced investors who manage Liquidity Pools on Maple. Pool Delegates will review the request and can express interest in funding the loan by messaging the Borrower directly on the platform.

Credit assessment and agreement of terms

Credit assessment and discussion of collateralization and pricing is conducted privately between you and one or more Pool Delegates. Each Pool Delegate on the Maple platform manages Liquidity Pools that you can borrow from.

Typically, assessment involves a review of your reputation, management's background, business strategy and financial records. The Pool Delegate may either accept the terms you proposed or make a counter-offer. Once you have agreed terms, edit your loan request details to reflect the agreed terms and create your loan.

Pool Delegates are responsible for conducting credit assessments before lending from their managed Liquidity Pools. Typically, the credit assessment involves a review of Borrower's reputation, management expertise, business strategy, and financial records. The Pool Delegate also discusses collateralization and pricing privately with Borrowers. They may either accept the terms initially proposed by Borrower or make a counter-offer. Once negotiations are complete, the Borrower is responsible for editing their loan request details to reflect the agreed terms and create the loan.

Create your loan and receive funding

The Borrower creates the on-chain loan request, entering the terms agreed on by the Pool Delegate as well as their minimum target loan amount. After the loan goes live, the loan contract can be funded by multiple Liquidity Pools which have seven days to provide funding. Borrowers will have access to a tracker that shows progress towards the targeted amount and which Liquidity Pools have funded the loan.

The Borrower creates the on-chain loan request by entering their minimum target loan amount and the terms agreed upon by the Pool Delegate. After the loan goes live, the loan contract can be funded by multiple Liquidity Pools for up to seven days or until the loan is filled to its maximum request. During this process, Borrowers will have access to a tracker that shows progress towards the targeted amount and which Liquidity Pools have funded the loan.