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Maple Finance will return to Solana and open-source its cash management solution

Odaily Planet Daily News According to reports, Maple Finance, which suspended its Solana loan pool in January this year, will return to Solana and open its cash management solution. The new product provides on-chain financial management solutions for DAOs, Web3 companies, and other clients, simplifying access to US Treasury yields. Solana's stablecoin issuer UXD, perpetual contract protocol Drift, and DeFi lending protocol Solend have all committed to using the lending pool. It is understood that Maple Finance is one of the protocols affected by the FTX crash incident. Cryptocurrency arbitrage trading company Orthogonal Trading owed $36 million in loans on Maple in December last year, and these bad loans affected 30% to 80% of investors in related lending pools. (DL News) In early August, Maple Finance announced that it had opened its cash management pool supported by tokenized short-term US Treasury bills (T-bills) to US investors. Maple has obtained an exemption under SEC D Regulation (RegD) Rule 506(c). Prior to this, only non-US entities could access Maple's cash management pool. The cash management pool on Maple allows accredited investors, companies, and DAOs to deposit their idle USDC and USDT in one-month US Treasury bills and earn an annual yield of 4-5%.

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