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DeFi App Maple Finance Warns of ‘Insufficient Cash’ (1)

June 21, 2022, 7:03 PM

Maple Finance has become the latest decentralized-finance project impacted by the cascading troubles in crypto.

In a note published Tuesday, Maple -- a marketplace for institutional lenders and borrowers -- said that beginning this week, “there may be instances where there is insufficient cash in pools, and Lenders must wait for Borrower repayments.”

One of Maple’s pools had lent money to centralized lender Babel, which is facing liquidity issues and just won a reprieve on debt repayments. Maple had previously said it was unaffected by troubles at centralized lender Celsius Network, which is fighting insolvency, as well as at hedge ...