Crypto Lending Platform Maple Finance Unveils Major Overhaul, Stops Lending on Solana

In a previous iteration, assets in the default protection fund were a combination of USDC stablecoin and MPL tokens, and investors could stake their MPL tokens to earn rewards for contributing to the first-loss capital. In practice, stakers withdrew and dumped MPL when a default was looming, resulting in depleted funds to absorb losses.