Maple report: During the recent market crash, bad debts did not increase, and capital inflow reached 10 million dollars

ChainCatcher news, according to Cryptoslate, the decentralized credit protocol Maple reported that during the market crash on February 2, platform users' positions were not liquidated, and no bad debts were incurred. The report noted that users avoided liquidation by depositing an additional $10 million in margin.

On that day, the price of Ethereum briefly fell to $2,000, with mainstream cryptocurrencies generally dropping by 10% to 30%, leading to over $10 billion in positions being liquidated. Maple's "blue-chip" and "high-yield secured loan" products maintained over-collateralization throughout the volatility, thanks to additional margin calls before the collateral threshold. During the liquidation period on February 2, the high-yield secured fund pool attracted $2 million in inflows.

The Syrup fund pool combines two strategies to enhance yield, issuing additional margin calls on 35% of loans, with new deposits of $5 million, borrowers adding $7.4 million in collateral and repaying corresponding loans, stabilizing the Maple loan book. As of February 6, the average collateralization ratio across the fund pools was 165%, and the treasury achieved double-digit annual returns.