Maple, the leading on-chain asset manager, today announced a strategic partnership with Lido Finance to offer stablecoin credit lines backed by stETH collateral.
Institutions can now borrow stablecoins against stETH with Maple and Lido.
Institutions can now access stablecoin credit lines with stETH collateral thanks to a new partnership between Maple, the leading on-chain asset manager, and Lido Finance.
This offering allows institutional borrowers to unlock liquidity from their stETH holdings and use it for various treasury or capital strategies.
Institutions will not need to unwind their staked ETH positions in order to borrow stablecoins. Instead, borrowers can use stETH, one of the most trusted and widely adopted liquid staking tokens on Ethereum, as collateral for credit lines that are written and monitored by Maple’s internal credit team.
“This partnership with Lido really formalizes something that has been in high demand from institutions already using stETH in their capital strategies,” said Sid Powell, CEO and Co-Founder of Maple. “By enabling these loans, we’re making it easier for institutions to access liquidity and keep their core assets staked and productive.”
The offering, which covers a range of use cases such as treasury runway extension, conservative leverage trading, and short-term working capital, is designed to maximize capital efficiency and keep staking rewards optimal.
Institutions interested in learning more and applying for a quote can reach out to markets@maple.finance or fill out the form here.
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