Maple Finance debuts Bitcoin-linked yield offering for institutional investors
Maple’s new offering will compete for market share against a number of similar derivative products, promising BTC yields and downside protection for wealthy investors.
Decentralized finance (DeFi) platform Maple Finance has announced a new derivatives product to tackle institutional clients’ demand for digital assets.
According to Maple, the new product will buy Bitcoin (BTC) call options using yield from collateralized crypto loans. Designed for institutional investors with a minimum buy-in of 100,000 USD Coin (USDC), it promises exposure to BTC with downside protection against BTC underperformance. The new product has a floor annual percentage yield (APY) of 4%, with the possibility of a maximum APY of 33%.
Maple’s new offering will compete for market share with a handful of similar products. Some examples include the National Bank of Bahrain’s Bitcoin investment fund, the protected Bitcoin exchange-traded funds (ETFs) issued by Calamos Investments and Crypto.com’s recently launched platform designed for institutional investors in the United States.
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Author: Christopher Tepedino
