Maple Finance and Icebreaker Launch Lending Pool for Bitcoin Miners
The two parties joined forces to roll out a lending pool for bitcoin miners. Major DeFi lender Maple Finance has launched a capacity pool worth $300 million for Bitcoin mining companies. The development comes despite the sharp decline in BTC’s price and the reduced injection of capital into the mining sector.
According to an announcement on Tuesday (September 20, 2022), the new fund targets “public and private blue-chip bitcoin mining and digital asset infrastructure companies” based in North America and Australia. The pool offers underlying loans with a tenor of 12-18 months, along with an interest rate between 15-20%. Australian financial services firm Icebreaker Finance will manage and administer the loans via Maple’s platform. Funding will be administered to borrowers based on the balance sheet strength.
Source
https://t.me/Cash_Blockchain_News
