© Reuters. Maple Decides to Retire Maple Solana to Reduce Operating Costs
- Maple in its Q4 treasury report discussed its decision to retire Maple considering the increased operating cost.
- The on-chain institutional lending platform’s total active liquidity decreased from $326M to $58M from Q3 to Q4.
- The company also highlighted future plans for the year with strategic focus areas.
Maple, an on-chain institutional lending platform, released its Q4 2022 treasury report on Wednesday, highlighting its reason for retiring Maple Solana. It also focused on the company’s revenue and expenses last year and the plans for the current year.
Wu Blockchain took to Twitter to share updated news on its Twitter handle.
Maple, an on-chain institutional lending platform, issued 87 million loans in the fourth quarter, far lower than the $262 million in the third quarter; in addition, it decided to retire Maple Solana to reduce operating costs. https://t.co/qsbHTIDdqD
— Wu Blockchain (@WuBlockchain) January 20, 2023
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