Maple Finance, a DeFi corporate lending platform, announces launching a USD 300 million lending pool targeting mid-size bitcoin miners and digital asset infrastructure providers across North America and Australia. 

The company stated that the loans will have a 12-18 month tenor and interest rates of around 15%-20%. Managed by Icebreaker Finance, the pool will target blue chip private and public companies that employ what the company determines to be "effective treasury management and prudent power strategies."

In addition to digital assets, the lending pool will also accept physical assets such as power transformers as collateral for loans to compensate for any adverse price movements of bitcoin. 

Analyst QuickTake: This news comes just over a month after the company launched a USD 40 million lending pool for institutional borrowers. The institutional lending sector of DeFi has seen rapid growth in the last week, with Compound launching an institutional lending service of their own and Infinity Exchange raising USD 4.2 million in seed funding. Maple remains one of the largest among its competitors, having issued around USD 1.8 billion in loans since launching its first lending pool in May 2021.