Below is an update on Orthogonal Trading and the recent actions that have been taken in on-chain enforcement and off-chain processes. On-chain: On 13 December 2022, M11 Credit declared default on-chain on the following Orthogonal Trading loans:

The Maple Ethereum App is currently undergoing a planned upgrade until Wednesday 14th December 09:00 ET. During this time, deposits and withdrawals will not be possible, and any attempts will not be processed. This pause is necessary to ensure a smooth transition to the new Maple 2.0 smart contracts. Once…

M11 Credit issues default notice to Orthogonal Trading after misrepresenting financials In light of the recent missed payment by Orthogonal Trading in the USDC Permissionless pool, we want to provide some insight and context on the situation. On Saturday, 3 December 2022, Orthogonal Trading informed us that due to funds…

September performance — Market Commentary (USDC & wETH) In September, the cryptocurrency market failed to reverse the losses seen in August. With inflation far above target the U.S. Federal Reserve continued their trend with the fastest and most aggressive hiking cycle in more than three decades to curb it with another 75 bps…

August performance August proved to be an eventful month for the Maven 11 Capital credit team with various highlights to share across our funds on Maple: 🔎 We launched our 3rd pool with $40m from Institutional -fully KYC’ed- investors and as another milestone for DeFi, issued a first loan to…

Up-to-date financial ratio’s of borrowers point to solid balance sheets across the board Full visibility on loan repayment schedules Current market conditions are driving an increased demand for liquidity from both Borrowers and Lenders. …