Since we launched Maple Loans in February we thought hard about how to improve the UX for you. We thought, we iterated and now we’ve shipped 📦
We are thrilled to unveil the new Maple Loans front end.
Maple Loans started as a proof of concept in February 2020 after an epic 5 week sprint taking it from 💭 to live on mainnet. Rapid prototyping is great but the front end needed to catch up to delight our users 🥳. It needed to be EASY TO JOIN, EASY TO LEND and EASY TO BORROW.
EASY TO JOIN 🎟️
🗝️ Login with Google, Facebook or Discord
🔎 Browse Lending communities and Join
Request to join as a Lender or Borrower in 2 Clicks.
Whitelist users to your community
EASY TO LEND 💵
💳 Lenders: fund loans with Apple Pay, Debit Card or Bank Transfer
Login with Torus using Google, Facebook or Discord to use Apple Pay with the options below.
🕵🏻♂️ Borrower credit scores
Maple is the first crypto lending platform to integrate a credit score. This marks a huge leap for undercollateralized lending.
We partnered with Credmark to showcase their Clear Score. The next gen credit score of crypto — showing how good a borrower’s repayment history on other DeFi protocols is. Borrower addresses are graded 0(worst)–1000(best) based on their usage of Maker, Compound, Nuo and others. Users start with a low score and level up when they build repayment history 🎮
📊 Portfolio Dashboard
Lenders have a portfolio view of forecast earnings. They can see upcoming repayments and track any missed payments.
EASY TO BORROW 💲
🏎️ Borrow loans simply
3 Inputs 3 clicks from the Home page: Amount, Interest Rate and Loan Term
Maple is the first crypto lending platform to integrate credit scores in the lending process. This marks a huge leap for undercollateralized lending.
What’s Next 🔮
For undercollateralized lending to take off, its needs to attract Lenders by managing risk.
Reducing Risk for Lenders
Maple is a destination for Borrowers whose needs aren’t being met by traditional finance. Remote/gig economy workers, DeFi investors, digital businesses, gamers & collectors. Assessment of their credit risk is evolving.
While it evolves Maple will introduce ETH, RealT, tBTC, wBTC as collateral to boost security. For example Borrower Bob may offer 70% RealT as collateral with his loan request to get a better interest rate from Lenders. Attracted by the added protection of the collateral, Lenders will accept a lower interest rate from Bob. Better rates bring more Borrowers and the collateral brings more Lenders in a virtuous cycle.
About Maple Loans
Maple Loans is a lending tech platform where you can form Communities to Borrow and Lend undercollateralized digital loans. Maple’s tech takes care of onboarding borrowers; requesting, funding and settling loans; and making repayments.