M11 Credit has announced that it is once again open for lending and is currently raising funds for its KYC USDC pool on Maple Finance. The borrower is a well-established, creditworthy market-neutral trading firm that M11 Credit has thoroughly vetted.
Key Points:
- The pool will have a single borrower exposure.
- Expected net APY is 10.75%+ in USDC.
- Duration: 60 days with liquidity on demand available afterwards.
M11 Credit is once again open for lending and we're excited to announce that we're raising funds for our KYC USDC pool on @maplefinance. The borrower will be a highly reputable and creditworthy market-neutral trading firm that we've carefully vetted.
— M11 Credit (@M11Credit) April 5, 2023
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Full thread:
Pool parameters (target): - Single borrower exposure - Expected net APY: 10.75%+ in $USDC - Duration: 60 days with liquidity on demand afterwards
We anticipate that the upcoming Ethereum Shanghai upgrade, persisting regulatory pressure, and prevailing macro risks may elevate volatility in the cryptocurrency market, presenting opportunities for market-neutral trading firms and driving demand for trading capital.
As many CeFi lenders are no longer able to provide (cheap) capital, financing options have become scarce for market-neutral trading firms. Furthermore, especially USDC became more scarce in the industry as crypto banking issues limit on-ramp options in recent weeks.
We firmly believe that the recent significant shift in the lending landscape presents us with opportunities to leverage our upgraded underwriting and monitoring framework towards identifying and pursuing attractive risk-adjusted yield opportunities.
By doing so, we aspire to become a change-maker and to improve industry standards by setting the best practices in the lending space.
If you are interested in our offering and want to learn more about the lending opportunity, do not hesitate to contact us on Twitter or via [email protected].
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