Monthly pool performance updates

Pool Delegates shared pool performance updates for the month of August. These provide a market commentary, loans issued, borrower concentration and more.

Access Maven 11’s here.

Access Orthogonal Credits here.

August highlights from Maven 11 Credit:

• Launched their 3rd pool with $40M from institutional fully KYC’d investors.

• Welcomed Nexus Mutual which deposited 10% of its treasury funds (over 15k ETH or $20m).

• Satisfied all pending withdrawals in their largest USDC pool and issued their first new loan.

• Maven 11 launched a Twitter account dedicated to sharing news on institutional credit underwriting in DeFi. Follow them

  here.

August highlights from Orthogonal Credit:

• Grown the team to 4 credit and trading professionals with over 50+ collective years of experience working at some of the largest global credit funds, investment banks, and institutional trading firms.

• The biggest win for the team is that they’re back to lending with a loan to Blockfills.

Sherlock and UXD protocol deposited into pools

Both UXD Protocol and Sherlock deposited into Maple Pools.

UXD Protocol is the first DAO to deposit into Maple Solana. They’ve put idle capital to work by depositing $7M into the Credora pool. Read the full thread here.

Sherlock deposited 24% of TVL ($5M) into Maven 11’s USDC pool to provide a reliable & secure yield to stakers on their platform. For lenders, yields are currently greater than before the credit contraction, and the team from Sherlock believes that now is the right time to deposit into the Maven 11 pool for risk-adjusted returns.

Join us in NYC next week

Our commercial team will be in New York for Blockworks DAS, SALT and Messari Mainnet. We’ll also host our usual Maple Mixer with pancakes and maple syrup to start the day right. If you’re in town and would like to meet or eat, send us a DM on Twitter.

At DAS we’ll have a booth for the first time, so come and say hi to the team if you’re there. Sid will sit on a panel September 14th 4:00-4:40pm to discuss the Institutional Lending Market, with Rebecca Rettig (AAVE General Counsel), Joshua Lim (Ex. Genesis), Zac Prince (BlockFi Founder & CEO) and Michael Bodley (Blockworks Managing Editor).

The following week, we’ll attend Messari Mainnet. Sid will be on a panel September 22nd 11:55am – 12:15pm to discuss the Future of Yields with Jordan Kruger (Vesper Finance CEO & Co-founder), William Villanueva (Element Finance CEO), Windra Thio (Element Finance Head of Strategy), Emily Hsia (Goldfinch Staff Software Engineer) and Kunal Goel (Messari Research Analyst).

RSVP: Virtual Briefing: Opportunities on Maple

On Maple teams of credit experts operate funds with a range of strategies that suit hundreds of capital allocators including Asset Managers, Family Offices and HNWIs. By combining blockchain tech and transparency with traditional finance compliance processes, Maple offers capital efficiency to all platform participants.

In this 20 minute briefing Maple’s CEO and Co-Founder, Sidney Powell and Maple’s Sales Director, Claire Reintjes will share the range of current and future capital opportunities available on the platform. Leave knowing the opportunities available to you, how to get started and with a direct connection with the Institutional Sales team at Maple.

Sign up here.

Neat Comms

• Victor from Maven 11 discussed their role as Pool Delegate on Maple on Avantgarde’s Twitter Spaces.

• Maven 11 announced they issued their biggest loan since inception to Wintermute of $40M.

• We featured in @LucaProsperi’s thread on most relevant protocols in DeFi.

• Katherine participated in a panel at the Cambridge International 39th Symposium on Economic Crime to discuss the Promises and Challenges in DeFi.

• @DeFi_Dad praised the Maven11 wETH pool yield on Twitter.

Next Week

• We’ll be in NYC at DAS and host our legendary pancake breakfast.