1/ @apecoin's journey from its launch, to @OthersideMeta mint, to the present has been nothing short of volatile.
Can $APE ever reach adoption as a Web3-native medium of exchange?
2/ While @apecoin and @yugalabs may seem closely linked, $APE's creation is attributed to the APE Foundation.
The APE Foundation is simply the steward of ApeCoin, leaving future decisions regarding IP in the hands of the DAO.
3/ Since inception the largest voting cohort of ApeCoin DAO has been @BoredApeYC and Mutant Ape Yacht Club holders.
As ApeCoin DAO evolves, and $APE is introduced to new pathways, the DAO should further decentralize with the underlying priorities reflecting its member base.
@maplefinance's undercollateralized lending has performed better than overcollateralized CeFi lending during the crypto downturn, originating over $1.6B worth of loans.
How does it work?
2/ For the @maplefinance to function, it becomes more important to align the interests of all parties.
+Pool Delegates manage the lending pool and strategy
+Borrowers apply to Pool Delegates with loan terms
+Lenders back Pool Delegates
+Cover Providers cover first-loss capital
3/ How does the $MPL token come into play?
$MPL is the governance token for the protocol, but also allows tokenholders to earn directly from revenues.
All loans pay 0.99% annualized establishment fees, with the treasury keeping 2/3, and Pool Delegates keeping the remaining 1/3.