Maple Finance Launches First DeFi Syndicated Loan for Alameda Research

Maple Finance Launches First DeFi Syndicated Loan for Alameda Research
Decentralized finance (DeFi) has started eating up syndicated loans.Announced Thursday, Maple Finance, a lending platform that specializes in liquidity pools made up of institutions, has launched its first DeFi syndicated loan for Alameda Research, the trading firm affiliated with global cryptocurrency exchange FTX.In the traditional world, a syndicated loan is financing offered by a group of lenders, usually banks, to borrowers that could be corporations, large infrastructure projects or governments. These loans tend to be denominated in the billions and are spread out among several lenders to mitigate the risk in case the borrower defaults.In this instance, a whitelisted cohort…