Key Takeaways
- Linea has partnered with Maple Finance to offer ETH-backed institutional loans on its layer-2 blockchain.
- This collaboration enables users to use Ethereum as collateral to access liquidity on the Linea network.
Linea, a layer-2 scaling solution, has launched an ETH-backed loan product in partnership with Maple Finance, an onchain platform that provides institutional credit products.
The collaboration brings institutional lending capabilities to Linea’s blockchain network, allowing users to access liquidity using Ethereum as collateral.
Maple Finance has been actively deploying institutional lending solutions on emerging chains as part of its expansion strategy.
The ETH-backed loan offering represents Linea’s entry into institutional financial products, leveraging its layer-2 infrastructure to provide enhanced liquidity access for users seeking credit against their Ethereum holdings.
Source: https://cryptobriefing.com/linea-eth-backed-loan-maple-finance-launch/