Maple Finance has launched on the Base network with the aim of expanding its institutional customer base.

BlockBeats reported on November 1st that the cryptocurrency lending protocol Maple Finance has officially launched on the Base network, becoming its third blockchain platform after Ethereum and Solana. The first pool offered on Base is Maple's cash management pool, which currently has an annualized yield of 4.8% sourced from short-term US Treasury bonds. The pool was launched in August and has attracted interest from "Web3 project treasuries," with over 50% of deposits coming from this group, according to Maple Finance co-founder Joe Flanagan. Flanagan also revealed that the integration means Maple will have direct access to thousands of existing and future Coinbase institutional clients. Maple Finance plans to launch at least one new pool on Base by the end of this year.