Icebreaker recently announced establishing a partnership with Maple to release a 300 million dollar capacity pool. The pool will be used to offer secured debt financing to digital asset infrastructure and blue-chip BTC mining companies.
Maple released a string of tweets to inform users about the partnership. The thread also shared keen insights about both platforms’ vision and plans for the future. Maple stated that Icebreaker DeFi is a capable team of banking and capital markets executives.
Today, @IcebreakerDeFi joins Maple and opens a $300M capacity pool to provide secured debt financing to blue-chip Bitcoin mining and digital asset infrastructure companies. pic.twitter.com/ZWyLV2P9hr
— Maple (@maplefinance) September 20, 2022
Their experience in credit and asset finance is crucial for the partnership. Under the leadership of Glyn Jones, Icebreaker can leverage Maple’s efficiency and transparency to improve results for borrowers and lenders.
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The platforms target private and public blue-chip miners with effective power strategies and treasury management. The Icebreaker team will be thoroughly assessing borrowers’ operational and financial positions to release loans with a 12 to 18-month tenor.
The interest rates for these loans will be set between 15% to 20%. In addition, the loans will be completely collateralized by digital and real-world assets with recourse to the borrower. Thus, Maple and Icebreaker will ensure optimal assurance within the ecosystem.
The recently established pool will stay open to reputed investors, while the yield will remain around 13%. The ventures will derive the yield from loan interest payments by digital asset infrastructure and BTC mining firms in Australia, Canada, and North America.
Maple ended the Twitter string with a post that summarizes every bit of information about the collaboration. As an Australian-based business trying to elevate the efficiency of capital markets, Icebreaker Finance uses the cost efficiency and transparency of DeFi.
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On the other hand, Maple stands as an institutional capital network that brings the trillion-dollar capital markets on-chain. Given the use cases proposed by both platforms, their partnership is expected to be of great value to the industry.
