In a previous iteration, assets in the default protection fund were a combination of USDC stablecoin and MPL tokens, and investors could stake their MPL tokens to earn rewards for contributing to the first-loss capital. In practice, stakers withdrew and dumped MPL when a default was looming, resulting in depleted funds to absorb losses.

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• Source: https://www.coindesk.com/markets/2022/12/14/crypto-lending-platform-maple-finance-unveils-major-overhaul-stops-lending-on-solana/?utm_medium=referral&utm_source=rss&utm_campaign=headlines