On August 9, 2023, Maple Finance announced the opening of its Cash Management Solution to U.S. domiciled Accredited Investors and Entities, operating with a Reg D exemption. This development allows these investors to access a conservative yield backed by U.S. Treasury bills on-chain.
Since the pool’s initial launch to non-U.S. customers in April, over $27 million USDC has been deposited into the Cash Management USDC pool, returning an average yield of 4.67% to lenders. The pool targets a net APY of the current 1-month U.S. Treasury bill rate, less fees totaling 0.5% annualized.
The Cash Management Pool is designed to serve as a highly liquid treasury management solution for Web3 treasuries, digital asset funds, and DAOs. It offers direct access to U.S. Treasury Bill rates on-chain, without ETF liquidity or depeg risks, and no inbound or outbound fees. This has led to nearly 60% of lenders increasing their positions, with an average…
