Holland-headquartered crypto investment entity Maven 11 has reportedly rolled out its third lending pool based on Maple Finance, offering liquidity features to borrowers during bearish actions across the market.

Specifically, the $30 million pool reportedly received the financial support from institutional lenders, which will be dedicated to trading establishments that include Wintermute, Auros and Flow Traders, among others. 

The new pool is reportedly built with a primary goal of catering to “institutions looking for yield opportunities,” the firm further revealed.

Maple, a decentralized finance credit platform, is reportedly working to become a replacement of top-tier centralized finance (CeFi) firms like Celsius. Liquidity constraints created by the fall of Terra (Luna) – now known as Terra Classic (LUNC) – and its consequent contagion impacts which caused borrowers to find new credit opportunities from within DeFi.

Upon its introduction last year, Maple Finance reportedly boasts an issuance rate of over $1.5 billion in cumulative loans, with overall deposits recorded crossing the $635 million benchmark at the time of writing. 

At the moment, the protocol holds more than $58 million in overall value locked (TVL) , per DefiLlama. The vast majority of TVL comes from Ethereum, though Maple did widen its scope to cover Solana in April 2022.

Maven 11 reportedly also functions a successful venture division, being able to reel in raised $160 million of capital injection via cumulative fundraising last year, to financially support up-and-coming initiatives throughout the DeFi and Web3 spheres.

A few nominal voices from within the crypto sector share a belief that DeFi’s ramp-up for mass adoption will receive the backing of institutions. During the Blockchain Futurist Conference in Toronto, Ripple Labs executive Boris Alergant claimed that the DeFi scene still needs to build the next “killer app” to satisfy the masses’ appetite, with Institutions still assuming a crucial part via providing exposure to DeFi offerings.