Maple Finance and EtherFi Launch Institutional Loans Backed by weETH - Unchained

2025-07-01 06:40:53

Decentralized finance platform Maple Finance has integrated EtherFi’s weETH as collateral for its on-chain institutional lending platform

The integration enables qualified borrowers to access USDC loans backed by weETH, EtherFi’s restaked Ethereum token, while continuing to earn ETHFI incentives.

The integration comes with a 2% APY rebate in ETHFI on the first $50 million in loans.

This story is an excerpt from the Unchained Daily newsletter.

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weETH is one of the most widely used restaked assets in DeFi, with over $5.3 billion in circulation and about 75% already used as collateral in major protocols like Aave.

“As staking continues to mature, we’re seeing restaked assets like weETH take on a more central role in how institutional capital allocates onchain,” said Maple cofounder and CEO Sid Powell in a statement

“This integration reflects our long-term view that staking is not just a yield source, but a foundation for the next generation of collateral and credit markets.”

WEETH-0.23%

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