In today’s briefing:
- Block Inc.: Inside the Borrow Platform’s Surge to 6 Million Users & What’s Next!
- Maple Finance (SYRUP) – Underwritten and Collateralised DeFi Lending on Ethereum.
Block Inc.: Inside the Borrow Platform’s Surge to 6 Million Users & What’s Next!
- Block, Inc.’s latest earnings report for the second quarter of 2025 provided key insights into the company’s ongoing strategies, progress, and operational challenges.
- Showing signs of a return to growth mode, the company reported a gross profit of $2.5 billion, up 14% year-over-year, and an adjusted operating income of $550 million, reflecting a 38% increase.
- This indicates an expansion in margins to a new peak of 22%.
Maple Finance (SYRUP) – Underwritten and Collateralised DeFi Lending on Ethereum.
- Maple is establishing itself one of the largest on-chain credit venues, with deposits locked in at $2.1 bn and US$1.24 bn lent.
- Pool delegates have skin in the game and underwriting lets pre-qualified trading firms borrow at 30-80 % lower collateral ratios than market while keeping lenders senior and over-collateralised.
- Pool delegates in a ramp phase to build client books. Structured credit structures are planned.
💡 Before it’s here, it’s on Smartkarma
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