Uncollateralized lender Maple Finance has updated its protocol to a second version aimed at opening up the lending platform to a wider range of institutional borrowers, including those from outside the crypto industry. 

With the new update, called Maple 2.0, the team hopes to reduce the risks associated with its services that arise from sector concentration. Currently, most of the lending activity on Maple involves crypto firms and market makers in the digital assets space, which Maple said exposed the protocol to contagion risk from the fallout related to the collapse of the FTX exchange. 

(by Vishal Chawla)