What is the use of MPL coin?

MPL, an Ethereum-based token, serves as the cornerstone of Maple, a revolutionary protocol designed to revolutionize lending practices for institutional borrowers. This innovative system allows for undercollateralized loans, breaking traditional barriers and opening up new avenues for financial transactions.

The MPL token plays a pivotal role in the governance of the Maple protocol. Holders of MPL can actively participate in shaping the future of the platform by voting on proposals and decisions that impact its operations and development. This democratic approach ensures that the protocol remains aligned with the needs and aspirations of its community.

Beyond governance, MPL also offers holders the opportunity to earn fees. As the protocol grows and more loans are facilitated, a portion of the transaction fees generated are distributed to MPL token holders, providing a passive income stream for those who support the ecosystem.

Furthermore, MPL can be staked to lending pools within the Maple protocol. This process involves locking up a certain amount of MPL tokens in exchange for rewards and increased influence within the lending pools. Staking not only contributes to the security and stability of the protocol but also rewards participants for their commitment to the ecosystem.

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