Maple conducts first unsecured loan raise, providing DAO with 15,000 DAI annualized 14%

Cryptocurrency bond platform Maple Finance will conduct the first unsecured loan, raise 15,000 DAI to support BrightID’s decentralized autonomous organization BMAIN DAO, and also provide 14% annualized income for fund lenders. BMAIN DAO said that The loan funds will be used to purchase “subscription tokens”. BrightID is a social identity network. Beta versions are available on Android and iOS platforms. The repayment method of this loan product is the 12-month equal principal repayment, that is, the lender BMAIN DAO will repay the principal and interest every month for the next 12 months, and the first month will be repaid by 1595.21 DAI , In order of decreasing, the last month will be repaid 1264.38 DAI. Philip Silva of BrightID said, “We are excited to work with Maple to prove that a Decentralized Autonomous Organization (DAO) can be a good lender. We hope and believe that access to debt will become a common practice that can accelerate many The growth and success of DAO. “