According to BlockBeats, on November 1, Decrypt reported that the crypto institutional lending protocol Maple Finance was officially launched on the Base network, which is its third blockchain platform after Ethereum and Solana. The first pool offered on Base is Maple's cash management pool, which currently has an annualized yield of 4.8%, derived from short-term U.S. Treasury bonds. This pool was launched in August and benefited from the high interest rates of U.S. government debt. Joe Flanagan, co-founder of Maple Finance, said that most of the interest in this pool comes from "Web3 project vaults", adding that "more than 50% of deposits" come from this group. Flanagan also revealed that the integration means that Maple will have direct access to thousands of existing and future Coinbase institutional customers. Maple Finance plans to launch at least one new pool on Base by the end of this year.