ETH TOKEN
Borrowers: Institutional borrowers create lending pools on the Maple platform, outlining their borrowing terms and risk profiles. Liquidity Providers: Investors provide capital to these lending pools, earning interest on their investment. MPL Token: The MPL token facilitates governance, fee sharing, and insurance staking within the ecosystem.
There's a risk of borrower default, which can lead to losses for lenders. Smart Contract Risk: Like other DeFi protocols, Goldfinch is susceptible to smart contract vulnerabilities. Market Volatility: The value of GFI and other cryptocurrencies can fluctuate, impacting the platform's operations.
ENJ is used to back the value of NFTs minted within the Enjin ecosystem. This means that the total value of NFTs created is always less than or equal to the total value of ENJ in circulation. Utility Token: Beyond backing NFTs, ENJ has other utilities within the Enjin ecosystem, such as governance rights for token holders and potential use in fees for platform services.