Odaily Planet Daily News According to official news, institutional lending protocol Maple Finance’s revenue in the fourth quarter of 2022 totaled US$310,092, and its actual expenditure was US$3,572,729, exceeding the budget by 26%. The total budget for Q1 in 2023 is US$1.2 million, with team expenses still accounting for the majority of the amount. Affected by the FTX bankruptcy, Maple's total active liquidity decreased from $326 million in the third quarter to $87 million in loans through 23 new loans in the fourth quarter, down from $262 million in loans across 35 transactions in the third quarter. In the fourth quarter, revenue dropped by 82% to US$58 million. Maple launched in May 2021 with cumulative revenue of $5,031,463.75 and total spend of $12,106,989. The net loss from the agreement is $7,075,525. As of the end of the fourth quarter of 2022, Maple Treasury held a total of $6.1 million in stablecoins. Maple has released version 2.0 of Maple on December 29, 2022, which is a new smart contract architecture that can more efficiently deliver the iterative development of new features, loan structures, and strategies. Based on Maple 2.0, Maple proposes three strategic focus areas for 2023, including diversifying lending opportunities, attracting new and reputable representatives to join the platform, and building cutting-edge digital asset technology on Ethereum.