Nexus Mutual to Invest $29 Million of Treasury Funds into Maple Finance

The Nexus Mutual DAO has voted in favor of allocating 15,348 $ETH (about $29 million), from the Nexus Mutual’s capital pool to earn yield on Maple Finance. The reason for this investment is to enable Nexus Mutual to earn yield on its $ETH holdings. According to the proposal document, only 20% of $ETH in its capital pool is earning interest for Nexus Mutual.