Protocol Actors

This page outlines all of the different actors in the Maple protocol and gives a short description of each of their roles.

Pool Delegate

A Pool Delegate is an address used to administer a pool. The Pool Delegate address configures pool parameters, manages strategies, and performs loan administration as permitted by protocol roles.

Liquidity Provider

Liquidity Providers (LPs) add capital to the Pools to be used to fund strategies. LPs are lenders that want to earn yield on their capital by allowing Maple Direct to underwrite strategies and earn interest. LPs earn interest by holding ERC-4626 compliant LP tokens representing their share in the pool, which appreciates in value over time as interest is earned. LPs can choose which Pool they want to deposit their capital in based on multiple factors, such as the historical performance and underlying collateral.

Borrowers

The primary Maple strategies are loans for institutions (borrowers) that want to borrow capital from the Maple protocol. After agreeing terms with Maple, a Pool Delegate address can fund the loan with funds available in the pool.

Governor

The Governor is the on‑chain GovernorTimelock contract, which is managed by a multisig (and other designated roles). It administers protocol‑level configuration (e.g., MapleTreasury, Globals parameters, pause controls). Governor‑privileged transactions execute via the timelock with a schedule → delay → execution window. Administrative changes are proposed and queued, then executed only after the configured delay within a bounded window.

Security Admin

A Security Admin is an account that has the ability to call the emergency pause function that can pause every function in the protocol. This is only to be used in the case of critical incident response, during which action must be taken to prevent and/or stop damage from occurring to the protocol.

Operational Admin

The Operational Admin is endowed with the authority to execute a subset of operational functions essential for the routine management of the protocol. It possesses limited powers compared to the Governor, ensuring a balance between operational efficiency and security.