• $SYRUP, Maple Finance’s token, grew by about 17% in 24 hours.

  • Maple Finance is a leading DeFi platform for institutional lending.

  • With over $5 billion in loans and a TVL of $546 million.

  • $SYRUP enables governance and staking, with rewards like 9% APY in the first 90 days post-launch.

Maple Finance is a decentralized finance (DeFi) platform designed specifically for institutional lending. It offers a marketplace where accredited investors and institutions can earn yield on their digital assets through fixed-rate, overcollateralized loans.

The platform has facilitated over $5 billion in onchain private credit and boasts a total value locked (TVL) of over $546 million, with 700 active institutional lenders and more than 85 institutional borrowers. Its use of blockchain technology ensures transactions are fast, secure, and transparent, making it a trusted name in the space.

Founded in 2019 by former investment bank and credit professionals, has positioned itself as “DeFi’s Institutional Lender.”

The $SYRUP Token

$SYRUP, launched on November 13, 2024, replaced the older MPL token at a 1:100 conversion ratio, allowing MPL holders to migrate seamlessly. It serves as the governance token for both Maple Finance and Syrup.Fi, enabling holders to stake their tokens as stSYRUP for ecosystem growth and rewards.

The staking mechanism is designed to reward long-term holders, with the first 90 days post-launch distributing 5,000,000 SYRUP to stakers, assuming about 1/4 of the circulating supply is staked, offering approximately 9% APY.

Rewards come from scheduled supply increases and token buybacks, with conversion processes available at Syrup.fi/convert for one-click staking or exchange-specific options. This structure incentivizes participation and aligns token holders with the platform’s growth.

Syrup.Fi: Democratizing Institutional Yield

Syrup.Fi, Maple’s permissionless yield protocol, targets a DeFi-native audience, offering access to yields from fixed-rate, overcollateralized term loans to leading crypto-native institutions without KYC requirements.

Users can deposit assets like USDC and earn “Drips,” which can be converted to $SYRUP in phases, with claiming starting December 15, 2024. Boosted Drip rewards are available with 3-month (1.5x multiplier) or 6-month (3x multiplier) capital commitments, enhancing yield potential.

Collateral is verifiable onchain in real-time via the Syrup webapp, ensuring transparency and security. This model bridges the gap between institutional and retail DeFi, making high-yield opportunities accessible to a broader audience.

17% Surge

The reported 17% increase in $SYRUP’s value over 24 hours, aligns with recent market data. Current price data from CoinMarketCap indicates $SYRUP at $0.1441, with a 24-hour low of $0.1301 and high of $0.1536, and a trading volume of $11 million. This surge could be driven by increased adoption, as Maple’s TVL grew by more than 6X in the last year, or broader market sentiment favoring DeFi solutions.

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