Maple Finance's SYRUP token is gaining significant attention in the DeFi space, especially following its recent listing on Binance.

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๐ŸŒ Overview of Maple Finance and SYRUP

Maple Finance is an institutional DeFi platform that facilitates overcollateralized loans by connecting institutional borrowers with liquidity providers. Launched in 2019, it has facilitated over $5 billion in on-chain private credit .

In November 2024, Maple rebranded its native token from MPL to SYRUP at a 1:100 ratio to enhance its token economy and user experience . SYRUP serves multiple roles within the ecosystem, including governance, staking, and reward mechanisms.

๐Ÿ“ˆ Binance Listing and Market Performance

On May 6, 2025, Binance listed SYRUP for spot trading against USDT and USDC, which led to an immediate 20% price increase . As of now, SYRUP is trading at approximately $0.211, with a market cap of $225.43 million and a 24-hour trading volume of $124.73 million .

๐Ÿ’ก Features and Utility

Governance: SYRUP holders can participate in platform governance decisions.

Staking: Users can stake SYRUP tokens to earn rewards and help protect liquidity pools against losses .

Yield Generation: Through the Syrup platform, users can deposit USDC to earn yields up to 15%, receiving LP tokens (syrupUSDC) and additional rewards in the form of 'Drips' .

๐Ÿ”’ Security and Transparency

Maple Finance emphasizes security, with its smart contracts being open-source and available on GitHub. The platform has 76 repositories detailing their code, ensuring transparency and community trust .

For those interested in exploring SYRUP further, you can visit its trading page on Binance: .