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Maple Finance

Maple Finance is a decentralized finance platform specializing in on-chain asset management and institutional lending, offering stablecoin products like syrupUSDC.

Founded2019
CEOSidney Powell
StagePrivate
FoundersSidney Powell, Joe Flanagan
Websitemaple.finance ↗
X@maplefinance ↗
LinkedInmaplefinance ↗
GitHub@maple-labs ↗

Products

syrupUSDC active $1.3B
syrupUSDC
Crypto Backed

syrupUSDC is a yield-bearing stablecoin by Maple Finance, backed by overcollateralized loans and deployed on multiple blockchain networks.

Maple Finance is a decentralized finance (DeFi) platform founded in 2019, with its protocol launching on Ethereum mainnet in 2021. It focuses on on-chain asset management and institutional lending and is known for its stablecoin products such as syrupUSDC and syrupUSDT.

Funding

RoundAmountYear
Seed$1M2021
Strategic$5M2023

Frequently Asked Questions

What is syrupUSDC from Maple Finance?
syrupUSDC is Maple's yield-bearing USDC token that gives users exposure to returns from Maple's lending platform. Maple describes the product as institutional-quality yield in a liquid asset, with lending sourced from overcollateralized institutional loans.
How does syrupUSDC earn yield?
Maple says syrupUSDC yield is generated by its digital-asset lending platform, which provides fixed-rate, overcollateralized loans to institutional borrowers. As borrowers pay interest, syrupUSDC is designed to accrue value against USDC rather than paying a separate coupon in cash.
Who founded Maple Finance?
Maple Finance was co-founded by Sidney Powell and Joe Flanagan, with Powell listed by Maple as Co-Founder and CEO and Flanagan as Co-Founder and Executive Chairman. External conference profiles state that the two founded Maple in 2019.
Is syrupUSDC a normal stablecoin?
syrupUSDC is better understood as a yield-bearing receipt token linked to USDC lending strategies, not a fiat issuer token redeemable at par by a bank-like issuer. Maple distinguishes SYRUP, its governance token, from syrupUSDC and syrupUSDT, which it calls yield-bearing dollars.

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