Credit · SYRUP
Maple Finance runs onchain lending pools to vetted borrowers (institutions, funds and businesses), closer to a blockchain-based credit marketplace than open overcollateralized DeFi lending.
Onchain institutional / private credit.
Protocol TVL
Latest data
Users
Depositors
Supply APY
Market cap
Latest data
Coins under Maple Finance
Member products
On-chain + off-chain aggregates across member coins
Protocol TVLDeFi Llama
$2.92B
Member mcap totalCoinGecko
$176.2M
Weighted 24h moveMcap-weighted
-1.6%
−$2.8M implied
Fees · 24hDeFi Llama
$417.9K
Revenue · 24hDeFi Llama
$48.7K
Protocol TVL · 30ddefillama
Click a row for live on-chain + market data
Showing 3 of 4 coins
Consistent cross-network snapshot · synced 13h ago
Price
Token market (secondary)
TVL by chain
Maple runs institutional onchain credit, originating loans to institutional borrowers and packaging the resulting cashflows for lenders. Its current flagship products, syrupUSDC and syrupUSDT, provide access to "fixed-rate, overcollateralized loans to institutional borrowers", with automatic margin calls and a dynamic instant liquidity buffer (Maple docs, syrup FAQ, Maple, built for scale). Loans are governed by Master Lending Agreements with collateral posted against each one, and Maple is explicit that "each loan is subject to the risk of default and could lead to potential losses for Lenders" (Maple docs, syrup risks). This is the only entity in this set with genuine counterparty credit risk, and it has already realised one: the December 2022 Orthogonal Trading default on $36m of permissioned pool loans (The Block). Maple also runs a US-facing Cash Management product under a Reg D exemption for accredited investors, investing in T-bills and reverse repos via StoneX (Maple, Cash Management).
