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What Is Maple Finance?

Maple Finance (ticker SYRUP) is a decentralized finance protocol focused on institutional-grade lending and onchain asset management. It connects lenders who want yield on stablecoins with vetted, creditworthy borrowers such as trading firms and institutions, bridging traditional debt-capital-markets practices with DeFi. Maple positions itself as a leader in onchain asset management.

Maple was co-founded by Sidney Powell, who serves as CEO, alongside Joe Flanagan and a founding team with backgrounds in debt capital markets and institutional banking. The protocol launched in 2021 and has originated billions of dollars in loans since. Unlike anonymous peer-to-peer lending, Maple runs managed lending pools where professional credit teams underwrite borrowers, set terms, and manage risk, with loans typically backed by collateral such as Bitcoin, Ether, or other liquid assets.

The protocol's flagship retail-facing product is syrupUSDC (and a USDT equivalent), offered through Syrup, Maple's permissionless lending front end. Lenders deposit stablecoins and receive a yield-bearing token that represents their share of a diversified pool of overcollateralized institutional loans. That token can then be used elsewhere in DeFi, for example as collateral or in liquidity pools, while it continues to earn yield.

On the institutional side, Maple offers products such as fixed-rate lending, a high-yield secured pool, and a Bitcoin-backed lending product aimed at corporate treasuries and asset managers. The protocol emphasizes transparency, with loan terms, collateral, and pool performance visible onchain.

SYRUP is Maple's native governance and staking token. Holders can stake SYRUP to receive stSYRUP, which earns protocol rewards and additional incentives, and to participate in governance decisions about the protocol's direction. A share of protocol revenue is directed toward buying back SYRUP, linking the token to the platform's lending activity.

SYRUP replaced Maple's original token, MPL, through a migration announced in 2024. MPL holders could convert to SYRUP at a fixed rate of 1 MPL to 100 SYRUP, with the main conversion program running into 2025. The move was designed to broaden token distribution, fund growth incentives, and better align the token with the protocol's expanding lending business.

Getting Started With Maple Finance

Getting started with Maple usually means lending stablecoins to earn yield, or holding SYRUP:

  1. Step 1: Set up an Ethereum wallet such as MetaMask or Rabby.
  2. Step 2: Fund it with USDC or another supported stablecoin.
  3. Step 3: Connect to the Maple app and deposit into a lending pool to receive a yield-bearing token like syrupUSDC.
  4. Step 4: To take part in governance, acquire SYRUP, then stake it for stSYRUP to earn rewards and vote.

How to Get a Maple Finance Wallet?

SYRUP and Maple's lending products are on Ethereum (with availability on additional networks such as Solana for some products), so a standard EVM wallet works for the core protocol.

MetaMask

MetaMask is the most widely used Ethereum wallet and connects directly to the Maple app for lending and to hold SYRUP.

Rabby

Rabby is a DeFi-focused wallet with clear transaction previews, which is helpful when depositing into pools or staking SYRUP.

Hardware Wallets

A Ledger device can be paired with MetaMask or Rabby to keep your private keys offline, which is recommended for larger holdings.

Maple Finance Resources

How to Buy Maple Finance?

SYRUP can be bought on both centralized and decentralized exchanges.

Centralized Exchanges

SYRUP is listed on exchanges including Binance, Coinbase, Kraken, Bybit, and Gate, typically traded against USD or USDT.

Decentralized Exchanges

SYRUP is an ERC-20 token and can be bought on Ethereum decentralized exchanges such as Uniswap by connecting a wallet and swapping from ETH or a stablecoin.

Latest Maple Finance News

Maple's recent growth has centered on tokenized private credit and institutional yield. Total value locked across its lending products has climbed as more institutions and DeFi users seek onchain yield backed by real loans, and the protocol has expanded its product range, including Bitcoin-backed lending and stablecoin yield products that plug into the wider DeFi ecosystem.

The completed MPL to SYRUP migration and the introduction of staking and buybacks have reshaped the token's role. Because total value locked, yields, and tokenomics parameters change over time, the official website, documentation, and Insights blog are the best sources for the current state of the protocol.