✨What is SYRUP token? Maple Finance Lending Platform
👉 Maple Finance is a decentralized finance (DeFi) lending platform for institutions. The project aims to improve the traditional capital market by combining industry-standard compliance with transparent, seamless lending using blockchain and smart contracts.
🥇 All loans from Maple and Syrup pools are fully backed by selected crypto assets, which undergo a risk assessment process. Borrowing institutions must undergo a rigorous credit assessment process and comply with KYC or AML standards.
🌟On November 15, the TVL on the platform increased to over $589 million, with over $5 billion in loans issued and over $62.7 million in interest paid to liquidity providers.
🌱Maple raised $5 million from investors including BlockTower Capital and Framework Ventures. In 2021, the project closed a $1.4 million seed round led by Polychain Capital.
⏩ Tokenomic
ℹ️Token Name: Maple Finance
ℹ️Symbol: SYRUP
ℹ️Blockchain: Ethereum
ℹ️Total Supply: 1,154,930,098 SYRUP
📊Investors can trade tokens on UniSwap, Gate, BitMart...
⏰Syrup is a permissionless yield protocol powered by Maple Finance for DeFi users. By depositing funds into the protocol, users can access yields from fixed-rate, collateralized term loans for institutions.
❌In just four months of launch, Syrup has rapidly expanded to nearly $300 million TVL with a 20% APY and provides direct access to Maple's institutional lending system in DeFi.