During yesterday’s crypto market volatility, Maple Finance’s syrupUSDC & syrupUSDT pools remained fully healthy and overcollateralized.
Key updates:
•All redemption requests were processed immediately without delay.
•Asset price maintained at NAV, with no depegging in secondary markets.
•No liquidations were needed throughout the stress period.
•We issued 9 margin calls to our institutional borrowers, all met within less than 3 hours.
Maple Finance continues delivering secure, reliable yield and stability to our community in all market conditions.
BIG milestone, incredibly proud of the team and execution required to get here
syrupUSD was a whiteboard sketch in March 2024 and 18 months later has crossed $1B in deposits
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I love this product. It's what DeFi is all about.
Institutional grade yield strategies that were previously only accessible for a small set of large players, now available for everyone.
Liquid, composable and permissionless.
No surprise its been popular!
In May last year, YBS paid out $20.68M.
By contrast, this May, the total climbed to $37.88.
This represents a 83.16% May to May increase.
Top performers in May:
• @ethena sUSDe – $14.71M
• @SkyEcosystem sUSDS – $8.36M
• @maplefinance SyrupUSDC – $2.45M
Had a blast speaking with @MapleLeafCap on @bidclubio about @maplefinance resurgence and plans to hit $4b AUM by EOY.
- Why the entry of Cantor is a watershed moment for onchain asset management
- How Maple scales the borrower side
- Rise of BTC Yield products
Big moment for the space. Proud to see @maplefinance powering institutional-scale lending with @cantorfitzgerld — bringing crypto credit markets to the next level.
The message in this video is really important.
Traditional financial risks being disrupted by open, permission-less systems.
Bitcoin is already doing it to gold and other store of value assets.
It is coming to all assets and markets. Technologists are assaulting Wall Street with superior technology.
There will likely be multiple winners, from both the new and old winner, but my understanding is @maplefinance already has $2B in AUM.
Using technology to increase access, security, transparency, and liquidity should be a big net positive to the market.
I would continue watching this space as it develops.
Put your Bitcoin to work today with @maplefinance x Core. 🥞 🔶
No wrapping. No rehypothecation.
Just Bitcoin, earning more Bitcoin.
Interest form linked below. 📩 👇
1 year ago today, Core set the standard for Bitcoin yield:
• Fully self-custodial
• Real rewards given out daily
• No principal risk to BTC
This past year has been all about building around that foundation.
This year is about scaling 🔥
ONE BILLION DOLLARS now under management by @maplefinance.
The most underrated element of this headline is the comeback story for me. I was here with the team in Jan 2023 when we had to restart from scratch. No active products. Crypto lending market in tatters. Industry caving in on itself.
It was an exercise in resilience for all of us.
New business model. Nights. weekends, 1000s of emails, relentless grind from everyone. Building through the bear, step by step.
Never compromising on the core values of transparency & doing things the right way.
I could not be more proud to be a part of such an incredible team. This is just the first billion.
Wait till you see what comes next
🥞 🧡