billy

2016-18 survivor - unwind de peg survivor, YouTube and X financial advice survivor

[Emperor Osmo 🐂 🎯 @Flowslikeosmo]

It’s been a while since I last talked about @maplefinance.

Since then, the business has continued to grow while the token has stalled.

$1.93B loan book to the $SYRUP token at $162M, -78% for the year.

The market has clearly written them off. A similar event happened in 2022 when the Maple team was written off.

Fast forward to today with a new model, and the loan book looks significantly healthier at $1.93B, with 82.9% utilization.

Maple also generates $12.8M in annualized protocol revenue through management and service fees, separate from the interest flowing to lenders.

25% of that revenue is allocated to return to $SYRUP via discretionary buybacks.

That's $2.86M annualized against a $162M market cap, and the mechanism has been live since November.

Now compare that to the lending peer set:

$MORPHO trades at a $1.17B market cap with $0 in protocol revenue.
(Morpho trades at 7.2x Maple’s mktcap)

$KMNO at $97M and $FLUID at $68M both trade near Maple on P/S, at 13.7x and 15.3x respectively, but neither has an active buyback mechanism.

$SYRUP is trading at 14.2x P/S with:

- A $1.93B loan book
- 82.9% utilization
- Discretionary SYRUP buybacks
- @krakenfx OTC as a new borrower pipeline
- syrupUSDT now used as collateral inside one of DeFi’s deepest lending markets

The fundamentals really make the valuation harder to ignore down here.

The main point here is that Maple is running a $1.93B credit book while the market is still pricing it like its 2022 version.

[Maple @maplefinance]

March was a big month for Maple.

- Over $440M in net new deposits
- syrupUSDC & syrupUSDT hit new supply ATHs
- Cross-chain expansion continues

[billy @cryptopowerfish]

Not sure if anyone seen one of the latest interviews with @milesdeutscher and @Matt_Hougan but you should watch it for some in sight into the defi market @maplefinance @syrupsid positioned exquisitely don’t fade this opportunity! If you know you know….

[GLC @GLC_Research]

$SYRUP & @maplefinance all over the timeline 👀

GLC is the research hub for Maple, we probably are the most reliable source of information for $SYRUP

If you want to learn more, check out our website.

https://t.co/5WuVWRJm8X

[defizard @belizardd]

I just discovered that on October 10th, when over $19 billion was wiped out, @maplefinance recorded zero losses, zero liquidations, and maintained uninterrupted performance across all products.

$SYRUP even managed to recover fully from the downturn and beyond. TVL, fees, and revenue are at all-time highs.

Probably means something.

[Stani @StaniKulechov]

Aave and Maple are about to scale DeFi.

[DeFiConnoisseur @DeFiConnoisseur]

Yes to @maplefinance

[Sid Powell 🥞 @syrupsid]

Every time a high-volatility event occurs the @maplefinance does a post-mortem to identify the lessons and where to improve.

Each time, Maple's performance gets a little better.

On Oct 10th all margin calls were cured in under 3 hours with no liquidations.

[billy @cryptopowerfish]

Wooord!!

[Dirτy Waτer Degen e/acc/dd 🟧 @DirtyWaterDegen]

$SYRUP CANNOT BE IGNORED

[Maple @maplefinance]

On October 10th, crypto saw over $19B in liquidations.

Maple recorded zero losses, zero liquidations, and uninterrupted performance across all products.

[Route 2 FI @Route2FI]

Ironically, owning altcoins right now is much lower risk than 2 days ago. But most people believe the opposite.

[Maple @maplefinance]

Maple is not impacted by the market volatility. All loans remain overcollateralized.

[billy @cryptopowerfish]

@CryptoHayes Is this what michael Jackson did to turn white?

[Mayne @Tradermayne]

I think $BTC is in one of these circled areas.

Yes we could pullback a little more.

We could chop around a bit.

But the breakout is coming and many people will be left sidelined trying to time the exact bottom.

[Maple @maplefinance]

Maple’s institutional products continue to expand to new chains.

We have issued the first loan backed by ETH on @LineaBuild

[billy @cryptopowerfish]

Some people say 20% buy backs stabilise the price of $SYRUP not make it go
Up, but eventually that TVL rising rapidly will make price catch up @maplefinance is one to watch and the Inherent value will only increase from here

[RWA_Guru @RWA_Guru]

$SYRUP just printed another all-time high revenue in September.

With 25% of revenue going to buybacks, October stakers are about to feast.

[CrediBULL Crypto @CredibleCrypto]

The exchange rate for $crvUSD to wrapped $BTC on @CurveFinance is now better than the exchange rate for $USDC to wrapped $BTC on Uniswap.

Curve it baby curve it 🕺

$CRV

[Injective 🥷 @injective]

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