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Maple Finance has announced the launch of Syrup, a new protocol designed to unlock institutional yield through secured lending. Syrup combines Maple's established lending infrastructure with the flexibility of decentralized finance (DeFi), allowing users to lend USDC to institutions. The platform promises a 15% yield to DeFi users and introduces a new rewards token, SYRUP, which replaces Maple's previous MPL token. The protocol aims to provide seamless and permissionless access to institutional quality yields. Users can also earn Drips rewards and get early access to the platform.
🥞 @maplefinance launched a new protocol allowing DeFi users to lend USDC to institutions. Syrup Finance allows DeFi users to permissionlessly fund secure loans for institutional borrowers. Maple is also replacing its MPL token with SYRUP. 👀 https://t.co/2AVWmBh6G0
future business class case studies will be written about the execution + focus of @syrupsid @joe_defi & the entire @maplefinance team @syrupfi connects on-chain capital seamlessly and permissionlessly to institutional caliber yields excited to continue to support $MPL $SYR 🥞🥞 https://t.co/4RhadAwxmO
Proud to announce the launch of @syrupfi !! We have been building Maple for 4 years now and making institutional quality yield accessible has always been our vision!! Syrup will be the greatest unlock for DeFi since @ethena_labs enabled the basis trade!! https://t.co/VYp2IXm2eo