Maple Finance (SYRUP)
Maple Overview
Maple Finance is a digital asset lending platform founded in 2019 by a group of former investment bank and credit professionals. Maple Finance has an institutional lending focus with industry-standard compliance and due diligence for all borrowers and lenders, providing a transparent and frictionless lending experience.
Maple is the gateway for institutions to access on-chain credit. Most borrowers are institutions in the digital asset space and are subject to credit underwriting and risk assessments from Maple’s in-house credit team. After lenders/borrowers complete Maple’s diligence process, they are added to Maple’s allow-list and can use Maple’s pools freely. Interest rates and loan terms are determined by Maple’s credit team, and they offer a variety of different lending products with various risk profiles and target yields.
In order to lend on Maple, users must be accredited investors. Maple has recognized that accredited investor requirements limit many DeFi users’ ability to access institutional lending yield and has addressed the issue with the launch of Syrup, which opens up permissionless lending for DeFi users.
Investors can now deposit USDT or USDC into Syrup’s pools, which are routed through a blend of Maple’s Blue Chi...Reports you may have missed
CRYPTO MARKET UPDATE RATES MOVED HIGHER ON A HOTTER-THAN-EXPECTED NFP NUMBER, WITH A TOTAL OF 272K JOBS VERSUS THE FORECASTED 185K AND WELL ABOVE LAST MONTH'S 165K. However, unemployment rose to 4% from 3.9%, slightly above the expected 3.9%. The DXY increased to 104.8 from just above 104.1, and the US 10Y moved back above 4.4%. Major equity indices are higher after selling off premarket, and crypto appears to be...
CRYPTO MARKET UPDATE RISK ASSETS ARE EXPERIENCING A BROAD RALLY TODAY, SUPPORTED BY RELATIVELY CONSTRUCTIVE MACRO DATA. The significant data point released today was the ISM Services PMI, which came in at 53.8, an expansionary figure above the expected 50.8, and well above the prior month's 49.4. Importantly, prices paid came in at 58.1, below the expected 59, which is a positive sign from an inflation perspective. As expected, the...
FIGURE: PEPE TRYING TO GET AN UNCOLLATERALIZED LOAN ZERO-TO-ONE (Z2O) SERIES Given the decentralization and transparency benefits of blockchains, many have pointed to DeFi as crypto’s ‘killer use case.’ After all, finance today is built along opaque and slower traditional finance rails ripe for disruption by distributed ledger technology. Sobering up from the highs of the bull market of ‘21, however, DeFi advocates are now left wondering: ‘How much of...
