While DeFi lending contracted ~29% this year, Mapleโs loan book grew 3% and its share of DeFi loans outstanding reached 17%. September monthly revenue crossed $1.5M.โ
First full quarter of rules-based SYRUP buybacks under MIP-021: โข Jul: $1.37M rev โ 0.85M SYRUP (10%) โข Aug: $1.47M โ 0.68M (10%) โข Sep: $1.57M โ 1.37M (20%) Q3 total: 2.9M $SYRUP These are protocol buybacks, not dividends or guaranteed returns.โ
syrupUSDC yielded 5.0% and syrupUSDT 4.4% over the past 30 days averaging ~126 bps above major peers tracked (up from 110 bps last quarter). Yield comes from interest paid by institutional borrowers Maple underwrites (variable, not guaranteed).โ
Q3 product highlights: โข syrupUSDG live on Arbitrum, Ink, and Solana โข syrupUSDC launched on Arc (day-one) โข New allocation strategies with separate risk limits โข Robinhood Earn passed $136M
Growth focus: distribution partners + new credit strategies (fintech receivables, rated securities), all under the same underwriting standards.โ X
Henri Arslanian (fireside with Sid): institutional adoption is still held back by career risk on investment committees it recedes only with time and broader adoption.
Replay of the call and details on the next AMA (Nov 11) are available via Mapleโs official channels.โ
A thank you to all the CW Community Award winners. You all have a small bag of $ONDO waiting for you on Binance! Paying the awards on Binance through chat makes this a 2 minute process. Easy.
Community > Everything.
From tough @Maple Finance Official questions, to moderating chat, to interacting on our livestreams, we see you.
Another healthy month for revenue, exceeding $1.5m for the first time since April 2026.
May $1.22m Jun $1.29m 5.74% Jul $1.37m 6.2% Aug $1.47m 7.3% Sep $1.57m 6.8%
$SYRUP was 17.3c at the end of August and closed September at 22.4c, a 29.5% increase. The 2026 low was 12.1c in June, when the market bottomed. Big things are coming in Q4 2026, with a rebrand and the three new investment strategies.
Mapleโs Brand Is Evolving: Onchain Capital, Activated
@Maple Finance Official โs brand is evolving, starting this week. The idea behind it is simple: capital should be activated.
Capital matters because of what it makes possible. When a business can borrow, it hires, buys inventory, and opens new markets. When a dollar in a banking app earns yield, itโs because a business somewhere is paying interest on the capital behind it.
Too much of the worldโs capital is still held back. Credit can take months to arrange, depends on where youโre based, and often sits in systems nobody outside the lender can check.
Sid Powell and Joe Flanagan founded Maple in 2019 to change that. Traditional finance managed risk well but disclosed very little. Crypto put every transaction on a public record, but lending often lacked credit discipline. Maple was built to do both: institutional underwriting, onchain.
The mission and the business model havenโt changed. The scale has. Since the end of 2023, Mapleโs AUM has grown from about $85M to $4.8B. The protocol has originated more than $20B, lent to 150+ businesses, and distributed more than $100M in yield to lenders. Traditional finance, crypto, and fintech are converging into one market. Maple is native to where they meet and that has always been the plan.
The business is now outgrowing the brand that described it. The logo and Maple orange stay. This week youโll see the first of the evolved branding, with more rolling out every month through year-end.
Capital should be activated. Thatโs what Maple does every day. Now the brand says so too.