🚀Maple Finance, the crypto lending firm, has launched its Syrup platform and rewards token, aiming to sweeten the DeFi space with 15% yields from fully collateralized loans.🍁
🍯Syrup promises to bridge the gap between institutional-friendly yield-bearing digital assets and the DeFi world. Deposit Circle’s USDC stablecoin, get LP tokens (syrupUSDC), and enjoy additional yield in the form of “Drips,” a loyalty payment from using the SYRUP rewards token.🎁
🔄MPL holders, get ready to migrate to the SYRUP token on a one-for-one basis.🔄
🛡️Maple has survived the bear market storms due to its buttoned-up approach, offering permission-only deposits from accredited investors with full KYC checks. This allows them to serve larger regulation-conscious institutions in the U.S.🇺🇸
🌐"We want to maintain that institutional focus, but also ensure we're staying close to our DeFi roots,” says Maple co-founder Joe Flanagan.🌳
👇What do you think about this sweet deal? Share your thoughts in the comments!👇 #DeFi #CryptoLending #MapleFinance #Syrup