Since the launch of $syrupUSDG, I have been keeping an eye on TVL of all three products from Maple.
↗USDC is now over $2.5bn ↗USDT is approaching $1bn ↗USDG is now over $250m (in a few weeks)
Combined, $3.75bn in TVL. This makes them the second largest Dollar Yielding Asset provider in the world behind SkyEcosystem.
Why the growth in a bear market? Yield. Real, sustainable yield. A product suite which is sentiment agnostic and sources yield from outside the ecosystem.
What next? Expect more Robinhood style integrations, expect more incoming loans, expect the new $BTC yield product.
syrupUSDG by @Maple Finance Official is now available as collateral on the Aave V4 Global Dollar Hub. Users can borrow $USDG against it.
Opinion: The expansion to $SYRUP USDG was strategically important for Maple Finance to expand beyond simply USDC and USDT, it set a benchmark for onboarding a new chain (Robinhood) and a new stablecoin $USDG.