Syrup is a lending tool built on Maple Finance that gives you direct access to Maple's high-yield digital lending pools. With a user-friendly interface and smart contract system, Syrup lets you invest securely in dedicated credit pools that are separate from Maple's main funds.
Description
Here’s how it works:
- Lending and Rewards: Syrup provides 3- or 6-month lending commitments to help manage liquidity. When you lend, you’ll earn “Drips” rewards that will soon convert to SYRUP tokens. Rewards are seasonal, so early adopters get more earning chances.
- Smart Contract and Transparency: Syrup relies on Maple’s smart contracts to manage and monitor loans in real time. All loans are given to reliable, collateral-backed institutions focused on crypto. You can manage your account, check deposits, and track rewards through a connected wallet.
- Compliance and Governance: Syrup follows strict compliance, including geo-blocking and anti-money laundering (AML) rules. Governance uses the SYRUP token, which unifies Maple and Syrup. Maple (MPL) token holders will be able to convert their MPL to SYRUP at a 1:100 ratio.
- Efficient Liquidity Management: Deposits and withdrawals are processed quickly, with a first-in, first-out queue for withdrawals. Lenders can still earn interest until funds are accessible, usually within hours.
In summary, Syrup offers secure, accessible lending with rewards, transparency, and robust compliance, expanding Maple’s reach.
Team of the Project
Sidney Powell
CEO
Sidney Powell is the co-founder and CEO of Maple Finance, leading the platform’s vision to provide decentralized, transparent lending solutions for institutional borrowers in the crypto space. With a background in finance and blockchain, Powell is passionate about transforming traditional credit markets through innovative, blockchain-based lending infrastructure.
Joe Flanagan
Co-founder
Joe Flanagan is a core member of Maple Finance, focusing on product development and strategy. He plays a key role in expanding Maple’s offerings, working on features that improve user experience and increase security and transparency within the platform. Flanagan’s work supports Maple’s mission to make institutional credit markets more accessible and efficient through blockchain technology.
Funding
Undisclosed
Undisclosed
Total Funds Raised
Created by Maple team, which raised $8.9M in funding.