Maple Finance Launches Syrup Platform and Rewards Token for Institutional-Friendly Yield in DeFi
Maple Finance, an institutional crypto lending firm, has launched a new loans platform and rewards token called Syrup. The platform aims to bridge the gap between institutional-friendly yield-bearing digital assets and the world of decentralized finance (DeFi). Users can deposit Circle's USDC stablecoin into the platform to receive LP tokens (syrupUSDC) and additional yield in the form of "Drips," a loyalty payment derived from using the SYRUP rewards token. The platform promises users yields of 15% and operates with a focus on institutional quality yields sourced from fully collateralized loans to the largest institutions in the crypto space.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Celestia Foundation Raises $100M, Aims to Revolutionize Blockchain Scalability with New Roadmap
Bitwise CIO says ‘the most powerful people in finance’ are allocating to crypto
An increasing number of top financial advisors are allocating toward crypto assets in their personal portfolios, according to Bitwise CIO Matt Hougan.When allocations spread from advisors to their clients, “things could get interesting quickly,” Hougan said.
Hamster Kombat NFT Game Bans +2.3M Users For Cheating – Recovers 6.5 Tokens From These Users
Cathie Wood's Ark Invest offloads another $2.8 million worth of its own spot Bitcoin ETF
Ark Invest offloaded 44,609 ARKB spot Bitcoin ETF shares on Monday, worth $2.8 million, as the investment firm rebalanced its fund weightings.The Cathie Wood-led firm has sold a total of $17.5 million in ARKB shares from its ARKW fund but still holds $139.7 million of the spot Bitcoin ETF.
Trending news
MoreCrypto prices
More
