syrupUSDC: the stickiest core of defi composability
we are BACK to "real yield" again, but while the space rehashes old narratives, maple has quietly built a liquid, composable, institutional-grade dollar that earns across ecosystems and feeds a token flywheel that keeps spinning harder and harder
meet syrupUSDC by @maplefinance aka defiâs most useful dollar
it earns real yield, it drips (ehehe)....and now it works across pendle, morpho, kamino, euler, contango, and more
syrupusdc isnât just yield-bearing, itâs modular:
- use it as collateral on euler and kamino
- split it into pt and yt on pendle
- loop it on morpho
- multiply it on kamino (with incentives already live)
maple x pendle play: 100 percent apy (not clickbait + drips, and points)
- syrupusdc = pt + yt
- yt trades at a discount
- earn 5x drips daily
- unlock a $500k prize pool at maturity
how this feeds the $SYRUP flywheel?
- 20% of protocol fees go to buybacks
- drips convert into $syrup and can be auto-staked
- stakers earn a share of protocol fees
- more integrations â more deposits â more buybacks
revenue is scaling FAST, last month:
$1.9b tvl â $1m revenue
this month:
$2.2b tvl â $1.5m revenue
thatâs 50 percent more revenue on just 15 percent more tvl
what's next?
maple is has $2b+ AUM this year and syrupusdc will drive it much higher:
- syrupusdc market cap grew from $68m to $785m
- average yield sits around 10 to 11 percent
- revenue is up 6x year over year
- costs up less than 50 percent
hella sticky...check out these Maple links below:
- kamino integration:
- pendle x syrupusdc:
- dune dashboard:
dc: Linn owns SYRUP and is a proud ambassador for Maple
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