Maple Finance
SYRUP Rank #153Price chart
What is Maple Finance?
Maple and lending
Sid Powell and Joe Flanagan began Maple in 2019. The protocol connects lenders with underwritten credit opportunities and institutional borrowers. Loans, collateral requirements and payment flows follow the terms of the relevant pool. Maple's dollar vault tokens represent positions in these lending products. SYRUP supplies governance participation rather than a deposit claim on a lending pool. It is separate from syrupUSDC, syrupUSDT and other yield-bearing dollar products.
Migration and supply
SYRUP launched in November 2024 as the successor to MPL. The conversion exchanged one MPL for one hundred SYRUP. This redenomination changed the token unit without reducing existing holders' proportional allocations. The published launch tokenomics provided for approximately 1.15 billion SYRUP, including the preceding treasury recapitalization. The MPL conversion has since closed.
Governance and buybacks
Holders vote on protocol decisions and proposed changes to the Maple ecosystem. Maple discontinued the earlier SYRUP staking reward program through MIP-019. Its current growth model directs 25% of protocol revenue toward token buybacks. The associated strategic fund also supports the DAO's balance sheet. Buybacks do not create a fixed cash distribution or lending interest entitlement for every token holder.
Where to trade SYRUP
43 exchanges · top 10
Live spot quotes from connected exchanges
SYRUP funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.