FTX-Alameda casualty Maple Finance launches institutional lending
Maple Finance launches Syrup, a DeFi protocol offering secured institutional lending, amid lingering skepticism from the FTX-Alameda fallout.
On May 28, Maple Finance, an institutional lending platform in decentralized finance (DeFi), launched Syrup, a new protocol aimed at providing institutional yield to the DeFi community.
The launch of Syrup comes after the company faced significant challenges due to the FTX-Alameda collapse, including severing ties with Orthogonal Trading in December 2022.
Syrup offers users permissionless access to secured institutional lending. By depositing Circle’s USD Coin (USDC) on the platform, users receive syrupUSDC liquidity pool (LP) tokens, which they can use to earn yield.
Maple Finance launches Syrup, a DeFi protocol offering secured institutional lending, amid lingering skepticism from the FTX-Alameda fallout.
On May 28, Maple Finance, an institutional lending platform in decentralized finance (DeFi), launched Syrup, a new protocol aimed at providing institutional yield to the DeFi community.The launch of Syrup comes after the company faced significant challenges due to the FTX-Alameda collapse, including severing ties with Orthogonal Trading in December 2022.Syrup offers users permissionless access to secured institutional lending. By depositing Circle’s USD Coin (USDC) on the platform, users receive syrupUSDC liquidity pool (LP) tokens, which they can use to earn yield.Read more Â