Deployments · Maple · platform by Maple Finance

Maple syrup lending pools (syrupUSDC, syrupUSDT, syrupUSDG)New

Maple's syrup tokens let anyone outside the US lend stablecoins into Maple's institutional lending pools. A depositor puts USDC, USDT or Paxos's USDG into a pool on Ethereum and receives syrupUSDC, syrupUSDT or syrupUSDG, vault tokens whose value rises as borrowers pay interest. Maple Direct, Maple's lending arm, makes fixed-rate loans from the pools to crypto-native institutions that post liquid digital assets as collateral, worth more than the loan; some capital also goes into futures basis trades and DeFi liquidity. So this is private credit to real firms, but secured on crypto collateral rather than on real-world assets. Each token sits in its own segregated portfolio of Maple International Operations SPC and moves to other chains (Solana, Arbitrum, Base, Plasma and others) through Chainlink CCIP. On 27 October 2026 Maple's transparency page showed deposits of about $972m in syrupUSDC, $322m in syrupUSDT and $341m in syrupUSDG, with each pool's allocation across loans, Treasuries, DeFi positions and idle cash; the pools' own on-chain asset totals match these deposit figures. The deposits are counted, less each pool's idle stablecoin cash (counted where those stablecoins are issued). The page's larger assets-under-management figures are shown as context.

Live (scaled)^[3][4]i — Open product with several billion dollars deposited and $1.7bn of loans outstanding across Maple at end-Q3 2026. Launch date of the first syrup pool not found in a primary source. · Reviewed 11d ago i

Assets

Pool share^[7][5]

Vault tokens (ERC-4626 pools) over Maple's stablecoin lending pools, one per base stablecoin

Networks

Ethereum Public, permissionless^[8]

Pools and minting on Ethereum mainnet.

Solana Public, permissionless^[9]

Arbitrum Public, permissionless^[9]

Base Public, permissionless^[9]

Ink Public, permissionless^[9]

Monad Public, permissionless^[9]

Tempo Public, permissioned^[9]

Robinhood Chain Public, permissionless^[9]

Arc Public, permissioned^[9]

Plasma Public, permissionless^[9]

Mantle Public, permissionless^[9]

BNB Chain Public, permissionless^[9]

Use cases i

Secured lending^[4][5]

Jurisdictions

Global

Participants

• Maple FinanceIssuer, Operator, Asset manager, Platform provider^[5][6]Global
• Chainlink LabsTechnology provider^[9][11]United States
• The Network FirmAuditor or reserve attestor^[10]United States
• Borrowers are described as creditworthy crypto-native institutions; Maple does not name them in the pages opened.^[5]

Assets

• IssuesMaple syrupUSDC (syrupUSDC)^[8]
• IssuesMaple syrupUSDT (syrupUSDT)^[8]
• IssuesMaple syrupUSDG (syrupUSDG)^[8]
• Settles inUSD Coin (USDC)^[6]Deposits and withdrawals for syrupUSDC are in USDC.
• Settles inTether USDt (USDT)^[7]Lenders deposit USDT for syrupUSDT.
• Settles inGlobal Dollar (USDG)^[7]Lenders deposit USDG for syrupUSDG.

Data feeds

• Fund NAVChainlink LabsExchange-rate feeds and Data StreamsSolana, Arbitrum, Base, Ink, Monad, Tempo, Robinhood Chain, Arc, Plasma, Mantle, BNB Chain^[9]Relay each pool's exchange rate (convertToExitAssets) on a heartbeat.

Moves across networks

• viaChainlink CCIPEthereum ↔ Solana ↔ Arbitrum ↔ Base ↔ Ink ↔ Monad ↔ Tempo ↔ Robinhood Chain ↔ Arc ↔ Plasma ↔ Mantle ↔ BNB Chain^[9]Maple's own token pools on each chain, bridged via CCIP.

Metrics i

• ~$972.27msyrupUSDC deposits · as of 27 Oct 2026 · on Ethereumcontext^[1][2]
  Deposits on Maple's transparency page, the figure its allocation adds up to. The Ethereum pool's totalAssets() read about $968.2m on 28 Oct 2026, so deposits, not AUM, match the tokens outstanding (copies on other chains are bridged from Ethereum through CCIP). Idle USDC cash (1.4%) is netted through the asset's countedShare (editor decision 2026-10-27-reserves-2-4). Gross supply, shown not counted: 98.6% of it is counted (the rest of the reserve is held in tokens counted elsewhere; breakdown as of 2026-10-27).
• ~$958.66msyrupUSDC deposits (counted part) · as of 27 Oct 2026 · on Ethereum^[1][2]
  98.6% of the gross figure: the part not backed by reserves held in other tracked tokens (breakdown as of 2026-10-27, source maple-transparency-oct27).
• ~$321.57msyrupUSDT deposits · as of 27 Oct 2026 · on Ethereumcontext^[1][2]
  Deposits on Maple's transparency page. The Ethereum pool's totalAssets() read about $321.6m on 28 Oct 2026, matching. Idle USDT cash (2.9%) is netted through the asset's countedShare (editor decision 2026-10-27-reserves-2-4). Gross supply, shown not counted: 97.1% of it is counted (the rest of the reserve is held in tokens counted elsewhere; breakdown as of 2026-10-27).
• ~$312.31msyrupUSDT deposits (counted part) · as of 27 Oct 2026 · on Ethereum^[1][2]
  97.1% of the gross figure: the part not backed by reserves held in other tracked tokens (breakdown as of 2026-10-27, source maple-transparency-oct27).
• ~$341.4msyrupUSDG deposits · as of 27 Oct 2026 · on Ethereumcontext^[1][2]
  Deposits on Maple's transparency page. The Ethereum pool's totalAssets() read about $347.4m on 28 Oct 2026, within 2% (a day later). Idle USDG cash (2.1%) is netted through the asset's countedShare (editor decision 2026-10-27-reserves-2-4). Gross supply, shown not counted: 97.9% of it is counted (the rest of the reserve is held in tokens counted elsewhere; breakdown as of 2026-10-27).
• ~$334.37msyrupUSDG deposits (counted part) · as of 27 Oct 2026 · on Ethereum^[1][2]
  97.9% of the gross figure: the part not backed by reserves held in other tracked tokens (breakdown as of 2026-10-27, source maple-transparency-oct27).
• ~$2.59bnsyrupUSDC assets under management (27 Oct) · as of 27 Oct 2026context^[1]
  AUM on the same page, well above deposits and not defined there; on-chain pool assets match deposits instead, so shown, not counted.
• ~$643.9msyrupUSDT assets under management (27 Oct) · as of 27 Oct 2026context^[1]
  AUM on the same page, above deposits and not defined there; shown, not counted.
• ~$530.1msyrupUSDG assets under management (27 Oct) · as of 27 Oct 2026context^[1]
  AUM on the same page, above deposits and not defined there; shown, not counted.
• ~$2.69bnsyrupUSDC assets under management · as of 17 Oct 2026context^[3]
  Maple transparency page. Shown, not counted: the pool holds loans plus idle USDC, basis trades and DeFi positions, and the split is not published (wrapper rule 4, mixed backing; decision 2026-10-17-admin-1).
• ~$642.29msyrupUSDT assets under management · as of 17 Oct 2026context^[3]
  As for syrupUSDC: shown, not counted until the loan share is published.
• ~$416.72msyrupUSDG assets under management · as of 17 Oct 2026context^[3]
  As for syrupUSDC: shown, not counted until the loan share is published.
• ~$1.7bnMaple loans outstanding (all pools) · as of 30 Sep 2026context^[4]
  Whole platform including the Maple Institutional pool, so context only.
• ~$8.3bnMaple loan originations, year to date · as of 30 Sep 2026context^[4]
  January to September 2026, all Maple pools.

Timeline

No dated events recorded yet.

Sources i