Plain English
Maple Finance is an institutional-focused lending platform launched in 2021. Connects on-chain capital to institutional borrowers (market makers, trading firms) via under-collateralized lending pools. MPL token migrated to SYRUP in 2024 as the platform pivoted post-FTX.
How it actually works
Pool delegates underwrite borrowers, set terms, and manage the pool; lenders deposit into pools they trust. Loans are usually under-collateralized (relying on borrower reputation and legal recourse rather than over-collateralization). Maple suffered significant losses in 2022 (Orthogonal Trading, Babel Finance defaults) but has continued operating with restructured risk practices.
What it means for you
Maple offers higher-yield stablecoin lending (often 8–14% APR) but with real credit risk — defaults can happen. For HNW capital comfortable with credit assessment, Maple’s curated pools provide access to institutional lending yields previously unavailable to most retail. Size positions modestly relative to total DeFi exposure.
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Educational content only. Not investment, tax, or legal advice.