Maple Finance Launches New Lending Platform Syrup and Token of the Same Name

Maple Finance, a cryptocurrency lending company, has launched Syrup, a new loan platform and reward token with the same name, aimed at bridging the gap between institution-friendly yield digital assets and the permissionless DeFi world.

Maple's Syrup promises users a 15% return by depositing the stablecoin USDC on the platform. Users will receive LP tokens (syrupUSDC) and additional earnings in the form of "Drips".