So @maplefinance has quietly become the largest onchain asset manager with over $3B in assets under management. ➠ Users deposit USDC/USDT ➠ Get yield bearing syrupUSDC in return ➠ Maple lends to institutional borrowers ➠ Interest flows back to depositors They’re getting good traction👇 > Monthly revenue over $1M for three consecutive months > Pool utilization above 90% (high demand) > Annual recurring revenue jumped from $5M to $15M in Q1 We’re looking it from the institutional lending angle. While most DeFi focuses on retail users, @maplefinance created a bridge to TradFi through structured lending to institutions. Tho $SYRUP benefits from this revenue growth, the real story is building sustainable yield in a market where most projects struggle to generate consistent income.
10.8K