Maple protocol
Overview
Maple is an institutional lending and onchain asset management platform founded in 2019 by Sid Powell and Joe Flanagan. It began with undercollateralized lending to trading firms in 2021-2022 before pivoting to overcollateralized institutional credit, and has originated more than $22 billion in loans, reporting roughly $4.6 billion in assets under management as of 2026-07-15. Its yield-bearing syrupUSDC token is used as DeFi collateral across protocols such as Morpho, Pendle and Euler.
Within the DeFi Intel graph, Maple connects to 6 tracked entities, most strongly to Ethereum, Solana, SYRUP.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 6 of 6 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 95% |
deployed_on | Solana | 95% |
supports_token | SYRUP | 95% |
built_on | Maple Cash | 90% |
audited_by | Trail of Bits | 80% |
audited_by | Three Sigma | 70% |
Frequently asked questions
What is Maple?
Maple is an institutional lending and onchain asset management platform founded in 2019 by Sid Powell and Joe Flanagan. It originated over $22 billion in loans and reported roughly $4 billion in assets under management in 2025.
What chains is Maple deployed on?
Maple is deployed on Ethereum and Solana.
What is the syrupUSDC token used for?
Maple's yield-bearing syrupUSDC token is used as DeFi collateral across protocols such as Morpho, Pendle and Euler.
Sources
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