{"id":"maple-finance","title":"Maple Finance","content":"**Maple Finance** is a decentralized lending platform that facilitates institutional capital deployment in the digital asset space through permissioned lending pools. It was founded in 2020 by [Sidney Powell](https://iq.wiki/wiki/sidney-powell) and [Joe Flanagan](https://iq.wiki/wiki/joe-flanagan) and went live in May 2021.  [[1]](#cite-id-3KVONhM0GL) [[6]](#cite-id-jXxG9yuENV)\n\n$$widget0 [YOUTUBE@VID](https://www.youtube.com/watch?v=R2emBpmm7BM)$$\n\n## Overview\n\nMaple Finance operates as a decentralized credit marketplace that bridges traditional finance (TradFi) with [decentralized finance (DeFi)](https://iq.wiki/wiki/defi). The protocol addresses a critical gap in the [DeFi](https://iq.wiki/wiki/defi) ecosystem by enabling undercollateralized lending, moving beyond the typical overcollateralized lending models common in other [DeFi](https://iq.wiki/wiki/defi) protocols. This approach allows businesses to access working capital without locking up excessive collateral, making it particularly attractive for institutional borrowers.  [[1]](#cite-id-3KVONhM0GL) [[2]](#cite-id-4U7BVEHV1r)\n\n## Key Features\n\nMaple Finance includes a pool delegate system and [smart contract](https://iq.wiki/wiki/smart-contract) infrastructure. Pool delegates act as professional credit managers, responsible for borrower due diligence, pool management, setting lending terms, conducting ongoing monitoring, and earning performance fees based on pool success. The smart contract infrastructure automates loan origination and servicing, ensures transparent transaction recording on the [blockchain](https://iq.wiki/wiki/blockchain), and includes programmable compliance and risk parameters along with multi-signature security features.\n\nMaple Finance also involves permissioned lending pools with specific lending criteria, offering institutional-grade risk assessment and customizable lending terms. The platform employs a multi-layered risk management framework that includes regular borrower monitoring, default protection mechanisms, and requires pool delegates to have skin in the game.  [[1]](#cite-id-3KVONhM0GL) [[2]](#cite-id-4U7BVEHV1r)\n\n## Tokenomics\n\n![](https://ipfs.everipedia.org/ipfs/QmdD2SqTppyZJPWsAyv24gwkLYyKVPNNZpSNYMsA7HEQoU)\n\n### Maple Token ($MPL)\n\nMaple functions as an institutional crypto-capital network utilizing the [Ethereum](https://iq.wiki/wiki/ethereum) and [Solana](https://iq.wiki/wiki/solana) [blockchains](https://iq.wiki/wiki/blockchain). The project is driven by the Maple token (MPL), which acts as both a utility and governance token, adhering to [Ethereum’s](https://iq.wiki/wiki/ethereum) [ERC-20](https://iq.wiki/wiki/erc-20) and ERC-2222 token standards. MPL tokens are used for governance, allowing holders to vote on protocol upgrades and changes.   [[1]](#cite-id-3KVONhM0GL) [[4]](#cite-id-VTOTEGNhml)\n\n### Allocation\n\nMaple's total supply was capped at 10 million MPL tokens, with no plans for additional token creation. Of this supply, 5% was distributed through Balancer's liquidity bootstrapping pool. Currently, 7.83 million MPL tokens are in circulation, accounting for 78.3% of the total supply. The Token Generation Event took place on April 28, 2021.  [[2]](#cite-id-4U7BVEHV1r)\n\n![](https://ipfs.everipedia.org/ipfs/QmT189iVfFJNCTuNa2DWjtdex5rifvKCALKc91z1T1xVg9)\n\n### SYRUP Tokenomics\n\nThe [SYRUP](https://iq.wiki/wiki/syrup) tokenomics are designed to incentivize participation and align the interests of stakeholders within the Maple Finance ecosystem. [SYRUP](https://iq.wiki/wiki/syrup) tokens are used for governance, allowing holders to vote on protocol upgrades and changes. They also play a role in the distribution of fees and rewards within the platform, ensuring that active participants are compensated for their contributions. [[2]](#cite-id-3KVONhM0GL)\n\n![](https://ipfs.everipedia.org/ipfs/QmZgNZvL1NPvcyHqiNuxMDxixKebstkwY3SphnpRXf29uP)\n\n### MPL to SYRUP Token Conversion\n\nMIP-010 proposes the launch of the [SYRUP](https://iq.wiki/wiki/syrup) token, allowing MPL holders to convert 1 MPL to 100 SYRUP. This conversion aims to make the [governance token](https://iq.wiki/wiki/governance-tokens) more accessible to new community members. The proposal includes the introduction of [SYRUP](https://iq.wiki/wiki/syrup) [staking](https://iq.wiki/wiki/staking), enabling stSYRUP holders to actively participate in the Maple platform. The conversion is expected to accelerate the distribution of [SYRUP](https://iq.wiki/wiki/syrup) tokens without diluting existing holders. The technical transition involves minting approximately 1.15 billion [SYRUP](https://iq.wiki/wiki/syrup) tokens and deploying a Migrator contract for conversion. MPL holders can convert their tokens via the [Syrup](https://iq.wiki/wiki/syrup) webapp, following prompts to exchange MPL for [SYRUP](https://iq.wiki/wiki/syrup) at the specified ratio. [[3]](#cite-id-ta3HDll6zh) [[5]](#cite-id-2LfV8lZzPx)\n\n## Partnerships\n\n**Ozean**\n\nOzean, a blockchain focused on [real-world asset (RWA)](https://iq.wiki/wiki/real-world-assets-rwas) yield and developed by Clearpool, has partnered with Maple Finance to expand institutional access to [DeFi](https://iq.wiki/wiki/defi)-based yield opportunities. As part of this collaboration, [SyrupUSDC](https://iq.wiki/wiki/syrupusdc)—a yield-generating [stablecoin](https://iq.wiki/wiki/stablecoin) issued through Maple's [Syrup](https://iq.wiki/wiki/syrup) protocol—will be integrated into Ozean’s Pre-Deposit Campaign and its first Exchange-Traded Product (ETP), known as Port. This initiative combines Maple’s lending infrastructure with Ozean’s institutional on-chain vault framework to offer diversified and compliant yield exposure. Ozean operates as an [RWA](https://iq.wiki/wiki/real-world-assets-rwas)-focused [Layer 2](https://iq.wiki/wiki/layer-2) network built on the OP Stack, aiming to streamline [RWA](https://iq.wiki/wiki/real-world-assets-rwas) access and bridge traditional finance with [DeFi](https://iq.wiki/wiki/defi) through regulatory-aligned infrastructure.  [[7]](#cite-id-BIsgb0ZtiE) [[8]](#cite-id-56uq6b0g6n)\n\n![](https://ipfs.everipedia.org/ipfs/QmdJXcnn3QD7SvqBA8zL8XELMNz4KRCLoHp34nhfJYsnDX)\n\n**OAK Research**\n\nOAK Research has joined the Maple Ambassador Program to provide ongoing coverage of the Maple protocol. Through this collaboration, OAK Research will publish reports, analysis, and research focused on the development and performance of Maple and its associated platforms, including [Syrup](https://iq.wiki/wiki/syrup). The initiative supports transparency and aims to offer insight into the protocol’s evolution for the broader [DeFi](https://iq.wiki/wiki/defi) community.  [[9]](#cite-id-6js5HWeDi9)\n\n![](https://ipfs.everipedia.org/ipfs/QmVSCMgpnDaGHjhdMozD6v6bDpbqLC1GqmFUHPQ4Gj6YDA)","summary":"Maple Finance is a decentralized finance platform offering capital-efficient lending solutions for institutional borrowers, utilizing blockchain technology to enhance transparency and efficiency.","images":[{"id":"QmXryhbMoUKfJBN1QdH8j6M4PioJ2TJqTakuNfiSgfRVEc","type":"image/jpeg, image/png"}],"categories":[{"id":"defi","title":"defi"}],"tags":[{"id":"Protocols"},{"id":"Ethereum"},{"id":"Blockchains"},{"id":"Developers"},{"id":"Solana"}],"media":[{"id":"QmeiMDbY4Xjj4QS75sn8uLhcBpuGNxmMAGGbQJcAcfoJaF","name":"l7GYu-hy_400x400.jpeg","caption":"","thumbnail":"QmeiMDbY4Xjj4QS75sn8uLhcBpuGNxmMAGGbQJcAcfoJaF","source":"IPFS_IMG"},{"id":"QmdD2SqTppyZJPWsAyv24gwkLYyKVPNNZpSNYMsA7HEQoU","name":"9417.png","caption":"","thumbnail":"QmdD2SqTppyZJPWsAyv24gwkLYyKVPNNZpSNYMsA7HEQoU","source":"IPFS_IMG"},{"id":"QmT189iVfFJNCTuNa2DWjtdex5rifvKCALKc91z1T1xVg9","name":"0_ak65siUfsLPmoFC0.webp","caption":"","thumbnail":"QmT189iVfFJNCTuNa2DWjtdex5rifvKCALKc91z1T1xVg9","source":"IPFS_IMG"},{"id":"QmZgNZvL1NPvcyHqiNuxMDxixKebstkwY3SphnpRXf29uP","name":"Screen Shot 2025-03-17 at 3.35.13 PM.png","caption":"","thumbnail":"QmZgNZvL1NPvcyHqiNuxMDxixKebstkwY3SphnpRXf29uP","source":"IPFS_IMG"},{"id":"https://www.youtube.com/watch?v=R2emBpmm7BM","name":"R2emBpmm7BM","caption":"","thumbnail":"https://www.youtube.com/watch?v=R2emBpmm7BM","source":"YOUTUBE"},{"id":"QmVSCMgpnDaGHjhdMozD6v6bDpbqLC1GqmFUHPQ4Gj6YDA","name":"GnDXCttW0AA0Htp.jfif","caption":"","thumbnail":"QmVSCMgpnDaGHjhdMozD6v6bDpbqLC1GqmFUHPQ4Gj6YDA","source":"IPFS_IMG"},{"id":"QmdJXcnn3QD7SvqBA8zL8XELMNz4KRCLoHp34nhfJYsnDX","name":"Gm9StbbbgAAT29p.jfif","caption":"","thumbnail":"QmdJXcnn3QD7SvqBA8zL8XELMNz4KRCLoHp34nhfJYsnDX","source":"IPFS_IMG"}],"metadata":[{"id":"references","value":"[{\"id\":\"3KVONhM0GL\",\"url\":\"https://maplefinance.gitbook.io/maple\",\"description\":\"Welcome to Maple | Maple\",\"timestamp\":1742028284292},{\"id\":\"4U7BVEHV1r\",\"description\":\"Medium: \\\"Maple Finance: Transforming DeFi Lending for Institutional Players'\",\"timestamp\":1742028988147,\"url\":\"https://0xgreythorn.medium.com/maple-finance-transforming-defi-lending-for-institutional-players-fdc935442f15\"},{\"id\":\"ta3HDll6zh\",\"description\":\"Community Maple Finance: \\\"MIP-010: SYRUP Token Launch and MPL <> SYRUP Conversion\\\"\",\"timestamp\":1742191228787,\"url\":\"https://community.maple.finance/t/mip-010-syrup-token-launch-and-mpl-syrup-conversion/334\"},{\"id\":\"VTOTEGNhml\",\"description\":\"Gemini Cryptopedia: Maple (MPL): Crypto-Capital Network\",\"timestamp\":1742192195180,\"url\":\"https://www.gemini.com/cryptopedia/maple-finance-crypto-mpl-token-maple-token-mpl-crypto\"},{\"id\":\"2LfV8lZzPx\",\"description\":\"SYRUP Gitbook Conversion Guide\",\"timestamp\":1742192698098,\"url\":\"https://syrup.gitbook.io/syrup/syrup-token/conversion-guide\"},{\"id\":\"jXxG9yuENV\",\"description\":\"LinkedIn Maple Finance\",\"timestamp\":1742193027287,\"url\":\"https://www.linkedin.com/company/maplefinance/\"},{\"id\":\"BIsgb0ZtiE\",\"description\":\"ClearpoolFin Tweet\",\"timestamp\":1744427536989,\"url\":\"https://x.com/ClearpoolFin/status/1904881028529086602\"},{\"id\":\"56uq6b0g6n\",\"description\":\"Medium: 'Ozean & Maple Partner to Expand Institutional Access to DeFi Yields — Adding SyrupUSDC to Port;\",\"timestamp\":1744427619989,\"url\":\"https://clearpool.medium.com/ozean-maple-partner-to-expand-institutional-access-to-defi-yields-adding-syrupusdc-to-port-dad8ada27ed2\"},{\"id\":\"6js5HWeDi9\",\"description\":\"OAK Research Tweet\",\"timestamp\":1744427770310,\"url\":\"https://x.com/OAK_Res_EN/status/1905259785701781719\"}]"},{"id":"website","value":"https://maple.finance"},{"id":"twitter_profile","value":"https://x.com/maplefinance"},{"id":"coinmarketcap_url","value":"https://coinmarketcap.com/currencies/maple"},{"id":"telegram_profile","value":"https://t.me/+zvAVuclP1t5mMTIx"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/maple"},{"id":"linkedin_profile","value":"https://www.linkedin.com/company/maplefinance"},{"id":"etherscan","value":"https://etherscan.io/token/0x33349b282065b0284d756f0577fb39c158f935e6"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmabrC9nCx1mk6JrDyMrBTv134NEGbnvCj3LqTfv4erPUV\""},{"id":"commit-message","value":"\"Republish Maple Finance wiki with updated main image.\""},{"id":"previous_cid","value":"QmabrC9nCx1mk6JrDyMrBTv134NEGbnvCj3LqTfv4erPUV"}],"events":[],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"language":"en","version":1,"linkedWikis":{"blockchains":[],"founders":["sidney-powell","joe-flanagan"],"speakers":[]}}