Thread: Monthly Update On Maple Finance And $SYRUP
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Gm my bros!
July was another absolutely massive month of conquest for broader Mapledom...
Here's a breakdown on everything that is going on!
(cont)...
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TVL/AUM continued to grow like crazy...
With Maple surpassing $3B about halfway through the month...
$syrupUSD in particular continues to explode...
And is now the third biggest yield-bearing dollar asset in defi...
All of this growth helped Maple push past BlackRock's BUIDL Fund to become the world's largest on-chain asset manager...
Great breakdown on this + more from my friend @CryptoRick98 below:
Maple Finance has officially FLIPPED BlackRockâs onchain fund.
@mapleFinance is quietly becoming the largest onchain asset manager in DeFi.
Hereâs how Maple is heating up:
- TVL: Broke through $3B. Currently at $3.2B
- syrupUSDC hits ATH: $915M in circulation
- 5x Drip rewards live for yt-syrupUSDC on @pendle_fi
- Season 10 Drips claimable now:
The rails for institutional DeFi are being laid in real-time.
This is what real product market fit looks like.
syrUP.
MIP-018 also passed...
Which means that $SYRUP buybacks will now increase to 25% of monthly revenue:
In addition, huge things are happening with Maple x BTC yields...
h/t Maple co-founder @joe_defi below:
The Season 10 Drips Campaign also delivered huge results in July...
h/t my man @fat_mac2 with the details below:
If you are looking to learn more about Maple and all of the above, co-founder @syrupsid did a bunch of great interviews in July as well...
Below is an extremely good one with @richwgalvin:
As mentioned below - link to the discussion with @syrupsid re his @maplefinance journey and the road ahead.
Incredible story of rebuilding from near zero to a $3bn loan book with a $10bn+ 24 month target. đȘ
As more tradfi and financial engineers own Bitcoin and other crypto assets the search for yield (and borrow) intensifies - our funds own Maple as it has a platform purpose built to deliver this.
Below is a fantastic interview from @syrupsid with @David_Grid, @SeanMFarrell, and @TheiaResearch on @NetworkMedici...
This was a great discussion and I highly recommend watching it!
Another great one from The Daily Doots by @ProDJKC....
Full video below:
Conclusion:
Thanks for reading ya'll!
Please RT and etc if you are a fellow $SYRUP enthusiast!
Also make sure to follow these folks for great Maple-posting as well!
@kenodnb
@Moomsxxx
@AlexMaori
@Sebyverse
@reisnertobias
@glebshumakov
@YashasEdu
@lucazchain
@YarlGLC
@nikolai_milutin
@crypto_linn
@Nomaticcap
@DeFi_Dad
@cryptopanda_01
@FracSandMonkey
@_Dexta01
@Castanoartzz
@SquirrelRWA
@kenodnb @Moomsxxx @AlexMaori @Sebyverse @reisnertobias @glebshumakov @YashasEdu @lucazchain @YarlGLC @nikolai_milutin @crypto_linn @Nomaticcap @DeFi_Dad @cryptopanda_01 @FracSandMonkey @_Dexta01 @Castanoartzz Linking back to first tweet below, again please RT/etc if you enjoyed! :)
@Ryanos_eth Update:
Now 2nd biggest đȘđ
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