SYRUP

Maple Finance distinguishes itself by offering institutional-grade, transparent, and secure lending solutions in the DeFi space. Unlike many protocols, it caters specifically to institutional lenders and borrowers, providing access to overcollateralized loans with clear terms. Its most unique offering is the BTC Yield product, which generates native BTC yield through staking on Core Network, avoiding the counterparty risk of traditional Bitcoin lending. This non-lending approach, combined with institutional custody and on-chain transparency, provides a highly sought-after secure and productive option for BTC holders and a reliable gateway for institutions into decentralized finance.

Collateral is held in segregated accounts with qualified custodians like BitGo, Zodia Custody, and Coinbase. Real-time monitoring via Chainlink oracles triggers automatic liquidations if collateralization falls below thresholds. The protocol maintains 150-500% overcollateralization for most loans, with assets held off-exchange to prevent rehypothecation risks.

SYRUP uniquely combines: 1) Direct exposure to institutional lending yields via buybacks; 2) Multi-protocol governance covering Maple and SYRUP ecosystems; 3) Real-yield distribution from origination fees; 4) Inflation resistance through capped emissions and burn mechanisms. This creates a deflationary yield triangle unavailable in purely DeFi-native tokens.

Through Syrup Protocol, users can deposit USDC to receive SYRUPUSDC tokens representing exposure to Maple's institutional loan book. This composable yield asset is available without KYC (excl. US), pays 6-15% APY, and integrates with wallets like Exodus and platforms like Kamino.

Maple implements three-tiered protection: 1) Borrower due diligence including legal entity verification; 2) Overcollateralization with daily mark-to-market; 3) Qualified custody with independent attestations. This exceeds typical DeFi lending which relies exclusively on algorithmic overcollateralization without counterparty vetting.

The protocol employs circuit breakers: 1) Hourly price feeds from multiple oracles trigger margin calls at 110% collateralization; 2) If collateral drops below 100%, automatic liquidation occurs via auction contracts; 3) Pool delegates provide first-loss capital as additional buffer. This multi-layered approach has prevented losses during 40+ BTC drawdowns.