Maple Finance | Crypto

The partnership links Aave’s liquidity with Maple Finance’s institutional credit pools, introducing yield-bearing stablecoins to Aave's lending markets. Lending protocol Aave has partnered with onchain credit platform Maple Finance to connect institutional capital with decentralized liquidity.  Announced on Tuesday, the integration will introduce Maple’s yield-bearing stablecoins — syrupUSDC and syrupUSDT — to Aave. SyrupUSDC will be listed in Aave’s core market, while syrupUSDT will be available in its Plasma instance. The tokens are backed by assets from Maple’s onchain credit pools, which manage billions of dollars in institutional capital from allocators and borrowers. According to Maple, the move is intended to “stabilize borrow demand and improve capital efficiency” across Aave’s markets. Read more

Maple Finance’s SYRUP token defied the broader crypto market slump, soaring 23% following its listing on Upbit.

Maple’s expansion to Solana is powered by Chainlink’s CCIP, which allows data transfer between EVM and SVM ecosystems. Lending platform Maple Finance is expanding to the Solana network in a bid to reach a broader class of users. According to a June 5 announcement shared with Cointelegraph, the company is deploying its syrupUSD yield-bearing stablecoin to Solana-based platforms Kamino and Orca. The coin had previously been available only on the Ethereum blockchain. Maple’s Solana integration is launching with $30 million in liquidity, which the company says will establish “a deep and stable foundation for lending, trading, and collateral provisioning” in the ecosystem. Read more

After a year of planning, Cantor Fitzgerald activates crypto lending arm with first Bitcoin-collateralized deals. Wall Street financial firm Cantor Fitzgerald has closed its first Bitcoin lending deal nearly a year after announcing its crypto lending services. According to a May 27 Bloomberg report, Cantor provided Bitcoin-backed loans to FalconX and Maple Finance. FalconX, a digital asset broker, said it secured a facility worth over $100 million as part of a “broader credit framework,” while Maple Finance reportedly closed the first tranche of an agreement with Cantor. The service allows companies holding Bitcoin to borrow funds and use the cryptocurrency as collateral, providing a way to unlock liquidity without selling their BTC holdings. Cantor announced its Bitcoin financing business with an initial capital of $2 billion in July 2024, targeting institutional investors seeking to leverage their Bitcoin. At the time, the company said Anchorage Digital and Copper would serve as custodians and collateral ma...