Syrup USDC
Share in a Maple USDC lending pool (ERC-4626). Its value grows with interest from overcollateralized loans to crypto institutions and from Aave and Sky strategies. It is not a stablecoin.
Pricing
Is the onchain price right, fresh, and hard to manipulate?
A single key can write the NAV down or back up by hand.
A single key can write the NAV down or back up by hand.
The NAV comes from the issuer, with no independent check.
Write-downs reach the onchain price later than they happen.
The contract computes the NAV itself, so it can't go stale.
Its market price tracks NAV: at most 0.22% below (Ethereum DEXs, to 2026-09-23).
- Write-downs reach the price
- Later than they happen
- Largest discount to NAV
- 0.22% (Ethereum DEXs, to 2026-09-23)
Onchain price reference
- Current value
- $1.19
- Price model
- Accumulating NAV
- Computed by
- Maple Finance
- Method
- convertToExitAssets(shares), from PoolManager totalAssets() minus unrealizedLosses()
- Who can change it
- A single key (EOA) can write it down or back up
- Data comes from
- Issuer (self-reported)
- Expected cadence
- Every block (accrues continuously)
- History onchain
- Yes
Oracle age
How long since the last onchain update, against the expected cadence.
No onchain oracle to measure.
How DeFi markets price syrupUSDC
A lending market that hardcodes $1 won't notice if the NAV drops.