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.

Private creditNon-US persons onlyOnchain dataIssued by Maple Finance · Platform Maple Finance

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Value

$937.1M

Stage

None

Below Stage 0: key facts not disclosed

Single-key powers

Single key holds critical power

Oracle age

Live

NAV computed onchain every block

Used as DeFi collateral

$63.2M· 11 markets

Transparency

Can you see what backs the token, and trust that data?

Yellow

No update schedule is stated; short-duration credit needs at least weekly.

No update schedule is stated; short-duration credit needs at least weekly.
The Network Firm proof of reserves: a third-party attestation.
Data comes from an independent third party, not the issuer.
Every position is published.

Reports

Rated as short-duration credit, so data must be updated at least weekly. The best report counts.

Report	Data comes from	Detail	Updated	Verifiable	Onchain
The Network Firm proof of reserves The Network FirmCounts	Independent firm	Every position	unstated	Attestation	No
Maple loan book Maple Finance	Issuer	Every position	realtime	Self-reported	Yes

Onchain data is a separate badge, not part of the rating: public data that lives offchain is still transparent to a person. Ladders adapted from Chronicle Labs, "The Transparency Gap in Onchain Finance" (Oct 2026).

Event reporting

Private credit must report defaults as they happen, not at the next periodic report.

Defaults reported as they happen: Yes

Kept private for a reason

Shown as context, never as a penalty.

None recorded.