30 Days of Research: Day 3 Protocol: @maplefinance | $SYRUP MC/FDV: $522M/$558M 🧵

At the time of writing, @maplefinance has entered the top 12 DeFi protocols by TVL. It's been incredible to watch them 10x their TVL over the past year. Yet, $SYRUP is just 1/10 of its current TVL, which is an absolute steal...

So, @maplefinance is a protocol that offers users permissionless access to secured, institutional lending since 2019. It's backed by @circle, @hiFramework, @TheSpartanGroup, and others. "Simple enough."

Simple but good. Recently, @maplefinance has announced a strategic partnership with @aave. Now, syrupUSDC will be listed on the Core Market, and syrupUSDT will be available as collateral on @Plasma. I believe that Aave will act as a catalyst for bringing the next $10B in deposits for Maple within the next year.

Across all lending categories, @maplefinance is ranked #5 while offering up to 5.9% APY plus Drips rewards. "What are they?" Well, those are points that lenders earn by participating in syrupUSDC/syrupUSDT. At the end of each season, you can claim them for $SYRUP.

"Can I boost APY somehow?" Yes, as syrupUSDC is part of @arbitrum's DRIP program, it's providing some of the highest-yield leverage looping strategies. My favorite is on @Infinit_Labs, offering an additional 15.55% APY.

Also, you can go to @kamino and get up to 45.87% APY, out of which 2.82% is paid in $CASH and the rest is leveraged at 8.3x (adjust to your risk appetite). Many sleep on these yields, but hopefully there are content creators like @phtevenstrong that highlight them.