.@maplefinance proposed a temp check to list syrupUSDC as collateral on @aave V3 Core Instance.
Quick take on syrupUSDC:
- Market cap passes $884m - 10x growth YTD, one of the fastest-growing yield-bearing stablecoins this year
- Backed by $2.3b in Maple’s AUM, providing real yield from fixed-rate institutional lending strategies at ~10% APY
- $589m syrupUSDC already deployed to DeFi across EVM chains and Solana
- $500m+ allocator demand ready to loop via Aave
- $250k in incentives to bootstrap usage on Aave
Listing syprupUSDC also strengthens Aave’s macro flywheel as it drives higher USDC utilization, increases revenue to the protocol, and aligns with $GHO’s institutional reach (potentially GHO lending to institutions via Maple)
Just use Aave 👻 🥞
We’ve fully supported Maple’s temp check to list syrupUSDC on Aave V3.
🔗 Full proposal details below:
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