le @maplefinance launched le syrupUSDT on le @Plasma
plasma = tetherâs new chain, built SPECIALLY for stablecoins aka a payments layer purpose built for usdâź settlement + DeFi
ze idea: if crypto is going to billions of users...itâs through stablecoins NOT just speculation
maple = institutional credit engine, $9B+ originated
and now plugged into plasma as the credit layer
syrupUSDT = yield-bearing usdâź, lending to accredited borrowers and sending yield back to you
pre-deposit vault (sep 16):
- cap $200M
- lock 2 months
- min deposit $125k
- assets: usdt, usdc, syrupUSDT
- permissionless
- filled instantly
le yield stack:
- xpl incentives (live post-tge, no vesting):
- maple drips (+50% boost)
- syrupUSDT institutional yield
- future plasma defi yields once mainnet live
plasma mainnet (sep 25):
- xpl rewards now claimable -> 750,000 xpl allocated
- rewards distributed proportional to deposit size
- ongoing emissions continue stacking with base yield
whats next?
- fluid + euler live
- aave coming next
- diversified + bluechip allocation
maple credit layer + tether plasma settlement = holy moly quacamole
disclaimer: linn is a maple ambassador
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