DeFi protocol

Maple

2 products · 2 coins · Ethereum · TVL $3.0B · data via DefiLlama

Platform risk tier

B· Medium risk · meets 4/5 criteriaSee why

Unsecured/secured lending to institutions (syrupUSDC/USDT). In 2022 borrower Orthogonal Trading defaulted on USD 36 million in an old pool, and lenders recovered only part.

✓Operating since 2021-05 (5 years)
✓Audited by 7 firms: Trail of Bits, Spearbit, Three Sigma, 0xMacro, Sherlock, Dedaub, Sigma Prime
✓Bug bounty programme (Immunefi, up to $500k)
✓Large TVL: $3B
!Uncovered losses in the last 5 years: Orthogonal Trading defaulted on USD 36 million after the FTX collapse (2022-12)
iRisk of the asset itself: syrupUSDC/USDT carry off-chain credit risk from lending to institutions: loans are overcollateralised but there is no first-loss protection layer; withdrawals go through a queue.

Last reviewed 24/09/2026. Not investment advice.Facts and sources →

You keep your own wallet and deposit straight into the smart contract. Click a product name for details.

2/2 products · How risk tiers work

									Conditions & limits
USDC	Maple · Ethereum · Syrup USDC One rate for any amount. TVL: $2.9B · Ethereum Rate basis: APR (the source publishes APY, converted to the APR equivalent with daily compounding)	Flexible DeFi · smart contract	B· Medium risk CoinA· Lower riskPlatformB· Medium risk	5.04%	5.04%	5.04%	5.04%	5.04%	Withdraw any time if the pool has enough liquidity
USDT	Maple · Ethereum · Syrup USDT One rate for any amount. TVL: $628M · Ethereum Rate basis: APR (the source publishes APY, converted to the APR equivalent with daily compounding)	Flexible DeFi · smart contract	B· Medium risk CoinB· Medium riskPlatformB· Medium risk	4.76%	4.76%	4.76%	4.76%	4.76%	Withdraw any time if the pool has enough liquidity