Maple Finance Review
Lending Protocols · Official site ↗
By DifiCalc Research Team · Published Sep 20, 2026 Data verified Sep 20, 2026 via DeFiLlama
The largest institutional credit book onchain — collateralized loans packaged into syrup tokens
Best for: Users seeking diversified institutional credit yield through a single liquid token
Risk Assessment
Maple reports about $4.8B AUM and roughly $1.9B in deposits (DeFiLlama-aligned TVL used here), with v2 audited by Trail of Bits, Spearbit and Code4rena (7+ reports) and a DeFiSafety score around 92%. Rated A- rather than A because predecessor pools suffered roughly $36-54M of defaults in 2022, yield depends on a concentrated set of institutional borrowers and withdrawal queues can slow during redemption spikes.
Fees
| Management | ~1-2% annualized management fee, varying by pool |
| Performance | up to 20% performance fee on selected strategies |
| Protocol | 10% of protocol revenue funds rules-based SYRUP buybacks |
Top Markets
| Asset | Type | Utilization | 30d APY |
|---|---|---|---|
| syrupUSDC | lending | 85% | 6.1% |
| syrupUSDT | lending | 88% | 6.4% |
| syrupUSDG | lending | 90% | 6.8% |
| syrupUSDC (Solana) | lending | 82% | 6% |
Strengths
- ✓Largest onchain institutional credit platform, with in-house underwriting since 2023
- ✓Current positions are fully overcollateralized and assessed against institutional standards
- ✓syrupUSDC and syrupUSDT give single-asset access with continuous withdrawal queues
- ✓Revenue-backed SYRUP buybacks under the rules-based MIP-021 framework
Weaknesses & Risks
- !Earlier pools took roughly $36-54M of defaults — credit risk is intrinsic to the model
- !Borrowers and custodians are concentrated among a small group of institutions
- !Withdrawal queues can slow when redemptions spike
Compare Maple Finance with alternatives
Maple Finance FAQ
What is Maple Finance?
Maple Finance is a DeFi lending protocol, founded in 2021, live on ethereum, solana, base, arc. The largest institutional credit book onchain — collateralized loans packaged into syrup tokens
What APY can I earn on Maple Finance?
Current yields typically range from 4% to 10% APY, with a typical rate around 6%. APY varies with market conditions, utilization and token emissions — always verify live rates before depositing.
Is Maple Finance safe?
DifiCalc risk grade: A-. Maple reports about $4.8B AUM and roughly $1.9B in deposits (DeFiLlama-aligned TVL used here), with v2 audited by Trail of Bits, Spearbit and Code4rena (7+ reports) and a DeFiSafety score around 92%. Rated A- rather than A because predecessor pools suffered roughly $36-54M of defaults in 2022, yield depends on a concentrated set of institutional borrowers and withdrawal queues can slow during redemption spikes. Audits: Trail of Bits, Spearbit, Code4rena. As with all DeFi, smart-contract and market risk remains — never deposit more than you can afford to lose.
What fees does Maple Finance charge?
Management: ~1-2% annualized management fee, varying by pool. Performance: up to 20% performance fee on selected strategies. Protocol: 10% of protocol revenue funds rules-based SYRUP buybacks.
Run the numbers yourself
Model a real Maple Finance position with our free yield calculator — no signup.
Information last reviewed in 2026. APY figures are indicative ranges from protocol data and may differ from live rates. This page is for informational purposes only and is not financial advice.