Maple Finance launches new lending platform Syrup along with its namesake reward token

ChainCatcher news, according to CoinDesk, the crypto lending company Maple Finance has launched Syrup, a new lending platform and reward token of the same name, aimed at bridging the gap between institution-friendly yield digital assets and the permissionless DeFi world.

It is reported that Maple's Syrup promises users a 15% yield by depositing USDC stablecoins into the platform, and users will receive LP tokens (syrupUSDC), along with additional earnings in the form of "Drips," which are loyalty payments earned using the SYRUP reward token.