After a successful September at Syrup, in which TVL rose to $160M - nearly doubling in consecutive months— we’re excited to share results for Drips Season 3.
Season Three participants received an average combined APY of 21.4% in yield and Drip rewards, with an average yield pickup of 10.4% from Drips.
Drips compounded from Season to Season, with participants across Seasons 1 through 3, an average combined yield of 24.3%.
Further, Syrup continued to generate consistent high yield for lenders, amid market volatility. Since inception, lenders have earned a net native APY of 13.5%.
With SYRUP token launch on the horizon, users will continue to earn Drips for participating in the growth of the Syrup protocol. In December, users will be able to one-click convert Drips to staked SYRUP.
Deposit now to maximize your Drips.
Disclaimer:
Please note that Syrup is not available in the US and Australia.
Gleb Shumakov
Editor and Community
Gleb leads editorial and community at Maple, producing content that helps institutions and onchain investors navigate digital asset lending, yield, and onchain credit markets.
