As Maple’s assets continue to scale, the focus remains on consistent yield, deep liquidity, broad accessibility, and institutional-grade risk management.
In 2025, syrupUSDC and syrupUSDT rapidly expanded across DeFi, integrating with many of the leading protocols on the largest chains. Over the same period, Maple scaled its AUM by more than 700%, becoming the largest onchain asset manager.
In 2026, Maple will continue to deepen its presence in DeFi while expanding beyond it. As part of this evolution, Drips will be discontinued in favor of a new, more targeted approach to incentives designed to support sustainable, long-term growth. Below is a look back at 2025 and what’s coming next.
2025: A Year in Review
syrupUSDC and syrupUSDT had a standout year in 2025, generating record inflows while becoming deeply embedded across DeFi through integrations and scalable, sustainable use cases.
Going Multichain
In 2025, syrupUSDC and syrupUSDT expanded beyond Ethereum, with deployments on Solana, Plasma, Arbitrum, and Base. These launches brought Maple’s yield-bearing mechanics to new ecosystems and unlocked integrations across the broader DeFi landscape.
Several deployments scaled to hundreds of millions in inflows through key partner integrations, including looping vault strategies. This increased yield composability across the Maple ecosystem and expanded the range of strategies available to LPs.
Near-Instant Liquidity
In April 2025, Maple significantly improved redemptions by reducing average withdrawal times to under five minutes. A dynamic instant liquidity buffer now enables near-instant withdrawals for both syrupUSDC and syrupUSDT, strengthening LP confidence and reducing friction for onchain interactions.
These improvements make syrupUSDC and syrupUSDT ideal building blocks for DeFi infrastructure. Scalable integrations with protocols such as Aave, Fluid, Sky, Kamino, and Jupiter unlock advanced strategies, higher capital efficiency, and greater flexibility for LPs.
Liquid and Consistent Yield
syrupUSDC and syrupUSDT deliver consistent base yields sourced from overcollateralized institutional loans, paired with near-instant liquidity and full collateral transparency. Deep liquidity, yield composability, and a rapidly expanding ecosystem position them as core primitives for onchain asset management and dollar-denominated yield.
Lender protection is embedded directly into Maple’s lending infrastructure through active margin calls. Borrowers are required to maintain overcollateralization at all times and are automatically margin called as collateral values approach liquidation thresholds.
This framework has proven resilient across all market conditions, with zero losses to date, including during sharp drawdowns such as October 10th.
Evolving Incentives for Sustainable Growth
Maple’s incentive model is evolving toward a more targeted and capital-efficient approach focused on specific, high-impact use cases. This ensures incentives flow where they create the most value for LPs while supporting sustainable growth at scale.
As part of this transition, Drips will be phased out at the end of 2025. As the supply of syrupUSDC and syrupUSDT grows, incentive structures must become more precise and aligned with strategic deployments.
The updated approach will place greater emphasis on partner integrations and targeted distribution, particularly for scaling deployments on new chains and enabling new protocol integrations. This reflects the role of syrupUSDC and syrupUSDT as core pillars of onchain asset management and DeFi infrastructure.
2026 and Beyond
Permissionless Integrations
Maple is evolving from MapleKit to Maple Builder Codes, enabling fully permissionless and customizable integrations. Partners will be able to onboard independently and configure key parameters, including revenue share percentages.
This removes remaining friction, accelerates ecosystem growth, and lays the foundation for expansion beyond DeFi-native use cases.
Expanding Beyond DeFi
Demand for dollar-denominated yields extends well beyond DeFi. Fintechs, neobanks, and centralized platforms are increasingly seeking reliable, transparent yield products for their users.
With institutional-grade risk management, real-time collateral transparency, and infrastructure that has performed across multiple market shocks, Maple is well positioned to serve this emerging vertical. Non-DeFi integrations represent a new category of crypto-native financial products, and Maple is prepared to lead this expansion.
Unlocking New Use Cases
Builder Codes will also unlock new onchain use cases for Maple assets. Permissionless integrations make it easier for protocols to incorporate syrupUSDC and syrupUSDT into novel frameworks, including use as collateral for perpetual futures.
These developments further cement syrupUSDC and syrupUSDT as core infrastructure primitives within the onchain financial system.
