The lending protocol Aave has partnered with the on-chain credit platform Maple Finance to connect institutional capital with decentralized liquidity.
This integration, announced on Tuesday, will bring Maple's yield-bearing stablecoins—syrupUSDC and syrupUSDT—to Aave. SyrupUSDC will be listed on Aave's core market, while syrupUSDT will be available in its Plasma instance.
These tokens are backed by the assets of Maple's on-chain credit pool, which manages billions of dollars in institutional capital from allocators and borrowers. According to Maple, this move aims to "stabilize lending demand and improve capital efficiency in the Aave market."
Aave allows users to deposit cryptocurrencies for yield or to borrow against their held assets through smart contracts. By adding Maple's collateral, the protocol seeks to diversify liquidity sources and balance lending activity, although it remains unclear how much institutional capital will flow through this integration.
According to DefiLlama data, Aave currently holds over $39 billion in total locked value (TVL), while Maple Finance's TVL is approximately $2.78 billion.
This partnership comes less than a month after Aave announced plans to launch the V4 upgrade by the end of 2025, which will introduce a modular "hub-and-spoke" design with shared liquidity, new risk controls, and an improved liquidation engine.
According to a Binance research report, decentralized lending protocols have risen over 72% from the beginning of the year to September 3, driven by increased institutional use of stablecoins and tokenized real-world assets (RWA).
Binance stated, "With the acceleration of stablecoin and tokenized asset adoption, DeFi lending protocols are increasingly capable of facilitating institutional participation."
Maple Finance is riding this trend. According to on-chain data, the protocol's total locked value has surged from $296.9 million on January 1, 2025, to $2.78 billion.
The company expanded its syrupUSD stablecoin to the Solana blockchain in June, deploying $30 million in liquidity.
Maple Finance's rebound comes after the company faced challenges in 2022 due to the FTX-Alameda collapse, including loan defaults resulting from exposure to FTX-related entities such as Orthogonal Trading. Related: Tokens evaporate 75% within hours as Astra Nova experiences "hacker theft" dilemma.
Original article: “Maple Finance stablecoins debut in Aave's on-chain lending market”
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