Maple Finance’s SYRUP falls as lending-related assets shrink

SYRUP, the native token of DeFi lending protocol Maple Finance, has dropped around 50% as lending-related assets have declined, fueling concerns over the protocol’s liquidity and capital outflows, according to an analysis by The Defiant. Maple Finance’s total value locked currently stands at $2.22 billion. Assets under management for syrupUSDC, a stablecoin-based yield product, were $2.36 billion, down from $2.68 billion recorded on Oct. 19. The decline in syrupUSDC indicates that capital allocated to lending and yield products within the Maple ecosystem is shrinking.