Maple Finance says verified collateral totals $1.89B across 3 overcollateralized products

Maple Finance’s SYRUP, a decentralized lending protocol, said it asked The Network Firm to conduct an unscheduled proof-of-reserves review and that all three products remained overcollateralized as of 5:11 p.m. UTC on Nov. 13. Collateral ratios stood at 156.2% for syrupUSDC, 137.7% for syrupUSDT, and 150.8% for syrupUSDG, while total verified collateral amounted to $1.89 billion, according to the protocol. It added withdrawal requests were being processed as designed under each pool’s standard withdrawal procedures.