About
syrupUSDC is a yield-bearing token issued by Maple Finance, representing a yield-bearing version of USDC. It is designed for lenders within the Maple ecosystem, allowing them to earn yield by depositing USDC into lending pools that finance institutional borrowers. The token accrues yield from the interest payments made by these borrowers, managed through Maple’s lending protocol.
Categories
Risks
Performance History
TVL/YPO History
Historical Data
APY/Benchmarks History
FAQ on Mechanisms and Risks
Can I incur a loss?
Yes, should the permissioned borrowers incur a bad debt onto a pool.
How can I withdraw?
Swap syrupUSDC for another token on a DEX, or request withdrawal and wait for your funds up to 30 days (most withdrawals are processed in under 24 hours).
How can I verify the backing?
The onchain collateral backing each loan can be checked in the dapp with associated collateral pool links.
How is yield produced?
The yield is generated via the Maple's pools which act as lenders to the permissioned borowers.
Can the yield decrease in the long term?
Yes, the yield for the pools is set manually by the protocol. This means the yield levels can vary over time.
