On-Chain Lending Platform Maple's Assets Shrink; SYRUP Falls 48.6% Over Past Four Weeks

TechFlow news, November 10: According to The Defiant, the governance token SYRUP of on-chain lending platform Maple Finance fell 48.6% over approximately four weeks as of early morning on November 10, dropping from $0.2685 to $0.1381. Bitcoin and Ethereum declined 11% and 16.4%, respectively, over the same period.

DefiLlama data shows Maple's total value locked at $2.22 billion; Maple's dashboard shows syrupUSDC assets under management at $2.36 billion. By comparison, the two figures reported on October 19 were $2.71 billion and $2.68 billion.

SYRUP is a governance token, distinct from yield-bearing dollar products syrupUSDC and syrupUSDT; the token's price decline does not imply equivalent losses in these lending products.

Source: TechFlow