syrupUSDC Surpasses $1 Billion in Cross-Chain AUM Amid Rapid Ecosystem Expansion
syrupUSDC recently surpassed $1 billion in cross-chain assets under management, marking a significant milestone for Maple Finance's yield-bearing stablecoin. The asset has experienced substantial growth following strategic deployments across multiple blockchain networks.
Base Network Launch and Aave Integration
syrupUSDC was deployed on Base around January 22, 2026, and was quickly onboarded to Aave V3, with its initial $50 million deposit cap being filled rapidly. The Aave DAO approved Proposal 437 to onboard syrupUSDC to the Aave V3 Base instance, setting a supply cap of 50 million syrupUSDC and enabling it as collateral in E-Mode with a maximum Loan-to-Value (LTV) of 90%.
This expansion represents a critical step in broadening syrupUSDC's accessibility. The rapid filling of the deposit cap on Aave V3 demonstrates strong demand for institutional credit yields, which are generated by Maple issuing short-duration loans at 5–9% to borrowers.
Multi-Chain Deployment and Ecosystem Growth
In 2025, syrupUSDC and syrupUSDT expanded beyond Ethereum, with deployments on Solana, Plasma, Arbitrum, and Base. These launches brought Maple's yield-bearing mechanics to new ecosystems and unlocked integrations across the broader DeFi landscape.
Jupiter has announced the launch of a new vault that enables users to borrow JupUSD against their holdings of syrupUSDC from Maple Finance. This integration offers competitive loan parameters, including loan-to-value (LTV) ratios up to 88% and a liquidation threshold of 90%.
Yield Performance and Reward Distribution
The "Syrup Seasons 1 to 7" program has maintained an average total yield of 20.5% since its launch, with Season 7 specifically delivering an average total Annual Percentage Yield (APY) of 16.4%. Holders of SYRUP from these seasons can claim their next reward batch on February 18, 2026, with an option to convert Drips (rewards accrued at a rate of 4000 Drips to 1 SYRUP) to staked SYRUP for further earnings.
Upcoming Investor Call and Product Roadmap
Maple will host an investor call on Feb 26 to present updates on syrupUSDC scaling, including its integration with Aave on Base. Maple is planning to introduce "Builder Codes" in 2026, which will allow partners to integrate Maple products like syrupUSDC and syrupUSDT into mainstream platforms autonomously. This development aims to enable permissionless and customizable integrations, allowing partners to independently onboard and configure parameters such as revenue share percentages.
Market Performance
The trading volume of syrupUSDC (SYRUPUSDC) is $8,148,728.82 in the last 24 hours, representing a 80.70% increase from one day ago and signalling a recent rise in market activity. The token is currently trading at $1.15 with a market capitalization of approximately $1.69 billion.