Asset Manager Maple Finance’s launch of Syrupusdt on Plasma achieved a fast start, with the pre-deposit Kluis organized by Midas almost full of just after opening at 9 o’clock on Tuesday.
Prior to the website that accepted deposits, the $ 200 million vault already had $ 199.91 million or 99.95% of its limit, since users stacked directly through the smart contracts. Deposits are locked for two months with a minimum size of $ 125,000, per Maple website.
Syrupusdt pre-deposit safe
The solid question is probably due to the vault that offers rewards related to plasmas upcoming Mainstet Launch and Token Generation Event (TGE), giving participants a allocation of XPL -Tokens. Plasma is a long -awaited blockchain launched by Tether, the emitting of USDT, the largest stablecoin with a market capitalization of more than $ 170 billion. The XPL Token is traded at a rating of $ 7 billion on hyperliquid pre-markets, more than 1300% above its ICO price.
“Implementing dollar yield products in various blockchain ecosystems shows Maple’s range and distribution as an on-chain asset manager,” said Sid Powell, CEO of Maple, according to a press release. “Plasma’s high performance and focus on USDT-Op A natural way to the mission of Maple to deliver sustainable, composite and high-quality dollar yield to scale.”
Powell added that he believes that this expansion will improve liquidity in the ecosystem and at the same time support the purpose of Maple of $ 5 billion in assets under management (AUM) for this year. Maple is currently supervising more than $ 3.5 billion, according to her website.
The launch also corresponds to a broader Defi trend of projects that are increasingly working in several chains. Less than two weeks ago Maple SyrupusDC rolled out on Arbitrum, an Ethereum Layer 2 network with almost $ 3.7 billion in TVL, according to Defillama.
The expansion contributes to the existing presence of Maple on Ethereum and Solana, and follows the launch of the new Drip Rewards program from Arbitrum, with which users can earn ARB -Tokens when borrowing against SyrupusDC.
Maple smoking indigenous syrups is currently changing ownership of $ 0.43, flat in the day. The asset manager, which was launched in 2021, has experienced a large TVL growth this year and currently sets to around $ 2.5 billion out of $ 298 million at the beginning of 2025, per Defillama.
