Aave is integrating structured return tokens backed by real-world assets into its lending protocol by partnering with Maple.
Summary
- Aave and Maple partnered to bring institutional capital to DeFi
- Maple will include yield-bearing assets in Aave’s credit protocol
- The partnership begins with the launch of syrupUSDT on Aave’s Plasma
As institutional interest in DeFi grows, major players are taking steps. On Tuesday, October 21, on-chain asset manager Maple and decentralized credit protocol Aave teamed up to bridge the gap between institutional capital and on-chain liquidity.
Notably, Maple will bring yield-bearing assets to Aave, including the yield-bearing stablecoin syrup USDT. According to the two companies, these “institutional quality” assets will increase Aave’s liquidity and attract institutional capital. Additionally, the partnership will also give Aave access to Maple’s network of borrowers.
“This partnership brings together Maple’s high-quality institutional assets with Aave’s deep liquidity and unparalleled scale,” said Stani Kulechov, founder of Aave. “Institutions will gain greater utility and deeper liquidity, allowing them to better manage their capital.”
The partnership kicks off with the launch of Maple’s yield-bearing stablecoin syrupUSDT on Aave’s Plasma instance. SyrupUSDC will be launched in Aave’s core market shortly thereafter. The two firms stated that more Maple assets will follow.
Maple and Aave will bridge the gap between DeFi and TradFi
syrupUSDC and syrupUSDT are tokenized yield-bearing products backed by institutional loans managed by Maple. According to the company, these overextended assets open up institutional lending opportunities to a broader range of market participants.
“At its core, this integration is about connecting two critical pieces of infrastructure: deep liquidity and high-quality credit,” said Sid Powell co-founder Sid Powell. “By aligning two of the most established protocols in the industry, this move lays the foundation for the next phase of sustainable growth in decentralized finance, where institutional capital and decentralized protocols work together at scale.”
Powell told crypto.news that the partnership “strengthens the core infrastructure of DeFi.” He also stated that it shows how “mature protocols can work together to drive sustainable growth for the entire ecosystem.”
