Maple Finance's onchain lending market has exceeded $250 million in total value locked (TVL), signaling growing institutional appetite for onchain credit.

The growth is substantially driven by offerings like syrupUSDC, a yield-bearing stablecoin developed in partnership with Kamino. This product allows holders to earn a native yield derived from a diversified portfolio of collateralized, fixed-rate loans to institutional borrowers.

This model provides a clear example of real-world credit being facilitated through DeFi infrastructure. According to a Q4 treasury report, Maple's DeFi-facing operations grew by over 70%, underlining the rapid expansion of institutional-grade lending products within the crypto ecosystem.