maple

Joe Flanagan, co-founder of the on-chain asset management platform Maple, announced his decision to leave Maple. He stated that Maple has been the center of his life for the past seven years, and leading and building this company has been his full commitment. His partnership with co-founder Sid Powell has lasted nearly a decade, during which they built a business that he has always been proud of. Over time, their views on strategy, leadership style, and life orientation have gradually diverged, and these differences are no longer beneficial to the team or the business. He believes it is more appropriate for one co-founder to continue leading Maple forward than to allow these differences to persist and widen.Joe Flanagan stated that as a co-founder, he needs to agree with the decisions he has participated in, the direction he asks others to follow, and the choices for which he still needs to be responsible. He mentioned that he can no longer continue to do so with conviction and loyalty to his own values, and therefore chose to leave rather than continue to support a direction he cannot agree with. He will assist with the transition for the remainder of this year and provide support as requested by Sid and the team, after which he will no longer participate in Maple. He also stated that he has not left the industry and is currently formulating his next steps, which he will share more about soon. Maple officially confirmed that Joe Flanagan will step down as chairman and leave the company, describing this as an orderly transition agreed upon by both parties, with the company's direction remaining unchanged; since 2019, he has helped Maple expand its managed assets to $4.8 billion and its loan issuance to $20 billion.

The institutional lending agreement Maple announced that the revenue for August was 1.47 million USD, an increase from 1.37 million USD in July, marking four consecutive months of growth.Of this, 10% of the revenue was used for the SYRUP buyback conducted this month according to MIP-021, amounting to 147,098 USD, with a total of 676,294 SYRUP repurchased at an average price of 0.2175 USD.

The financial AI platform Oro, which transforms complex user intentions into multi-step executions, announced the completion of a $3 million strategic financing round, led jointly by MH Ventures and Mapleblock Capital, with participation from M2M Capital, Archer Capital, and X21 Digital. Disrupt.com and ZIGLabs provide subsequent strategic support, bringing the total financing amount to $4 million. The funds will be used to advance core AI and agent research and development (including the proprietary Shield Engine and natural language execution stack), global market and user acquisition, build a self-hosted compliance framework with policy constraints, and expand engineering, AI research, and enterprise B2B teams.Oro converts natural language prompts into multi-step transaction paths in a non-custodial, user-signature manner. The official disclosure states that there are already over 350,000 independent active users, supporting more than 80 languages, and has completed mainnet integrations with Morpho, Kamino, Lido, Aave, Uniswap, Raydium, etc.; the activities with Ondo Finance saw over 50,000 verifications completed on the first day of launch. The company's goal is to reach 10 million active users in the next 6 to 12 months, launch native iOS and Android applications, and expand integration as a B2B and B2C intent routing layer.

On-chain credit protocol Maple Finance announced the launch of a new product syrupUSDG, which has gone live on the Robinhood Chain. The risk management agency Steakhouse Financial has approved syrupUSDG as collateral for the Robinhood Earn vault.This collaboration is supported by Morpho providing vault infrastructure, Paxos responsible for the compliant issuance of USDG, and Robinhood handling the distribution channel to millions of users. syrupUSDG is currently available on Ethereum and the Robinhood Chain, with plans to support more chains in the future.

According to The Block, Kraken has partnered with the on-chain institutional lending platform Maple to launch an on-chain storage facility for digital asset collateralized loans. This facility will provide USDC liquidity to Kraken's over-the-counter lending clients, allowing borrowers to use crypto assets such as BTC and ETH as collateral.

Maple Finance announced that there is a security vulnerability in its web application. The issue has been fixed, but out of caution, we will temporarily shut down the web application to ensure the fix is thoroughly completed.The team stated that the smart contracts were not affected and user deposits are safe. The team will notify users once the web application is back online.

According to Arkham data, at 04:13, 702,000 EUL (worth approximately $2.3167 million) was transferred from Syrup.fi (Maple Finance) to an anonymous address (starting with 0x7700...).

Relayer Capital founder Austin Barack stated that the DeFi platform Maple Finance has issued its largest single loan in history, amounting to $500 million, while its total outstanding loans have reached an all-time high.Relayer Capital refers to its token $SYRUP as a high-conviction holding and indicates that multiple data points continue to reinforce confidence in the project's execution and the team's capabilities.

Relayer Capital founder Austin Barack stated that Maple Finance completed the largest single loan in history yesterday—$500 million—while its outstanding borrows reached an all-time high, marking a strong end to 2025 and becoming one of the most representative growth cases in the DeFi space. Maple's native token SYRUP is one of the core holdings of highest certainty for Relayer Capital.

According to Arkham data, at 12:09, 13.8577 million SYRUP (worth approximately 3.925 million USD) was transferred from Syrup.fi (Maple Finance) to an anonymous address (starting with 0xcDeC...).

According to Arkham data, at 05:16, 69.8941 million SYRUP (worth approximately 17.89 million USD) was transferred from Syrup.fi (Maple Finance) to FalconX.

According to The Defiant, a court in the Cayman Islands issued an injunction this week to prevent Maple Finance from launching its yield-bearing Bitcoin product syrupBTC, highlighting the gap between DeFi products and traditional legal frameworks. Core Foundation accused Maple of breaching an exclusivity agreement by using information obtained during their collaboration on IstBTC to create a competing product, syrupBTC.Maple manages over $3 billion in assets and denies any wrongdoing, stating that syrupBTC was developed independently and that it will return 85% of the principal to BTC Yield lenders, with the remaining 15% to be released after the legal dispute is resolved.Experts point out that this case shows that even decentralized blockchain products must comply with real-world contracts and laws. Block Street CEO Hedy Wang stated: off-chain contracts are still important; DeFi is not a lawless territory. Axelar legal advisor Jason Rozovsky emphasized that assets should be stored in a bankruptcy-remote manner to protect user rights.

Core Foundation announced that the Grand Court of the Cayman Islands found that Maple Finance has "serious issues to be examined" regarding the alleged violation of confidentiality obligations and exclusive cooperation terms during the joint development of lstBTC.Core Foundation stated that since the beginning of their collaboration in early 2025, they have invested substantial resources in technology development, marketing, and product subsidies. However, Maple Finance has since been accused of using related confidential information to develop competing products, violating the 24-month exclusive cooperation agreement between the two parties. Regarding Maple Finance's announcement of the need to impair assets in the Bitcoin Yield product, Core Foundation pointed out that it remains unclear why Maple Finance is unable to return the lenders' bitcoins and emphasized that its actions reflect significant doubts about Maple Finance's business operations.

According to Arkham data, at 23:57, 5,004,400 SYRUP (worth approximately $2.41 million) was transferred from Syrup.fi (Maple Finance) to an anonymous address (starting with 0xdb05...).

ChainCatcher news, according to The Defiant, the yield-bearing stablecoin SyrupUSDC issued by the asset management platform Maple surpassed a circulation of $1 billion on September 3, an increase of about 18% from last month and a growth of 59% since the beginning of summer. On the same day, Maple announced that SyrupUSDC will soon be available on the Ethereum Layer 2 Arbitrum and will integrate DRIP incentives.

ChainCatcher news, Token Terminal data shows that the on-chain institutional credit protocol Maple Finance achieved over $1 million in revenue in May, setting a new record for the highest monthly revenue in history.

ChainCatcher news, according to the official website, Maple Finance has officially integrated with OKX Wallet, allowing users to seamlessly access Maple Finance through OKX Wallet and participate in on-chain services such as crypto asset lending and staking.It is reported that Maple Finance is an on-chain institutional capital market that provides under-collateralized loans to institutional borrowers and fixed income opportunities for lenders. OKX Wallet is an industry-leading one-stop Web3 gateway, supporting over 130 popular public chains, and offers a seamless experience across four platforms: app, plugin, web, and Telegram Mini wallet, creating an efficient and convenient on-chain interaction environment for users.

ChainCatcher news, according to Bloomberg, Cantor Fitzgerald has officially launched its $2 billion Bitcoin collateral loan program, with the first round of financing targeting crypto broker FalconX and decentralized credit platform Maple Finance. FalconX plans to withdraw over $100 million under the credit framework in collaboration with Cantor, and Maple has completed its first loan issuance.

ChainCatcher news, according to the announcement from Huobi HTX, Huobi HTX has opened the deposit service for NXPC on May 16 at 14:30 (GMT+8). The NXPC/USDT spot trading will open on May 16 at 16:00 (GMT+8). The withdrawal service for NXPC will open on May 17 at 16:00 (GMT+8).It is reported that MapleStory Universe is an innovative virtual world ecosystem designed to integrate and upgrade the content of the classic IP "MapleStory" through blockchain. As a core platform that combines creativity, collaboration, and community interaction, MapleStory Universe provides players with an immersive and ever-evolving space, redefining the interactive gaming experience and offering players unprecedented freedom and sense of participation.