1/ @Maplefinance, an institutional overcollateralized lending protocol, is demonstrating a significant resurgence, with TVL now exceeding $1B.
This thread breaks down fundamentals, growth trajectory, current valuations, and revenue:

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On December 18th, at an important conference chaired by the Prime Minister, Mr. Phan Duc Trung, Chairman of the Vietnam Blockchain Association, gave a direct report on the implementation of the Vietnam Blockchain Network (Viet...).

VNeID begins integrating blockchain technology.

The Bank of Japan (BOJ) has officially raised its benchmark interest rate to its highest level in 30 years, marking a significant turning point in the monetary policy of the world's third-largest economy.

Japan continues to raise interest rates to their highest level in 30 years.

Original article | Odaily Odaily(@OdailyChina)
Author | Asher (@Asher_0210)
On December 17, dingaling, the founder of the prediction market platform predict.fun, announced on the X platform that the platform has been officially launched and airdropped initial points to Meme traders on BNB Chain, Aster participants, and active users of various prediction markets.
Compared to traditional market forecasting firms like Polymarket and Kalshi...

A step-by-step guide to participating in the CZ-supported event predict.fun

2/ Initially an undercollateralized lending protocol, Maple's v1 loan book peaked at $910M in 2022. The FTX collapse led to $54M in defaults, reducing active loans to $18M by March 2023.
This catalyzed a strategic pivot to a v2 model, emphasizing secured, overcollateralized

3/ Following its v2 upgrade, Maple Direct began originating its own KYC-gated loans.
The May 2024 launch of Syrup pools (SyrupUSDC &amp; SyrupUSDT) under Reg S unlocked DeFi liquidity. Syrup loans surged from $4M to $64M in the quarter post-launch and became the primary driver for 

4/ SyrupUSDC achieves sustainable, high yields (avg. 10.8% APY, 11.3% median YTD 2025), outperforming benchmarks like aUSDC (+6.6ppt) &amp; DSR (+4.6ppt). This is driven by:
1) Fixed-term institutional loans via Maple Direct.
2) Idle capital deployed into Aave/Maker (per 

5/ Maple’s second major growth vector is istBTC, addressing institutional demand for native Bitcoin yield. It aims for approximately 5% APY on BTC through a custody-first model (leveraging Core Chain's "Satoshi Plus"), mitigating smart contract and custody risks.
Demonstrating

6/ Maple's distinct revenue advantage lies in its diversified streams via Maple Direct, earning from yield strategies on institutional capital and collateral management, not just borrower fees.
April revenue rose 70%; annualized revenue is ~$7.4M, yielding a P/S ratio of ~43x 

7/ For a comprehensive analysis covering detailed valuations, catalysts, forecasts, tokenomics, and risk vectors for Maple Finance, find the full report by @shaundadevens on @blockworksres 