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Maple (SYRUP) is up 26% over the past week, outperforming all other money markets in our lending index. Alongside Sky, it is the only asset in the index with a positive year-to-date performance, and by a broad margin, up 112% vs. Sky’s 7%. What’s driving Maple’s strength, and how has it remained resilient despite challenging market conditions?

Maple, as one of DeFi’s longest-standing lending protocols, was able to come back from the 2022 credit crisis by pivoting away from undercollateralized lending toward a fully secured, overcollateralized model, with an institutional approach:…

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