syrupUSDC vaults
- This stablecoin does not have a price feed available at the moment and we are unable to display peg/depeg rates.
About syrupUSDC vaults
Maple Syrup USDC syrupUSDC is used in 4 stablecoin vaults with $1.3M TVLacross 2 protocols. The largest vaults are K3 Capital RLUSD, Royco Senior Tranche syrupUSDC, Covered Syrup USDCand the most popular vault protocols are Euler and Royco. The last 30 days' average yield is 2.5%.
1 vault is excluded from this ranking due to minimum TVL requirements or risk issues.
About Maple Syrup USDC
syrupUSDC is Maple Finance's yield-bearing USDC receipt token issued through the Syrup permissionless lending platform. Users deposit USDC and receive syrupUSDC, which accrues value over time as the underlying pool earns yield from fixed-rate, overcollateralised institutional loans. It had over $1B circulating supply in 2026.
syrupUSDC is issued by Maple Finance through its permissionless Syrup platform, which brings Maple's institutional credit market to DeFi users without KYC requirements.
When users deposit USDC into the Syrup pool they receive syrupUSDC at the current exchange rate. The token's price appreciates continuously as the pool earns income from fixed-rate, overcollateralised loans made to institutional borrowers. The portfolio blends Maple's High Yield Secured and Blue Chip Secured lending strategies, targeting 6–10% APY depending on borrower demand.
The contract operates as an ERC-4626 vault and redemptions execute at the smart contract exchange rate with no slippage. Near-instant withdrawals are available through a dynamic liquidity buffer introduced in April 2025. syrupUSDC is deployed on Ethereum, Base, and Arbitrum, and is integrated into major DeFi protocols including Aave, Fluid, and Sky.
Maple Finance has originated over $20B in total loans and reached $4.6B+ in AUM by end of 2025, with zero losses to date across its lending pools. syrupUSDC is tracked on CoinGecko and DeFiLlama.
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| 3M price | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Royco Junior Tranche syrupUSDC Royco | 8.3%* | 7.1%* | 3.3%* | 18.2 | 0.4% | 0.0% | syrupUSDC | $15.35K $307.13K | 0.5 | --- | Unknown | Unknown |  | ||
Royco Senior Tranche syrupUSDC Royco | 5.1%* | 4.9%* | 2.4%* | 16.7 | 0.3% | 0.0% | syrupUSDC | $606.98K $2.47M | 0.5 | --- | Unknown | Unknown |  | ||
K3 Capital RLUSD Euler | 0.0% | 0.0% | 0.0% | --- | 0.0% | 0.0% | syrupUSDC | $638.90K $70.00M | 0.6 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Covered Syrup USDC Unknown vault protocol | -1.3%* | --- | -0.2%* | -11.3 | 0.1% | -0.2% | syrupUSDC | $54.97K $55.06K | 0.1 | --- | Capped | Unknown |  |
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