There's a pattern with DeFi protocols that actually make it.
They stop being one thing and become infra while managing it to sustain it even in a bear market.
Maple is exactly doing that. It started as institutional lending and has scaled beyond it.
➢ Total AUM sits at $4.5B+
➢ $20B in loans originated (Currently has $2.4B active loans)
➢ Generated $8M+ in fees last month
➢ $SYRUP is sitting at $317M mcap
Most yield sources in DeFi are synthetic. Maple's comes from overcollateralized loans to real borrowers. It is one of those projects that experienced extraordinary growth this cycle.
That's the difference.