[ARFC] Onboard syrupUSDC to Aave V3 Core Instance
Author: ACI
Date: 2025-06-27
Summary
This proposal seeks to onboard syrupUSDC — a USDC-based yield-bearing token issued by Maple Finance — as a collateral asset on Aave V3 Core Instance. syrupUSDC is built on top of Maple’s infrastructure and offers access to overcollateralized, fixed-rate institutional loans, providing high and consistent yields to DeFi users.
Maple, launched in 2021, is an on-chain Asset Manager with decades of traditional finance and crypto experience. As of June 2025, Maple has $2.3b in AUM. Maple combines deep capital markets expertise with DeFi innovation to offer digital asset lending and yield products.
Motivation
Onboarding syrupUSDC to Aave V3 Core Instance provides:
- New Token Type: A new collateral option backed by real yield from fixed-rate institutional lending strategies
- AAVE TVL: Maple has a large network of institutional capital allocators, ready to allocate $500M+ USDC/USDT into syrupUSDC if it is available on Aave as collateral to loop it and get to their hurdle rates.
- Higher Rates and Utilization: Increases USDC rates and utilization due to strong expected borrower demand.
- Growth Incentives: Maple has $250k of incentives available to bootstrap the growth for Aave users.
The Aave and Maple partnership will enable:
- New Yield Opportunities: Commercial alignment with Maple’s large institutional network, unlocking additional yield generation opportunities for Aave.
- GHO Adoption: Maple can help with growing other strategic priorities for Aave, including GHO adoption. Eg GHO lending to institutions.
- Future Collaboration: Future asset listings, including the Maple liquid yielding Bitcoin asset.
Specification
Ticker: syrupUSC
Yield bearing token.
It’s a USDC based, yield bearing token whose principal and yield are backed by the secured lending strategy of Maple. (More details below).
Technical details: ERC-4626 token standard built on top of the Maple’s smart contracts.
High Yield. Maple has a track record of generating consistent high underlying yield of 7-15% net APY.
Loans are fully collateralised by digital assets ensuring lending positions are protected, even if borrowers default or asset prices fall. More on: Maple Finance.
Risk Parameters will be provided by Risk Services Providers at the earliest possible on ARFC stage and ARFC will be updated with that feedback.
Useful links:
Website: https://maple.finance/
App: Maple Finance
Disclosure
ACI (Aave Chan Initiative) is not affiliated with Maple Finance and has not received compensation for creating this proposal.
Next Steps
- Publication of a standard ARFC, collect community & service providers feedback before escalating proposal to ARFC snapshot stage.
- If the ARFC snapshot outcome is YAE, publish an AIP vote for final confirmation and enforcement of the proposal.
Copyright
Copyright and related rights waived via CC0.