# \[TEMP CHECK\] Onboard syrupUSDC to Aave V3 Core Instance **URL:** \ **Category:** New Asset\ **Created:** [June 18, 2025, 2:10pm UTC](https://governance.aave.com/t/temp-check-onboard-syrupusdc-to-aave-v3-core-instance/22381 "2025-06-18T14:10:32Z")\ **Posts on this page:** 4\ **Page:** 1
**Author:** ![ACI](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/aci/32/4780_2.png) [@ACI](https://governance.aave.com/u/ACI)\ **Post date:** [June 18, 2025, 2:10pm UTC](https://governance.aave.com/t/temp-check-onboard-syrupusdc-to-aave-v3-core-instance/22381/1 "2025-06-18T14:10:32Z")
# [TEMP CHECK] Onboard syrupUSDC to Aave V3 Core Instance ### Author: ACI ### Date: 2025-06-18 * * * ### **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](https://app.maple.finance/earn). 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/](https://maple.finance/) App: [Maple Finance](https://app.maple.finance/earn/details) ### **Disclosure** ACI (Aave Chan Initiative) is not affiliated with Maple Finance and has not received compensation for creating this proposal. ### **Next Steps** 1. If consensus is reached on this [TEMP CHECK], escalate this proposal to the Snapshot stage. 2. If the Snapshot outcome is YAE, this proposal will be escalated to ARFC stage. 3. Publication of a standard ARFC, collect community & service providers feedback before escalating proposal to ARFC snapshot stage. 4. 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](https://creativecommons.org/publicdomain/zero/1.0/). ---
**Author:** ![sid\_areta](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/sid_areta/32/5220_2.png) [@sid\_areta](https://governance.aave.com/u/sid_areta)\ **Post date:** [June 19, 2025, 2:30pm UTC](https://governance.aave.com/t/temp-check-onboard-syrupusdc-to-aave-v3-core-instance/22381/2 "2025-06-19T14:30:55Z")
Excited to see the risk analysis for syrupUSDC and to potentially onboard the token. Maple has grown impressively over the last year and is a more institutional use case that we think Aave is perfect for. ---
**Author:** ![EzR3aL](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/ezr3al/32/10721_2.png) [@EzR3aL](https://governance.aave.com/u/EzR3aL)\ **Post date:** [June 19, 2025, 4:19pm UTC](https://governance.aave.com/t/temp-check-onboard-syrupusdc-to-aave-v3-core-instance/22381/3 "2025-06-19T16:19:07Z")
Maples growth is a great success and with its current market cap a suitable candidate for onboarding. ---
**Author:** ![ACI](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/aci/32/4780_2.png) [@ACI](https://governance.aave.com/u/ACI)\ **Post date:** [June 23, 2025, 7:32am UTC](https://governance.aave.com/t/temp-check-onboard-syrupusdc-to-aave-v3-core-instance/22381/4 "2025-06-23T07:32:08Z")
The current proposal has been escalated to [TEMP CHECK Snapshot](https://snapshot.box/#/s:aavedao.eth/proposal/0xf5951af5d6d7d70be998a72c531708db3ff9c46b033e3e27bfd59fb87542d0ea). Vote will start tomorrow, we encourage everyone to participate.