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@maplefinance has rotated from strength while the rest of DeFi de-risked. After the Q2 rsETH exploit drove a liquidity exodus from Aave, capital rotated toward venues with zero exposure, and Maple was one of them. Outstanding loans are now back near all-time highs at $1.5B.
With net interest income being the main driver of revenue for the protocol, Maple relies heavily on the growth of their asset management arm to grow revenue and drive value back to $SYRUP holders through the SSF.
Growing asset diversification with their recent acceptance of $HYPE as collateral will be a catalyst to push originations higher.
syrUP