syrupUSDG wallet

What is syrupUSDG (SYRUPUSDG)?

Two separate things are stacked inside syrupUSDG, and a holder should be able to name both. The bottom layer is USDG, a dollar stablecoin issued by Paxos. The top layer is Syrup, the deposit front end for Maple's institutional lending business: USDG placed there is lent to vetted borrowers against collateral worth more than the loan, and syrupUSDG is the ERC-20 receipt for a share of that pool.

That makes it a claim, not a dollar. The number of syrupUSDG in the wallet stays where it is; what moves is how much USDG each unit is worth on redemption, which is why a portfolio view may show it drifting away from an even 1.00 and why sending it to someone expecting a plain stablecoin is a mistake. Redeeming runs through Syrup itself rather than a swap, so the holder should assume an exit takes a process and not a single transaction.

Supported networks in Tangem (3): Arbitrum One, Ethereum, Robinhood. The token is an ordinary ERC-20 there, so a transfer costs ETH from the same wallet.

Nothing about the position asks the owner to act. The share sits still while the pool's accounting happens on the network, and the Tangem app simply queries the current state when it is opened. Keys are generated inside the card and never copied out, so a card that spends months untouched in a drawer is exactly the handling a claim like this one wants.