Maple Finance wallet

What is Maple Finance (SYRUP)?

SYRUP is the token of Maple Finance, a lending protocol where institutional borrowers take overcollateralized loans and lenders deposit stablecoins into pools. The token itself is not the lending product: it is the governance and staking asset of the protocol. Holders vote on Maple proposals and can stake SYRUP in the staking contract, receiving stSYRUP in return. Both the plain token and the staked version are ordinary ERC-20 contracts, and SYRUP does not rebase or change balance on its own while it sits in a wallet.

The main thing a holder should keep straight is the family of similar-looking names. SYRUP is the protocol token. syrupUSDC and syrupUSDT are something else entirely: they are receipt tokens you get for depositing stablecoins into Maple's permissionless lending pools, and their value tracks the pool rather than the SYRUP token. stSYRUP is your staked SYRUP, not a separate asset you buy. And MPL is the old Maple token: it was converted into SYRUP at a fixed rate and has been retired, so an MPL balance is a leftover from the migration, not a second position.

SYRUP is native to Ethereum and also circulates on Base as a bridged version of the same token. On both networks, transfers are paid in ETH, so keep a little in the same wallet. Supported networks in Tangem (2): Base, Ethereum. In the Tangem app an Ethereum SYRUP and a Base SYRUP are two separate entries with their own balances, so when you send, you are choosing the network line explicitly rather than trusting a default, and the transaction is signed by tapping the card to the phone. For a token whose confusion risk lies in its lookalikes and its two homes rather than in any exotic mechanics, that explicit choice is exactly what a holder wants.