Introduction

Maple Finance is a leading lending platform focused on institutional credit markets. Maple connects lenders seeking yield with corporate and institutional borrowers seeking capital, using smart contracts to manage professionally underwritten, overcollateralized loans. After surviving the late-2022 crypto credit meltdown, Maple has staged a striking comeback with assets under management (AUM) surging nearly 10x since January 2025, reaching an all-time high above $2.35b. Active loans similarly increased to roughly $885m outstanding, making Maple one of the largest crypto lenders.

This resurgence is underpinned by Maple’s shift to a safer lending model, focusing on short-term, overcollateralized loans via...