$0.09
24h
-12.96%
3 Jul, 20:27
Bullish on Maple Finance due to Robinhood partnership
Bullish-38.53%
AI Summary
The author is extremely bullish on Maple Finance ($SYRUP) due to their new partnership with Robinhood Chain and launch of syrupUSDG, believing Maple will benefit regardless of crypto market direction.
Note: @maplefinance just announced yet another massively bullish piece of news this week!
Which is that they are now live on Robinhood's new chain....
And have launched their newest yield-bearing asset - $syrupUSDG!
$syrupUSDG will join its sticky-sweet anabolic brethren $syrupUSDC (currently $1.30B in circulating mc) and $syrupUSDT (currently $495M)...
As noted in the announcement:
" $syrupUSDG brings Maple's institutional credit strategies to a regulated dollar, USDG, and is now live on Robinhood Chain...
Steakhouse approved Maple’s syrupUSDG as collateral for the vault used in Robinhood Earn, the first decentralized lending product available within the Robinhood app... "
This is an EXTREMELY significant partnership for obvious reasons...
Maple consistently provides some of the highest at-scale yields in crypto, and this partnership will bring those yields directly to Robinhood users...
As per the available data I could find, Robinhood currently has 22.7M funded accounts, 16.6M monthly active users, and $221B in total user assets...
That makes the launch of Robinhood Chain in general super bullish for crypto IMHO, and also extremely bullish for Maple specifically...
And it also represents a perfect example of why I think Maple will win long-term...
In that their success is very much tied to the inherent superiority of crypto as financial tech, and also agnostic to the overall directionality of the crypto space...
Re: the latter... the point is that it does not matter if Bitcoin sees outsized success or Ethereum bounces back and dominates or whether neither do well but stablecoins explode or whether Hyperliquid eats it all...
Whatever direction things go in crypto, Maple will benefit.
They will keep racking up AUM and keep announcing huge fintech partnerships and keep expanding into new areas...
And one day- 10 years from now- we're all going to wake up and suddenly see that they are a huge part of the (increasingly on-chain) global financial space.. and one of the most prominent success stories within the crypto world...
But yeah- as always- I own a ton of the $SYRUP token and I work with the team (hence partnership tag on this) and could not be more bullish on everything they are doing 💪🥞
Will link to some associated good stuff below!