枫树金融（糖浆）

Maple Finance是建立在区块链技术的基础上的贷款市场。它将需要贷款的企业与希望赚取回报的投资者联系起来。

Maple Finance is a decentralized lending marketplace that connects businesses needing loans with investors looking to earn returns. The platform, which launched in 2019, aims to make lending simpler and more accessible through decentralized finance.

Maple Finance是一个分散的贷款市场，它将需要贷款与希望赚取回报的投资者联系起来。该平台于2019年推出，旨在通过分散的金融使贷款更简单，更容易获得。

Unlike many DeFi platforms that demand heavy collateral, Maple enables undercollateralized loans by leveraging the reputation of borrowers. Simply put, it focuses on loans that require less upfront security.

与许多要求重大抵押品的Defi平台不同，Maple通过利用借款人的声誉来实现底层化贷款。简而言之，它专注于需要更少前期安全性的贷款。

What Is Maple Finance?

什么是枫树金融？

Maple Finance is a lending marketplace built on blockchain technology, primarily Ethereum. The marketplace serves institutions (like crypto firms or financial entities) and accredited individual investors.

Maple Finance是建立在区块链技术（主要是以太坊）上的贷款市场。该市场为机构（例如加密公司或金融实体）提供服务，并获得了认可的个人投资者。

The platform handles a common DeFi issue: the need for borrowers to lock up more assets than they borrow. By using borrowers’ reputations to secure loans, Maple offers a more flexible approach, blending traditional financial checks with blockchain’s transparency.

该平台处理了一个常见的违规问题：借款人需要锁定比借款更多的资产。通过使用借款人的声誉来确保贷款，Maple提供了一种更灵活的方法，将传统的财务检查与区块链的透明度融为一体。

How Does Maple Finance Work?

枫木金融如何运作？

Maple Finance acts like a bridge between those who want to lend money and those who need to borrow it. Lenders pool their funds in what’s called Liquidity Pools, which are overseen by Pool Delegates. These pools then fund loans to businesses, with blockchain ensuring everything is secure and trackable.

枫木金融就像想要借钱的人和需要借钱的人之间的桥梁。贷款人将资金汇集在所谓的流动性池中，这些流动性池是由游泳池代表监督的。然后，这些游泳池为企业提供资金，并通过区块链确保一切安全和可追踪。

Liquidity pools and lending

流动性池和贷款

Liquidity Pools are the backbone of Maple’s lending system. Lenders, including institutions and accredited individuals, deposit digital assets (such as USDC or other stablecoins) into these pools to earn interest.

流动性池是枫树贷款系统的骨干。贷方，包括机构和经认可的个人，将数字资产（例如USDC或其他Stablecoins）存入这些池中以赢得利息。

Pool Delegates manage the pools, deciding who gets loans and on what terms. Lenders gain access to a range of high-quality borrowers, earning steady returns from short-term, overcollateralized loans.

游泳池委托管理池，决定谁获得贷款以及按什么条款获得贷款。贷方可以进入一系列高质量的借款人，从短期，超额化贷款获得稳定的回报。

You don’t need to own Maple’s token, SYRUP, to lend. Through the Maple WebApp, lenders can add funds, keep an eye on their investments, and withdraw money following the guidelines. This setup is designed to prioritize reliable returns and easy access to funds, with all loans backed by collateral to reduce risks.

您无需拥有枫木的糖浆即可借用。通过Maple WebApp，贷方可以增加资金，关注他们的投资，并按照准则提取资金。该设置旨在优先考虑可靠的收益和轻松获得资金，所有贷款都由抵押品支持以降低风险。

Borrowing money

借钱

Borrowers on Maple are mainly businesses, such as crypto companies or financial institutions, looking for flexible financing. To get a loan, they sign up on the Maple WebApp and go through a review process run by Pool Delegates. This involves checking their financial health and reputation, allowing Maple to offer loans with less collateral than typical DeFi platforms.

枫树上的借款人主要是企业，例如加密货币公司或金融机构，寻找灵活的融资。为了获得贷款，他们在Maple WebApp上注册，并通过Pool代表进行的审核过程。这涉及检查他们的财务状况和声誉，使Maple提供的贷款比典型的Defi平台更少。

Loans are usually fixed-rate, short-term, and backed by some collateral, which lowers the chance of sudden liquidations. Borrowers can benefit from flexible terms and access to on-chain financing, which tends to be more efficient than traditional banking services. The platform’s openness ensures everyone understands the loan terms upfront.

贷款通常是固定利率的，短期的，并由某些抵押品支持，这降低了突然清算的机会。借款人可以从灵活的条款中受益并获得链上融资，这比传统的银行服务往往更有效。平台的开放性确保每个人都可以预先了解贷款条款。

The role of Pool Delegates

池代表的角色

Pool Delegates are the ones who keep things running smoothly. They evaluate borrowers, set loan conditions, and manage the pools, acting like credit managers. Their work is to ensure that loans are secure and aligned with lenders’ interests. They are responsible for managing risk (e.g., handling defaults, margin calls, and liquidations) and earn fees for their work.

游泳池代表是使事情顺利进行的。他们评估借款人，设定贷款条件并管理池，像信贷经理一样行事。他们的工作是确保贷款安全并与贷方的利益保持一致。他们负责管理风险（例如处理违约，保证金电话和清算），并为其工作赚取费用。

Pool Delegates are selected for their expertise in credit underwriting, making them a key component of the platform’s operations. However, Maple’s official documentation mentions potential challenges in aligning third-party delegates with the platform’s goals, which suggests that there is still room for improvement.

池代表被选为其信用承销方面的专业知识，使其成为平台运营的关键组成部分。但是，Maple的官方文档提到了将第三方代表与平台的目标保持一致的潜在挑战，这表明仍有改进的余地。

Key Features of Maple Finance

枫树融资的主要特征

Maple Finance has several features that set it apart in the DeFi space:

Maple Finance具有几个功能，可以在Defi空间中与众不同：

Less collateral needed: By leveraging borrowers’ reputations, Maple reduces collateral requirements, making financing more capital-efficient for institutions.

较少的抵押品：通过利用借款人的声誉，枫树降低了抵押品要求，从而使融资对机构的资本效率提高。

Professional standards: It combines blockchain efficiency with rigorous financial checks, appealing to institutional players.

专业标准：它结合了区块链效率与严格的财务检查，对机构参与者的吸引力。

Blockchain transparency: Running on Ethereum and other networks, Maple uses smart contracts for automation, transparency, and real-time monitoring.

区块链透明度：在以太坊和其他网络上运行，Maple使用智能合约进行自动化，透明度和实时监控。

Product offerings: Products like the Cash Management Pool, which invests in US Treasury bills, or Maple Direct for custom loans, can cater to different user needs.

产品产品：像现金管理池这样的产品，该产品投资于美国国库账单，或直接用于定制贷款的产品，可以满足不同的用户需求。

Partnerships: Maple Finance made collaborations with entities like Circle (for USDC adoption) and Ethena Labs (for real-world asset scaling).

合作伙伴关系：Maple Finance与Circle（用于USDC采用）和Ethena Labs（用于现实世界中的资产规模）等实体进行了合作。

SYRUP Token

糖浆令牌

Maple’s operations are guided by its token, SYRUP, which replaced an earlier token called MPL in 2023 after a community vote. SYRUP holders can participate in share fee revenues, help make decisions about the platform governance, and stake tokens to help protect liquidity pools against losses.

Maple的操作以其代币糖浆为指导，该糖浆在社区投票后在2023年取代了较早的名为MPL。糖浆持有人可以参与股票收入，有助于对平台治理做出决定，并参与股票代币，以帮助保护流动性池免受损失。

SYRUP on Binance

含糖的糖浆

On May 6, 2025, Binance announced the listing of Maple Finance (SYRUP) with the Seed Tag applied. The SYRUP token was made available for trading against USDT and USDC trading pairs on the same day.

2025年5月6日，Binance宣布了使用种子标签的枫树融资（糖浆）上市。糖浆令牌可在同一天与USDT和USDC交易对交易。

SYRUP smart contracts

糖浆智能合约

Ethereum: 0x643C4E15d7d62Ad0aBeC4a9BD4b001aA3Ef52d66

以太坊：0x643C4E15D7D62AD0ABEC4A9BD4BD4B001AA3EF52D66

Base: 0x688AEe022AA544f150678B8E5720b6b96a9

基础：0x688AEE022AA544F150678B8E5720B6B96A9