Maple Finance has released its 2024 Founder Letter, highlighting key milestones and setting bold objectives for the upcoming year.

2024 Highlights:

• $2.3 billion in new originations

• TVL reached a two-year high of $600 million

• Annualized protocol revenue hit $6 million

The platform emphasized its focus on overcollateralized lending, with its High Yield Secured lending pool achieving significant growth in Q2, driven by ~20% yields. Additionally, Syrup.fi, a new product launched in 2024, contributed $300 million in TVL during Q3 by bringing institutional-grade yields to permissionless DeFi.

2025 Targets include reaching $4 billion TVL, securing the first $100M+ TradFi and DeFi partners, and surpassing $35M in protocol revenue.

A major transition was also announced, with over 70% of MPL tokens migrated to SYRUP, which will become the sole governance token for the ecosystem by April 2025.