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Plasma is pleased to announce a partnership with Maple Finance to open a Yield Reserve, with plans to launch syrupUSDT in the future.

2 hours ago

On September 15th, Plasma declared a partnership with Maple Finance in order to enhance on-chain credit layers. It also launched the syrupUSDT deposit pool to provide seed funding for the initial liquidity. The official statement pointed out that Plasma is the optimal deployment option for the Maple USDT market, making it the third blockchain deployment for Maple. By linking USDT liquidity with the Maple market, both parties will establish a core institutional credit layer on Plasma. Maple will cooperate with Midas to open the deposit pool and offer support for liquidity on the first day of the Plasma network's launch. The syrupUSDT deposit pool has a limit of $200 million, and users can make deposits using major stablecoins and syrupUSDT. This will be the final deposit pool before the launch of the Plasma mainnet Beta version. The deposit pool will officially start on September 16th at 21:00 Beijing time. Along with Maple's deployment, the on-chain asset management firm will also introduce syrupUSDT on Plasma and fully integrate it into our DeFi ecosystem.
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