Maple Finance’s SYRUP Falls 48.6% in Four Weeks as Assets Contract

Cointime reports: Maple Finance’s governance token SYRUP fell 48.6% over roughly four weeks to November 10, dropping from $0.2685 to $0.1381, while bitcoin and ether declined 11% and 16.4% respectively. DefiLlama data put Maple’s total value locked at $2.22 billion, and the Maple dashboard showed syrupUSDC assets under management at $2.36 billion, down from $2.71 billion and $2.68 billion reported on October 19. SYRUP is a governance token distinct from the yield-bearing syrupUSDC and syrupUSDT products.