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Onchain asset manager Maple is expanding its yield-bearing US dollar token syrupUSDC to Coinbase’s Base network.
The move aims to connect institutional credit products with Base’s growing Ethereum layer-2 ecosystem.
Maple said the launch provides a direct route into Coinbase’s wider user base and product suite.
An Aave governance proposal is currently live to list syrupUSDC as collateral on the Aave V3 Base instance.
Maple said Chainlink infrastructure will support interoperability between Ethereum and Base.
The firm said syrupUSDC is designed to function as composable collateral across DeFi lending and leverage strategies.
“The products are built on overcollateralised loans with collateral values trackable in real time,”
Sid Powell said.
Powell described Base as a key next step for Maple due to its rapid DeFi growth and distribution reach.
“Its growth would be boosted further by the Aave listing,”
Sid Powell said.
Maple said loan books backing syrupUSDC include margin call thresholds and liquidation protections.
The company added that leverage is capped through Aave’s loan-to-value limits and internal safeguards.
Base creator Jesse Pollak said Maple brings “institutional-grade infrastructure” to strengthen the network’s DeFi stack.
At the time of reporting, Ethereum price was $2,950.14.