Exodus and Syrup have revealed a new partnership.
Users of the Exodus wallet can now access Syrup and “earn 18% net APY on USDC as well as ‘double Drips’ on their deposit, boosting SYRUP token rewards.”
Exodus’ multi-chain desktop and mobile wallet “enables secure peer-to-peer transfer, self-custody, and swapping for more than 50 crypto-assets across 16 networks.”
Syrup is a DeFi lending protocol launched by Maple Finance, “currently offering 18% net APY on USDC. The yield is generated by providing overcollateralised loans to leading crypto institutions, with all loans backed by digital assets such as BTC, ETH and SOL.”
After a successful early access period, in which Syrup “surpassed $25M in TVL, the protocol is now live for public access, and participants in the Drips rewards program can enhance their token earnings by engaging with their integration partners.”
As such, they are pleased to announce their partnership with Exodus Wallet.
As part of the partnership, Exodus wallet users “who deposit USDC into Syrup.fi via the dApp browser in the Exodus mobile app will receive a 2x boost in Drip rewards alongside direct access to institutional yield.”
In addition to the enhanced Drips earnings for those who deposited “during the early access period, this boost will further compound Drips earnings.”
Joe Flanagan, Co-founder of Maple Finance, commented:
“Syrup extends the vision of Maple by leveraging Maple’s smart contract infrastructure, network of institutional borrowers and credit underwriting capabilities and making it accessible across DeFi. We’re thrilled to work alongside a wallet integration partner with the same emphasis on user experience and innovation.”
Notably, Exodus’ newest product, Passkeys Wallet, “is also now live.”
With Passkeys Wallet, developers can create “a seamless wallet onboarding experience that only requires a biometric ID or PIN login – no seed phrases or emails – all integrated within the dApp.”
This dApp-centric experience will “enable users to bridge from fiat to crypto in seconds and create access to cross-chain liquidity.”
As noted in the update, Syrup is a DeFi protocol launched by Maple Finance. Maple is a leader in collateralized lending, “providing direct lending opportunities to institutional borrowers backed by digital assets.”
Maple’s digital asset lending infrastructure has “facilitated more than $4.1B in loan originations and currently has $290.7M in total value locked.”
Syrup provides permissionless access “to Maple’s institutional yield opportunities. Syrup TVL has surpassed $27M in TVL in less than a month.”
Founded in 2015, Exodus is a provider of digital asset wallet infrastructure. Beginning as a desktop application focused on Bitcoin, the company’s emphasis “on user experience, permissionless access, and multi-chain integrations has underpinned its growth to more than 40 countries and 4.5 million customers.”
