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syrupUSDT(SYRUPUSDT)

Token Price$1.13

24h Change-0.13%

All Time HighJun 1, 2026$1.13

All Time LowSep 30, 2025$1.09

Key Metrics

Market Cap$410.52m

Fully Diluted Valuation$410.52m

Circ. Supply364.32m SYRUPUSDT

Volume 24h$311,802

CEX Volume$0

DEX Volume$381,769

Risks

How much debt can be issued against SYRUPUSDT as collateral across lending protocols.

Maximum possible exposure to SYRUPUSDT

$37.25m

$25.74m (max additional borrows against SYRUPUSDT) + $11.51m (bad debt if SYRUPUSDT was hacked now)

Fluid

$24.84m at-risk exposure = $601,970 bad debt if hacked + $24.24m additional borrowable against SYRUPUSDT

Venus Flux

$8.61m at-risk exposure = $7.18m bad debt if hacked + $1.43m additional borrowable against SYRUPUSDT

Morpho V1

$368,066 at-risk exposure = $297,743 bad debt if hacked + $70,323 additional borrowable against SYRUPUSDT

Euler V2

$9,113 at-risk exposure = $3,596 bad debt if hacked + $5,516 additional borrowable against SYRUPUSDT

Aave V3

$3.43m at-risk exposure = $3.43m bad debt if hacked + $0.16 additional borrowable against SYRUPUSDT

Methodology and limitations

Showing collateral exposure for SYRUPUSDT on onchain. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.

These metrics describe lending exposure only and are not a full protocol risk rating.
This view does not include multisigs, timelocks, audits, oracle incidents, listing discussions, curator reports, or protocol backstops.
Chain-specific drilldown is exact only when the token resolves to a concrete chain:address.

Show exposure details

Each row is one protocol-chain exposure for SYRUPUSDT as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.

Protocol	Chain
Fluid	Ethereum	syrupUSDT0x356b8d89c1e1239cbbb9de4815c39a1474d5ba7d	$22.79m	$71,875
Fluid	Plasma	syrupUSDT0xc4374775489cb9c56003bf2c9b12495fc64f0771	$1.45m	$530,095
Venus Flux	BSC	syrupUSDT0x8e9d4cea39299323fe8eda678cad449718556c4e	$1.43m	$7.18m
Morpho V1	Ethereum	syrupUSDT0x356b8d89c1e1239cbbb9de4815c39a1474d5ba7d	$70,323	$297,743
Euler V2	Plasma	syrupUSDT0xc4374775489cb9c56003bf2c9b12495fc64f0771	$5,516	$3,596
Aave V3	Ethereum	syrupUSDT0x356b8d89c1e1239cbbb9de4815c39a1474d5ba7d	$0.16	$3.43m

Risk Timeline

Risk-management actions published about SYRUPUSDT by tracked risk managers and governance contributors, newest first.

4 actions

contributor@0x8541cCfc6E7EAcEbD233C6789a0FbF7C708B0E68snapshot.box/s:sparkfi.eth

3 months ago

→Spark Liquidity Layer: Adjust USDT Rate Limits for SparkLend, Aave, and Maple

Used as a tactical, lower-liquidity yield allocation via term loans on Maple, deposit max is reduced (25M from 50M) to keep exposure down, but slope raised (100M/day from 10M/day) for better throughput. Withdrawals are newly limited (50M max and 500M/day slope from unlimited) to manage non-atomic redemptions and avoid pending volume issues during faults, sufficient to clear expected allocations in under a day.

contributor@0x8541cCfc6E7EAcEbD233C6789a0FbF7C708B0E68snapshot.box/s:sparkfi.eth

7 months ago

→Spark Liquidity Layer Onboarding with Anchorage

Spark intends to expand offchain lending to include syrupUSDT via Maple in the future, but this proposal focuses on Anchorage onboarding without affecting it.

contributor@ACIgovernance.aave.com

7 months ago

↑Onboard syrupUSDT to Aave V3 Core Instance

syrupUSDT, a yield-bearing USDT token from Maple Finance, is being onboarded as collateral following the approval of syrupUSDC on the Core Instance. Significant user demand and the instance's deep stablecoin liquidity support its addition with conservative parameters like 0.05% LTV.

contributor@0x8541cCfc6E7EAcEbD233C6789a0FbF7C708B0E68snapshot.box/s:sparkfi.eth

7 months ago

↑Spark Liquidity Layer: Onboard syrupUSDT

The syrupUSDT pool has grown to significant size and healthy liquidity depth following recent Plasma predeposit and incentives campaigns, making it viable for integration after previously being too small. Its backing composition mirrors syrupUSDC, relying on offchain collateralized lending with assets held in custodians, and unborrowed liquidity is deposited in Aave Core aUSDT.

Token Usage

An is required to view token usage.

Yields

Tracking 10 pools, average APY 1.05%

Pool	Project
open in new tab SYRUPUSDT	Aave V3	$177.92m	0%	0%	0%
open in new tab SYRUPUSDT	Aave V3	$90.1m	0%	0%	0%
open in new tab SYRUPUSDT-USDT0.08%	Uniswap V4	$10m	0.90%	0.90%	1.17%
open in new tab SYRUPUSDT	Aave V3	$3.83m	0%	0%	0%
open in new tab SYRUPUSDT	Fluid Lending	$477,756	0%	0%	0%
open in new tab SYRUPUSDT	Morpho Blue	$363,532	0%		0%
open in new tab USDT-SYRUPUSDT0.08%	Uniswap V4	$244,503	1.19%	1.19%	3.17%
open in new tab SYRUPUSDT	Fluid Lending	$124,114	0%	0%	0%
open in new tab SYRUPUSDT	Fluid Lending	$91,895	0%	0%	0%
open in new tab SYRUPUSDT	Fluid Lending	$20,145	0%	0%	0%

Borrow

Showing 10 of 25 routes

Pool	Project
open in new tabSYRUPUSDT ➞ WBTC	Aave V3	$1.994b	0%	0%	-0.35%	0.05%	$3.83m	$0
open in new tabSYRUPUSDT ➞ CBBTC	Aave V3	$1.102b	0%	0%	-0.29%	0.05%	$3.83m	$0
open in new tabSYRUPUSDT ➞ WETH	Aave V3	$728.54m	0%	0%	-2.10%	0.05%	$3.83m	$0
open in new tabSYRUPUSDT ➞ USDE	Aave V3	$137.22m	0%	0%	-2.68%	0.05%	$3.83m	$0
open in new tabSYRUPUSDT ➞ TBTC	Aave V3	$128.55m	0%	0%	-0.27%	0.05%	$3.83m	$0
open in new tabSYRUPUSDT ➞ LINK	Aave V3	$78.26m	0%	0%	-0.86%	0.05%	$3.83m	$0
open in new tabSYRUPUSDT ➞ WETH	Aave V3	$4.55m	0%	0%	-2.02%	0.05%	$3.83m	$0
open in new tabSYRUPUSDT ➞ LUSD	Aave V3	$1.33m	0%	0%	-2.10%	0.05%	$3.83m	$0
open in new tabSYRUPUSDT ➞ CRVUSD	Aave V3	$133,491	0%	0%	-2.56%	0.05%	$3.83m	$0
open in new tabSYRUPUSDT ➞ GHO	Aave V3	$7,815	0%	0%	-2.75%	0.05%	$3.83m	$0

Page 1 of 3

Overview

syrupUSDT(SYRUPUSDT)

Key Metrics

Risks

Risk Timeline

→Spark Liquidity Layer: Adjust USDT Rate Limits for SparkLend, Aave, and Maple

→Spark Liquidity Layer Onboarding with Anchorage

↑Onboard syrupUSDT to Aave V3 Core Instance

↑Spark Liquidity Layer: Onboard syrupUSDT

Token Usage

Yields

Borrow