How a Syrup pool works
1
Lending
open-term loans
Lenders
deposit stablecoins, get syrup shares
Pool
an ERC-4626 vault; the Pool Delegate approves each loan
Loan manager
funds and tracks loan contracts
Loan contract
each loan is its own contract
Borrower
draws principal, pays interest and fees
Principal
Interest, fees and repayment
2
Liquidity allocations
strategies
Pool
capital allocated to support liquidity
Strategies
direct strategies and allocations through loan contracts
Cash deployed
Cash returned
3
Redeeming
queue
Lenders
ask to redeem shares
Withdrawal queue
first in, first out
Pool
pays in stablecoins from cash, strategies or repaid loans
Request
Payout
Updated Oct 19, 2026
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