syrupUSDG's capital through Maple's wallets
syrupUSDG through Maple's wallets, 11 Nov
How $48.2M returns as borrowing against syrupUSDG
syrupUSDG poolallocates $48.2M of USDG- Maple wallet 0xBE8Fsupplies the USDG
Aave v4 spoke and Morpho vaultlend it out- Borrowers post syrupUSDGand borrow the USDG
USDG borrowed this way can go back into syrupUSDG: Maple's own allocation funds leverage on the pool's shares.
Getting this USDG back depends on the venues' spare liquidity; the Morpho vault lends 98.6% of its assets against syrupUSDG.
Traced: the $30M client facility, 30 Oct
- syrupUSDG facility drawn$30M
- Maple wallet 0xBE8F…7c27$30M
Converted to USDC$30M
Supplied to Maple ISL2 USDC$30M- Client's USDC loan (Maple)per Maple
$43.2M of reported BTC collateral backs the facility; it is not part of this route.
| Strategy allocation through Maple wallet 0xBE8F | syrupUSDC shares | $46,300,005.00 | 4.75 | Strategy position (not collateral) | 0xb695276a16b7315facf6a7bcf02702338de76fed | 2026-11-11 |
| Client loan through Maple wallet 0xBE8F | Client facility | $30,000,000.00 | 6.25 | BTC 137.1% | 0x7bf3c2ea9d769dc5bdf30b3da39b4d6a07f979aa | 2026-11-11 |
| Strategy allocation through Maple wallet 0xBE8F | Morpho vault (Arbitrum) | $28,150,000.00 | 4 | Strategy position (not collateral) | 0xd8c8757a7114c8806f3da9abd4de2cd73b3bd35f | 2026-11-11 |
| Strategy allocation through Maple wallet 0xBE8F | Aave v4 SyrupUSDG spoke | $20,000,000.00 | 4 | Strategy position (not collateral) | 0x49a42fc563821da1e9120aba9fc2f48ee7a0fa81 | 2026-11-11 |
| Strategy allocation through Maple wallet 0xBE8F | Morpho Midnight | $20,000,000.00 | 5.75 | Strategy position (not collateral) | 0x9453826b3aa30b40d4c1493904cda3e515e72b81 | 2026-11-11 |
| Strategy allocation through Maple wallet 0xBE8F | Morpho PYUSD vault | $10,000,000.00 | 4 | Strategy position (not collateral) | 0x69afc78f1b858d627990da8dea9db2a20f5ae839 | 2026-11-11 |
| Strategy allocation through Maple wallet 0xBE8F | syrupUSDT shares | $5,000,000.00 | 4.75 | Strategy position (not collateral) | 0xc3d5e78d31db39d1dc8782bb38541ec50a102c9f | 2026-11-11 |
| Strategy allocation through Maple wallet 0x1D2F | DEX liquidity (0x1D2F) | $3,000,000.00 | 1 | Strategy position (not collateral) | 0x6f997de033d77ba37a77b64e554a848d275a62f9 | 2026-11-11 |
| Strategy allocation through Maple wallet 0x1D2F | DEX liquidity (0x1D2F) | $2,000,000.00 | 1 | Strategy position (not collateral) | 0x3d040ac54ac37646e40ec7a4816e43a780aa6f84 | 2026-11-11 |
| Strategy allocation through Maple wallet 0xBE8F | PYUSD | $1,540,005.00 | 3.75 | Strategy position (not collateral) | 0x8536ec4e2bf7d3cc797c0b25ffe8ad11a132cdb1 | 2026-11-11 |
| Strategy allocation through Maple wallet 0x1D2F | DEX liquidity (0x1D2F) | $1,000,000.00 | 1 | Strategy position (not collateral) | 0x3742bde8a8d4cf3d0c32acec3446d37fd89a11e3 | 2026-11-11 |
| Venue | Aave v4 Maple SyrupUSDG spoke (Global Dollar hub) | n/a | n/a | Collateral: syrupUSDG. 0xBE8F supplies $20.0M of USDG, earning 5.1% a year. | n/a | 2026-11-11 |
| Venue | Morpho Gauntlet USDG Premium (Arbitrum) | n/a | n/a | 98.6% lent against syrupUSDG at 91.5% LLTV. 0xBE8F holds $28.2M of an $84.4M vault; 2.5% a year, 7.0% with ARB rewards. | n/a | 2026-11-11 |
| Venue | Morpho Midnight (Ethereum) | n/a | n/a | 0xBE8F lends $20.1M USDC at fixed rates of 3.6% to 4.2%, maturing 27 Nov and 25 Dec. | n/a | 2026-11-11 |
| Venue | Morpho PayPal USD Main (Ethereum) | n/a | n/a | 0xBE8F holds $10.0M of a $355M PYUSD vault; 2.1% a year, 5.3% with rewards. | n/a | 2026-11-11 |
| Traced $30M client facility | Reported BTC collateral | $43,238,000.00 | n/a | n/a | n/a | 2026-10-30 |
| Traced $30M client facility | USDG facility drawn | $30,000,000.00 | n/a | n/a | n/a | 2026-10-30 |
| Traced $30M client facility | USDC supplied to Maple ISL2 USDC | $29,999,900.00 | n/a | n/a | n/a | 2026-10-30 |
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