Profile
syrupUSDT profile facts
Maple syrupUSDT (syrupUSDT) static profile: governance model CeFi-Dependent; backing model Real-World Asset Backed; peg USDT-denominated NAV.
Variant relationship
Maple syrupUSDT (syrupUSDT) is modeled as a strategy vault variant of Tether (USDT). Pharos treats parent stress, redemption, mint authority, and dependency context as relevant to this variant before interpreting its own live metrics.
- Collateral
- USDT deposits lent to institutional borrowers via overcollateralized, fixed-rate loans on Maple Finance
- Peg mechanism
- ERC-4626 vault; USDT deposited into Maple lending pools, NAV appreciates with accrued interest; protocol withdrawals are requested onchain and serviced through a FIFO queue as liquidity becomes available
- Jurisdiction
- Not disclosed in the static profile.
- Proof of reserves
- Independent Attestation by The Network Firm (combined syrupUSDC and syrupUSDT loan-collateral verification; dashboard last verified 2026-09-29 at 01:00 UTC; no token-liability reconciliation or audit opinion disclosed) Reserve source
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
syrupUSDT quick answers
5
What is Maple syrupUSDT (syrupUSDT)?
syrupUSDT is Maple's ERC-4626 receipt for USDT lent to institutional borrowers as overcollateralized fixed-rate loans; withdrawals served by a FIFO queue. The static profile records its USDT-denominated NAV accounting mechanism as: ERC-4626 vault; USDT deposited into Maple lending pools, NAV appreciates with accrued interest; protocol withdrawals are requested onchain and serviced through a FIFO queue as liquidity becomes available.
Is syrupUSDT safe?
As of Oct 24, 2026, Pharos grades syrupUSDT C+ (60/100) on its Safety Score. Pharos's reviews record that admin controls such as a pause or an upgradeable contract exist, though no power to freeze a specific holder was found, and direct redemption is limited to whitelisted primary-market participants. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs syrupUSDT?
Pharos records syrupUSDT's reserves in its review of Sep 21, 2026 as 100% Maple syrupUSDT deployed strategy positions and under 0.1% Maple syrupUSDT idle underlying. Reserve evidence: Independent Attestation. Pharos classifies the backing as Real-World Asset Backed.
Can syrupUSDT be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, admin controls such as a global pause or an upgradeable contract are recorded, but the review found no active power to freeze or seize a specific holder's balance on material deployments.
How do you redeem syrupUSDT?
Under the route Pharos reviewed on Mar 23, 2026, whitelisted primary-market participants can redeem syrupUSDT for a single stable asset, such as cash or a stablecoin. Requests go through a redemption queue. The reviewed terms charge no percentage redemption fee. Whether a given holder qualifies is set by the route's own terms, not by this summary.
