Pool delegates create a pool and attract funding, from which they receive a portion of the establishment fee and the interest accrued. Liquidity providers add liquidity to the pool and receive a portion of the interest (supply-side fees).

Maple is a non-custodial lending protocol built on Ethereum offering undercollateralized loans for institutional borrowers. Maple was founded by Sid Powell and Joe Flanagan and launched in 2021.

MPL token holders govern and own the protocol. They currently take a cut of the establishment fee (revenue). Maple’s investors include Framework Ventures, One Block Capital, Stani Kulechov etc.

governance

github

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Lending

Maple Finance

# Maple Finance Treasury Methodology

## 1. Overview

Treasury measures the total value of the onchain treasury of Maple Finance, including its own native assets. The financial resources controlled by the project to fund operations, reward contributors, or invest in growth are reflected by this metric. Assets held in designated treasury addresses are tracked to determine the total financial reserves.

## 2. Data sources

- **Blockchain events**: ERC-20 transfers and native asset transfers affecting designated treasury addresses, covering Ethereum
- **External data**: End-of-day price feeds and asset metadata

## 3. Step-by-step calculation

### Component A: Net flow extraction

- **Purpose**: Extract daily net flows of ERC-20 assets and native assets for the designated treasury addresses
- **Logic**: Daily net flows of ERC-20 assets and native assets are extracted for the specified treasury addresses (`0xa9466eabd096449d650d5aeb0dd3da6f52fd0b19` and `0xd6d4bcde6c816f17889f1dd3000af0261b03a196`) on Ethereum. These flows are aggregated by day, address, and asset.
- **Key fields**: `timestamp`, `account_address`, `token_address`, `value`

### Component B: Cumulative balance calculation

- **Purpose**: Calculate the running balance of each asset held in the treasury
- **Logic**: Daily net flows are summed chronologically to compute the cumulative balance for each asset and treasury address. Missing daily records are filled forward from the last known balance to ensure continuous daily tracking. Asset balances are normalized by decimal precision using asset metadata.
- **Key fields**: `balance`, `token_address`, `account_address`

### Component C: Valuation and aggregation

- **Purpose**: Convert asset balances to USD and aggregate the total treasury value
- **Logic**: Cumulative daily balances are multiplied by end-of-day asset prices to determine the USD value of each asset. The valued balances are then aggregated across all tracked addresses and assets to calculate the total daily treasury value.
- **Key fields**: `price_usd`, `treasury`

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Total value of a project's onchain treasury, including its native token.

Maple FinanceSYRUP

Treasury

Treasury

Competitive landscape

Chain breakdown