Key Points
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Binance will list Maple Finance (SYRUP) and Kamino Finance (KMNO) for spot trading on May 6 at 15:00 UTC.
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Maple Finance focuses on secured institutional lending, with over $6.8 billion in loans issued.
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Kamino Finance offers a unified DeFi platform on Solana, integrating lending, liquidity provision, and leverage via a suite of tools and vaults.
Binance has announced it will open spot trading for two new digital assets, Maple Finance (SYRUP) and Kamino Finance (KMNO), on May 6, 2025, at 15:00 UTC.
The listings expand the exchange’s offerings in decentralized finance, with each token representing different innovations in lending and liquidity management.
Both tokens will be available through standard spot pairs upon listing.
Maple Finance (SYRUP): Lending Infrastructure for Institutions
Maple Finance is a protocol focused on secured institutional lending within the digital asset ecosystem. It aims to provide curated lending products backed by on-chain transparency and robust collateralization.
Key features of Maple Finance include:
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Over $6.88 billion in total loans issued
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More than $1.3 billion in total value locked (TVL)
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165%+ collateral ratios to protect lender funds
The platform operates multiple lending pools with different risk profiles. These include:
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Blue Chip Secured Lending Pool: Offers loans overcollateralized by BTC and ETH with target APYs around 7%.
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High Yield Secured Lending Pool: Includes BTC, ETH, and liquid altcoins as collateral, with target APYs of 10%.
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BTC Yield Program: Allows BTC holders to earn yield in native BTC without relinquishing custody.
Maple emphasizes transparency and visibility via its use of blockchain-based lending data and reporting systems. It is designed for verified institutional participants and aims to scale digital asset lending with tailored, low-cost structures.
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Kamino Finance (KMNO): Solana-Based Liquidity and Lending Protocol
Kamino Finance is built on the Solana blockchain and focuses on concentrated liquidity management, combining lending, liquidity provision, and leverage into a unified suite of DeFi tools.
At the time of writing, the platform reports over $836 million in TVL.
The protocol’s product architecture includes:
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Automated Liquidity Vaults: These allow users to deploy capital into concentrated liquidity pools, earning yield through optimized rebalancing and trading fee auto-compounding.
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kTokens: Yield-bearing LP tokens used across the Kamino ecosystem, including as collateral.
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K-Lend: Kamino’s peer-to-pool lending protocol, which supports collateral-efficient borrowing via its “Elevation Mode,” inspired by Aave’s Efficiency Mode.
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Multiply and Long/Short Vaults: Tools for leveraged exposure on assets like SOL.
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DIY Vault Creator: Enables users to design custom liquidity provisioning strategies.
Kamino also features a points-based rewards system (Kamino Points), which contributes to user airdrops and protocol engagement.