Provider at a glance
- Category
- Private Credit
- Entity
- Not verified
- Official website
- maple.finance
Independent rankingchecked How it works
Details
Scored 77 out of 100 under methodology 2026.10.18, from the evidence read in September 2026.
Maple Finance
Pooled lending to institutional borrowers
Private Credit
#2 Overall
Ranked #2 of 7 private credit in the published ranking
77
ChainChoice Score
The ChainChoice Score, shown against 100: published scores run from 41 to 99.- High evidence confidence
Is Maple Finance right for you?
Right for you if these matter most
- Depositor's legal claim9/10, the category best
- Redemption terms and gating7/10; the category best is 8
Look elsewhere if these come first
- Published default and loss history3/10 here; Kasu Finance scores 4
- Named underwriter and first-loss capital5/10 here; Kasu Finance scores 8
Not yet tested for your country. Markets it lists: Global. Restricted: United States, Australia.
to test where you can use it.
The rank above is the published one, the same for every reader. Find my best private credit protocol shows where it lands for you.
What will Maple Finance cost you?
Not priced on this basis
- Your balance
- $10k
How safe is Maple Finance?
- Evidence: verified4 of 4 criteria rest on quoted, sourced receipts. Read September 2026.
- LicenceMiCA (EU): no register record on file here.
Alternatives to Maple Finance
Compare all 4- 1Kasu Finance1 point above · stronger on underwriter identity and skin (8 against 5)78
- 3Pareto8 points below · stronger on redemption terms and gating (8 against 7)69
- 4Clearpool11 points below · stronger on loss history disclosure (4 against 3)66
For your setup
Find out if Maple Finance fits you
The rank above is the published one — the same for every visitor. Answer the category's questions and this section shows where Maple Finance lands for you, which criteria your answers weight up, and which stated needs the record does or does not meet. The published rank stays beside it.
- A few questions
- No account required
- Ranking-blind: no commercial input
- Personalised in under 60 seconds
Find my best private credit protocolNothing is inferred from clicks, popularity or commercial value.
Why this rank
Why Maple Finance ranks #2
Each strength is read from evidence on a 0–10 ladder and weighted as the published methodology states. The 32 objective points these produce (18.6 here) sit inside the score; availability, friction, trust record and measured data add the rest. Best in this ranking on 1 of 4.
4 published criteria · Σ weight 100
CriterionWeightStrength · 0–10ScoreContrib.MedianBestRankEvidence
303+2.883.05#4/7Loading evidence…
255+4.005.08#3/7Loading evidence…
259+7.204.09#1/7Loading evidence…
207+4.485.08#2/7Loading evidence…
Hairline = best in this ranking · tick = its median · a missing bar is "not scored", never zero
Margin−1behind Kasu Finance, #1
RobustnessOne point from changingacross a one-point change to each of its 4 criterion scores, the re-run scores 75–78 and ranks #1–#2
Evidence4 of 4 scored4 quoted, 4 with a source link
What would move the rank
Each line is the ranking run again with one of Maple Finance’s criterion scores changed and every other value held: the smallest whole-point change on that criterion that moves its rank, and where the re-run puts it. Up to 4 climbs and 3 falls are listed, smallest change first. Nothing here is a forecast.
Published default and loss history 3 → 4 on its ladder · passes Kasu Finance+178#2 → #1
Named underwriter and first-loss capital 5 → 6 on its ladder · passes Kasu Finance+178#2 → #1
Depositor's legal claim 9 → 10 on its ladder · passes Kasu Finance+178#2 → #1
Redemption terms and gating 7 → 8 on its ladder · passes Kasu Finance+178#2 → #1
Depositor's legal claim 9 → 3 on its ladder · Pareto passes it−668#2 → #3
Redemption terms and gating 7 → 0 on its ladder · Pareto passes it−768#2 → #3
Smallest climb: published default and loss history 3 → 4 passes Kasu Finance, #1.
Strengths
2 from the score dataWhere it leads
Best for readers who weight
- Depositor's legal claim — 9/10, the category best
- Redemption terms and gating — 7/10, category best 8/10
Tradeoffs
2 from the score dataWhere it trails
Not for readers who put first
- Published default and loss history — 3/10 against a category best of 5/10
- Named underwriter and first-loss capital — 5/10 against a category best of 8/10
Record watch-outs
- Maple is the name that defined onchain private credit and it has largely left the business. Its own risk page says Maple is not a lender and describes overcollateralized lending, and the protocol's own API returned a 147.33% collateral ratio on 2026-08-07 — meaning the dominant product is a crypto-collateralised money market, closer to the lending_borrowing category than to lending against off-chain credit. Price the headline accordingly. Maple's API returns a daily apy series for syrupUSDC that fell monotonically over the trailing week, from 4.90% on 2026-07-31 to 4.68% on 2026-08-06, while the Transparency page still displays 4.9% — that is the oldest value in the seven-day window, not the newest. Against a usdBenchmarkApy of 3.52% for 2026-08-06, the credit spread actually being paid on the current number is 4.68 − 3.52 = 1.16 percentage points, not the roughly 1.4 points the advertised figure implies. DefiLlama put Maple TVL at $2,356,349,375 on 2026-08-07.
Competitive position
Where Maple Finance leads and where it trails
Rank on every objective dimension among the rows scored on it. A criterion in the top third of its pool is listed as a lead, the bottom third as a trail; the middle is neither. Popularity, size and commercial terms are not dimensions.
Availability#1 / 714.0 of 20 · constant here
Published criteria#2 / 713.9 of 30 · best 14.3
Friction#1 / 72.7 of 10 · constant here
Trust record#1 / 73.2 of 8 · constant here
Measured data#1 / 76.9 of 18 · constant here
Where Maple Finance leads
- Named underwriter and first-loss capital#3 / 7
- Depositor's legal claim#1 / 7
- Redemption terms and gating#2 / 7
Where it trailsNo criterion in the bottom third of its pool.
Closest alternatives
The 3 nearest rows by score
Nearest by published score in either direction. Each card states the criteria on which the two rows differ and the cost difference under the same scenario inputs; the compare arithmetic below shows why the higher one ranks higher.
Kasu Finance#1 of 7 · score 78 · 1.0 point ahead
Maple Finance leads on
- Depositor's legal claim9 vs 7
- Redemption terms and gating7 vs 5
Kasu Finance leads on
- Published default and loss history4 vs 3
- Named underwriter and first-loss capital8 vs 5
Largest single reason Kasu Finance is ahead: published criteria (+1.0 display points).Scenario cost: Kasu Finance has no verified pricing for this scenario.
Pareto#3 of 7 · score 69 · 8.0 points behind
Maple Finance leads on
- Published default and loss history3 vs 2
- Depositor's legal claim9 vs 4
Pareto leads on
- Redemption terms and gating8 vs 7
Largest single reason Maple Finance is ahead: published criteria (+8.3 display points).Scenario cost: Pareto has no verified pricing for this scenario.
Clearpool#4 of 7 · score 66 · 11.0 points behind
Maple Finance leads on
- Named underwriter and first-loss capital5 vs 4
- Depositor's legal claim9 vs 4
- Redemption terms and gating7 vs 4
Clearpool leads on
- Published default and loss history4 vs 3
Largest single reason Maple Finance is ahead: published criteria (+11.2 display points).Scenario cost: Clearpool has no verified pricing for this scenario.
Against the leader
78 vs 77 · gap 1.0Why Kasu Finance ranks above Maple Finance
The compare workspace's arithmetic applied to these two rows. Each dimension's share of the gap is its weight × the difference, on the displayed scale — it reproduces the displayed gap of 1.0 to within rounding.
DimensionThisKasu FinanceGap share
Availability · 23% weight · constant here14.014.0same
Published criteria · 35% weight13.914.3−1.0, worse
Friction · 12% weight · constant here2.72.7same
Trust record · 9% weight · constant here3.23.2same
Measured data · 21% weight · constant here6.96.9same
Published criterionThisKasu FinancePoints
Published default and loss history · w3034−0.96, worse
Named underwriter and first-loss capital · w2558−2.40, worse
Depositor's legal claim · w2597+1.60, better
Redemption terms and gating · w2075+1.28, better
Net7778−1.0
Your scenario
Maple Finance is not priced for this scenario
The annual management fee on your balance. Excludes performance fees, spreads and any redemption charge. Change an input and every figure recomputes from the published rate; the published rank does not move.
your cost/yr · default scenario — set your own
Your balance · your input$10k
Rate read from the provider’s published pricing ↗ on 27 September 2026.
your cost/yrCost is stated as your cost/yr in USD; it is never a yield, never annualised, and it does not enter the score.
Not priced on this basis
Under the default inputs · USDCategory medianNot priced0 of 7 rows priced
Cheapest pricedNone pricedDifference not stated · availability not applied — set your country to filter
7 of 7 rows in this ranking have no verified rate for this scenario and are absent from the median, not counted as free.
Evidence
Evidence read 27 September 2026
One row per published criterion: the page each strength was read from, its source type by domain, the reading date and whether the file and the published table agree. Open a row for the quote and the receipt.
4 of 4 cells scored
Score evidenceVerified4 of 4 criteria reconstruct from receipts
4 of 4 criteria reconstruct from a quoted, sourced receipt equal to the published strength.Public receiptsReading…4 quoted with a source URL
The receipt file has not been read yet.Evidence confidenceHighcoverage and corroboration, never freshness
4/4 criteria scored, with 4 dated sources quoted.RobustnessOne point from changingrank #1 to #2 across one-point re-runs
Whether the position holds when one criterion score is changed by one point and the ranking is run again. It is always a re-run of the ranking, never an estimate.The newest evidence read on the platform is 3 November 2026; this category's reading is older. The scores stand as read on 27 September 2026.
Reading the evidence ledger…
CriterionSourceTypeReadFreshnessStatusReceipt
Published default and loss historystrength 3 · weight 30Report an error—27 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.Named underwriter and first-loss capitalstrength 5 · weight 25Report an error—27 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.Depositor's legal claimstrength 9 · weight 25Report an error—27 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.Redemption terms and gatingstrength 7 · weight 20Report an error—27 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.How you can lose money here, and what the ranking scores
- Insolvency failure: the firm or issuer that owes you cannot pay.Scored by Published default and loss history · 30% (Maple Finance 3/10)Scored by Named underwriter and first-loss capital · 25% (Maple Finance 5/10)Scored by Depositor's legal claim · 25% (Maple Finance 9/10)
- Exit failure (Maple Finance 7/10): you cannot get out at par, on time, or with what is yours.Scored by Redemption terms and gating · 20%
Not assessed by this ranking: Contract failure, Control failure, Regulatory failure, Execution failure. A high place says nothing about these; the Methodology tab says what each means.
Facts
facts, not scoresWhat the record publishes
- Pricing
- The page titled "Transparency | Maple Finance" (maple.finance/transparency, fetched 27 September 2026) shows, in its Products list, syrupUSDC with an AUM of "$2.9B" and an APY of "5.2%", syrupUSDT at "$621.9M" and "4.9%", syrupUSDG at "$380.7M" and "5.0%", and Maple Institutional at "$860.49M" and "5.5%"; the site navigation on the same page advertises "Maple Institutional - Secured Lending" at "5.4 %" APY, so the page shows two different rates for the institutional product. Total assets under management read "$ 4.76B". The page names no deposit or withdrawal fee; under "Key financials" it reports a "Net interest margin" of "0.89%" without saying how that margin is charged to lenders. Each figure is quoted as the atomic token in the served HTML, where the label and the value sit in separate elements. Changed since 2026-08-07: every figure moved — the AUM and APY of syrupUSDC and of Maple Institutional both rose, and syrupUSDT and syrupUSDG are now listed as products; the August values are recorded in the row notes. Maple's own GraphQL endpoint (api.maple.finance/v2/graphql, syrupGlobals apyTimeSeries, queried 27 September 2026) is the check on the headline: see the row notes for the trailing-week series.Maple Finance — official pricing page ↗ · 27 September 2026
- Prices published in
- USDMaple Finance — official pricing page ↗ · 27 September 2026
- Licences held
- Not published
- Compliance level
- minimal
- Regulatory note
- Not published
- Supported chains
- Solana, Ethereum
- Markets served
- global
- Primary markets
- Not published
- Restricted markets
- United States, Australia
- Operating limits
- Not published
- Availability note
- Not published
No confirmed legal entity is on file for this record. Nothing is inferred from the brand name.
If something goes wrong with Maple Finance: where to complain, and where to report a scam
Loading the routes for your country.
How this page is reviewed
Reviewed means this product in this category was read against its sources on or after that date; every ranked category is re-read at least every 45 days. Models research, extract and parse. A deterministic engine ranks. Every quote passes an adversarial refute pass.
Accountable for this review: Mathias Siemonsmeier, Founder.
How we review · Review calendar · Corrections log · How we make money
History
What the record carries
Changes to published ranks are recorded in a ledger; every step and its cause is listed on the rank-history page. The entries below begin with the current verified snapshot, then the methodology versions whose changes applied to this category, newest first.
9 methodology entries
- 27 September 2026Current verified snapshot · methodology 2026.10.18Score 77, #2 of 7. 4 of 4 criteria scored. History starts here; earlier values are not interpolated.
- 10 October 2026
2026.10.8When nothing serves your country, the list shown for reference is the published ranking · platform-wide- fixed The reference list shown when nothing serves your country is the published order with the published scores, and a build check now fails any such list out of that order or with a score the ranking does not publish.
- fixed The explorer prints an overall rank only for a row the published ranking holds; a country entrant such as Coinbase Commerce for US merchants shows no overall rank.
- changed Published orders do not move. Country results change only where nothing serves the country: in India bill pay keeps Bitcoin Well first and now shows Strike second, as published; 35 such runs across all categories and countries now match the published list exactly.
- 10 October 2026
2026.10.7Forty-one more products are offered only where their own quoted terms serve- fixed 141 country exclusions on 31 rows, each the name of a country the row's own quoted terms exclude: for example Mercuryo Hungary, China, Pakistan, Bangladesh, Chile, Colombia and Morocco; Gemini Custody the United Kingdom, Australia and the EU after its wind-down; Backed xStocks the US, Canada, the UK, Australia, Nigeria, the Philippines and Venezuela.
- changed Thirteen rows list the only countries their terms serve: Coins.ph the Philippines, Spritz bill pay, Brex, Unchained, WisdomTree, Franklin BENJI and AnchorWatch the United States (with its territories for AnchorWatch), PRYPCO Mint the UAE, N26 crypto seven EU countries, Gemini Tokenized Stocks the EU, XNET the US, Canada and the UK, Coldbit Steel and MetaMask Card the countries they list.
- changed Published (no-country) orders do not move. Country results change: in India six categories each lose one row (bill pay, cards, off-ramps, P2P, seed backup, tokenised real estate), and bill pay there has no row confirmed available, so it shows the published order marked as such; country pages list 23 fewer rows (24,357 to 24,334). The grounding test now matches full country names in any case, which shows seven earlier exclusions were quoted all along: the named debt of unquoted exclusions falls from 40 to 33 pairs.
- 10 October 2026
2026.10.6A criterion you require re-scores the rows that meet it · platform-wide- changed The explorer sends each criterion you require, at any band, as fit_required with your other answers; region, licence, chain and fact filters stay filters. On /best, a required criterion joins For you as a marked preference does, which needs your country; Overall stays the published ranking, filtered.
- added Every published criterion has a golden case as the explorer sends it (require:<criterion>), so the order a requirement gives is replayed and gated as the published order is, and a change to it needs an entry here.
Methodology 2026.10.18, the same published run every visitor sees · receipt private_credit:maple_finance:2026.10.18:dcb38a0554a5
Are you Maple Finance? Reply to this verdict, or send evidence, ask for a correction or claim the listing. Every message gets a public ticket number; none of it changes a rank unless a public page or a signed statement supports it.