Model drivers · data as of 2026-10-11

Macro

The two outside drivers the SYRUP model grows Maple with: the stablecoin market Maple lends into, and Robinhood Earn as a distribution channel.

Stablecoins: the market Maple lends into

Maple's deposits are dollars onchain, so the model ties core deposits to total stablecoin supply (DeFiLlama, all chains, USD-pegged).

Global stablecoin supply

$306.07B

+1.6% year on year · DeFiLlama

Model assumption

$2T → $3T

2028 → 2030 (Bessent, Nov 2025); adjustable on the model page

Global stablecoin supply

weekly · DeFiLlama

Earn users supply USDG; borrowers post syrupUSDG (among others) as collateral. The model grows Earn TVL to a 2030 level and keeps syrupUSDG's share.

Robinhood Earn TVL

$511.4M

Steakhouse USDG vault on Robinhood Chain

syrupUSDG share of Earn

25.1%

USDG lent against syrupUSDG ÷ Earn TVL

Robinhood Earn TVL by collateral

syrupUSDG share of Robinhood Earn