SYRUP (SYRUP)

To continue the series of structurally undervalued altcoins 👇 $SYRUP today shows a clear gap between economic trajectory and valuation. • ~25 M$ of annualized revenue • +300% growth over the year • Communicated target: ~100 M$ of revenue • Yet the market values the protocol as an already mature credit player Adoption and real usage 👇 • $SYRUP at ~0.36 $ • The Obex Star fund deployed ~400 M$ in SYRUP/USDC over 6 weeks • The protocol reached ~2.2 B$ of deposits as of December 9 • 65 borrowers, zero defaults to date • Over‑collateralized returns of 8 to 12% on RWA assets Valuation reading 👇 • Current protocol revenue: ~25 M$ / year • $SYRUP token valuation: ~417 M$, i.e., 16x current revenue • If revenue reaches ~100 M$, the multiple would fall to ~4x • The $SYRUP token does not yet reflect the protocol’s real growth Value capture for the token 👇 • 25% of revenue is allocated to $SYRUP buybacks • At 100 M$ of…

Continuing the series of structurally undervalued altcoins 👇 $AAVE today shows a clear gap between structural advances and valuation. • Aave v4 currently in testnet • Unified liquidity across 38 pools that are today fragmented • $33.6 B of assets consolidated in a single balance sheet • Mainnet V4 planned for Q1 2026 In concrete terms: Aave addresses one of DeFi’s core problems: liquidity fragmentation. On the other side 👇 • Token around $160, down ~50 % from October peaks • SEC investigation closed with no further action • Bitwise filed an AAVE ETF on December 30 • Protocol annual revenue: ~$131 M Current valuation read 👇 • The market values $AAVE as if it would take 18.5 years of revenue to justify its current price • So far, protocol fees have mainly benefited liquidity providers, not token holders • The price still reflects December governance tensions more than infrastructure evolution

There is a reason why I am bullish on @maplefinance as a protocol + $SYRUP as a token. ➠ Ranks 3rd in active loans behind Aave and Morpho ➠ Has a TVL of $2.825B ➠ Partnered with Aave + institutional allocators like Bitwise ➠ Current P/F: 4.71x 2025 was a successful year for them in terms of growth👇 ‣ Deposits: +967% ($265M → $2.83B) ‣ Loans: +841% ($181M → $2.2B) ‣ $11.7M in revenue ‣ Only lending token in the green ‣ ~$70M fees in last 1 year Q4 2025 was brutal and there were liquidations, low volume, risk-off everywhere but Maple kept scaling fees. Expecting a similar 2026 for them cuz fundamentals are strong🔥

🎙️ New @edge_pod in our new series, Revenue Meta 💰 Maple's $30M Business (And How They Get To $100M) 0:00 - Intro 5:16 - How Maple generates revenue 7:20 - Revenue allocation and treasury management 9:59 - Building Maple’s strategic reserve 12:23 - Growing the book of loans to hit $100M ARR 13:29 - Strengthening Maple's balance sheet 16:04 - Maple’s business is very scalable 18:01 - Napkin math on ARR growth from syrupUSDT 21:40 - Operating under pro-crypto regulation 24:30 - New products and innovations coming 29:04 - SYRUP, one token for the Maple eco 30:39 - Closing 🙏 Thanks to @maplefinance CoFounder & CEO @syrupsid for joining us!

Syrup de-risked its valuation faster than the price corrected. From June to December, Price-to-Fees fell from 12.9x to 2.7x, a 78.9% compression, while $SYRUP price declined 56.6%. This divergence was driven primarily by continued protocol revenue growth, not a collapse in demand. In other words, fundamentals improved faster than valuation adjusted. What makes this notable is when it happened. Q4 was one of the slowest quarters across crypto. Large liquidations, slower volume, and limited risk appetite. Despite this, Maple continued to generate and scale fees. That distinction matters. Valuation compression driven by revenue growth is fundamentally different from compression driven by demand loss. The market was not repricing Maple because the protocol weakened. It was repricing while usage persisted. Historically, this is the type of setup long-term accumulators tend to watch closely. Proven revenue in weak conditions, a valuation multiple reset, and a price that has not fully reflected fundamental sc

Most people think it’s almost impossible for a crypto asset to decouple from $BTC seasonality. Yet, $SYRUP just outperformed both $BTC and $ETH in 2025 with a 150% price performance. Maple stood out in 2025 and will likely stand out in 2026. https://t.co/btv2p8mePf