Executive summary
Maple Finance is reshaping crypto lending as DeFi's Institutional Lender. The project has raised $10m+ in venture capital from crypto-native funds, and its core contributors have several years of prior work experience from leading TradFi and crypto firms. With ~$250m in active loans, Maple Finance recognized the need for reliable, continuous, and data-driven stakeholder reporting.
To improve its existing onchain analytics and stakeholder reporting, Maple Finance turned to Token Terminal, a leading onchain data platform trusted by institutional partners like Bloomberg. Token Terminal's dedicated focus on data standardization made it an ideal partner for Maple Finance. The decision to partner was further eased by the fact that Token Terminal already had a public track record of reporting standardized financial and usage metrics for other leading lending projects, such as Aave, Morpho, Moonwell and more.
“By partnering with Token Terminal, we’re able to benchmark our performance within the DeFi lending ecosystem in a fair and accurate way. Having a real-time dashboard on Token Terminal is not only a great tool for our team, but for all Maple Finance stakeholders.”
Sid Powell, CEO and Co-Founder at Maple Finance
Data Partnership
To ensure accurate and ongoing stakeholder reporting, Maple Finance entered into a Data Partnership with Token Terminal.
The Data Partnership consists of four different parts:
1. Smart contract registry
Since Maple Finance isn’t an appchain, but a set of smart contracts running on Ethereum, this first step did not require a node infrastructure setup. Instead, Token Terminal was able to rely on its existing node infrastructure.
To start, the Maple Finance and Token Terminal teams worked together to build a labeled registry of Maple Finance’s smart contracts on Ethereum.
A complete smart contract registry is a prerequisite for the next step: the transformation of raw blockchain data into standardized financial and usage metrics.
2. Metric transformations
Leveraging the information in the smart contract registry, Token Terminal’s research team transformed the raw blockchain data from the smart contracts into standardized financial and usage metrics.
For a lending project like Maple Finance, the standardized metrics include net deposits, active loans, fees, revenue, daily active users, and more.
3. Discovery and reporting
After the metric transformations, Maple Finance was listed on the Lending market sector dashboard on Token Terminal, and also featured on the recently launched Discover page.
As a result, users, developers, and investors can now refer to a single source when deciding which protocols to use, integrate with, and/or invest in.
For Maple Finance, the dashboards on Token Terminal streamline the reporting to existing and future stakeholders.
4. Data maintenance
Standardized onchain metrics require ongoing maintenance work, especially when the goal is completeness and accuracy.
The maintenance work has only grown in magnitude and importance over the last few years, as more DeFi projects have evolved from single to multichain apps, with often more than one business line.
A Data Partnership with Token Terminal means that Maple Finance can rely on Token Terminal to manage all future updates to its metrics, and instead direct all focus on growing its onchain business.
Future opportunities
In addition to standardized financial and usage metrics, Maple Finance and Token Terminal are excited to explore opportunities to create custom dashboards with project-specific metrics that would offer both lenders and borrowers deeper insight into the platform’s features and performance. Some examples include historical deposit and borrow rates, market utilization ratios, and more.
Through its partnership with Token Terminal, Maple Finance turns transparency into a competitive advantage and continues to build trust with its growing community.
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Join the 400+ projects that already leverage Token Terminal for internal product analytics and external stakeholder reporting. Get started by submitting key information via our listing form or by connecting directly with our Data Partnerships team. We look forward to partnering with you.
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