Maple Finance Hampered by Core Foundation Injunction in syrupBTC Launch

Updated

November 21, 2025

Gambar Maple Finance Hampered by Core Foundation Injunction in syrupBTC Launch

Jakarta, Pintu News – Maple Finance is facing legal obstacles after the Core Foundation, the organization behind the Core blockchain secured by Bitcoin, issued an injunction against them. The injunction relates to an alleged breach of the confidentiality and exclusivity agreement established in their yield Bitcoin partnership.

Causes and Background of Evacuation

Maple Finance previously collaborated with the Core Foundation to launch a liquid Bitcoin product, lstBTC, aimed at institutional investors. The success of lstBTC apparently prompted Maple Finance to develop a rival product, syrupBTC, contrary to the original agreement.

https://t.co/p7qEjG6nq5
— Core DAO 🔶 (@Coredao_Org) November 19, 2025

The Core Foundation responded by initiating arbitration proceedings, and Judge Jalil Asif KC of the Cayman Islands Grand Court found that there were serious issues that needed to be adjudicated regarding Maple’s actions.

After the injunction was granted, Maple Finance allegedly announced millions of dollars in losses against lenders in their Bitcoin Yield product. According to the Core Foundation, this adds doubt to Maple’s management of client assets and their obligations under the original agreement.

Maple Finance denies allegations

Maple Finance stands firmly in defense of lender rights and confirms there is no impact to our broader business operations as a result of the recent Core Foundation statement. The dispute is strictly limited to the pilot program conducted in partnership with Core Foundation for…
— Maple (@maplefinance) November 19, 2025

Maple Finance denied all allegations made by the Core Foundation. In a post on X on November 20, they stated that the dispute was limited to the pilot program. They emphasized that no breach of agreement was committed and that they are committed to complying with all applicable legal provisions.

In response to the ongoing legal situation, Maple Finance has also made significant structural changes to the tokenomics of SYRUP, their governance token and fee-sharing. They are discontinuing SYRUP’s staking rewards and moving to a revenue-based model, where 25% of all protocol revenue will be used to fund the Syrup Strategic Fund.

Changes in SYRUP Tokenomics

This change aims to buy back tokens and inject liquidity as needed. This move is expected to strengthen Maple Finance’s position in the market and provide added value to token holders. By shifting the focus from staking to strategic funding, Maple seeks to enhance long-term sustainability and growth.

The Syrup Strategic Fund itself is designed to be an effective tool in managing financial resources and strengthening the user base. This initiative demonstrates Maple Finance’s adaptation to changing market dynamics and their commitment to meeting investor expectations.

Conclusion

The legal situation between Maple Finance and Core Foundation is still evolving, and its impact on the cryptocurrency market remains unclear. However, the steps taken by Maple Finance to change their tokenomics structure might provide some stability and trust among investors and platform users. The court will continue to monitor this situation, and further decisions are expected to provide clarity regarding the future of syrupBTC and the relationship between these two entities. Investors and market watchers are advised to follow these developments closely.

FAQ

What is lstBTC?

lstBTC is a liquid Bitcoin product designed for institutional investors, the result of a partnership between Maple Finance and the Core Foundation.

Why was Maple Finance banned from launching syrupBTC?

Maple Finance was barred from launching syrupBTC due to an injunction from the Core Foundation accusing them of violating confidentiality and exclusivity agreements.

What is the impact of the injunction on Maple Finance?

This injunction prevents Maple Finance from launching or promoting syrupBTC, using confidential Core Foundation information, or dealing in CORE tokens without prior written consent.

How did Maple Finance respond to the Core Foundation’s allegations?

Maple Finance denied all allegations and stated that the dispute was limited to the pilot program.

What is Syrup Strategic Fund?

The Syrup Strategic Fund is a fund set up by Maple Finance that uses 25% of all protocol revenue to buy back tokens and inject liquidity as needed.

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