Maple vs CORE: What Really Happened 1. Product Structure - Maple Finance used CORE’s dual staking function to run a leveraged product. - Users deposited BTC, Maple posted that BTC as collateral, and borrowed CORE tokens to increase yield. - To protect this collateral, CORE provided a put option that acted as a price-protection guarantee when CORE’s token price fell. 2. @Coredao_Org Statement (Nov 20) - CORE claimed that Maple misused confidential information to build a competing product called syrupBTC and filed a lawsuit. - The court issued an order blocking Maple from selling CORE tokens, and CORE halted the put-option protection. - This raised concerns about the BTC that users deposited with Maple. 3. @maplefinance Statement (Nov 22) - Maple said syrupBTC was built with its own tech and argued it attempted to sell CORE tokens to limit losses as the price fell but was blocked due to CORE’s lawsuit. - Maple returned 85 percent of user funds and held back the remaining 15 percent. 4. What Remains - The remaining 15 percent now depends on the outcome of the legal fight. - Unlike the Stream Finance case, the issue here is not a failed product structure but a legal fight between two projects. - Legal conflicts of this kind are hard for anyone to predict, so the focus now is on how transparently Maple communicates and how consistently it updates users as the case moves forward.