Decentralized lending platform Maple Finance hasexpandedits operations to the Solana blockchain and deployed its flagship yield-bearing stablecoin, syrupUSDC, which was previously available only on Ethereum.
The launch is supported by an initial $30 million of onchain liquidity, designed to establish a robust foundation for lending, trading, and collateral provisioning within the Solana ecosystem.
This story is an excerpt from the Unchained Daily newsletter.
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The syrupUSDC stablecoin offers an institutional-grade yield of around 6.5% and is available on Solana-native platforms such as Kamino and Orca.
The Maple Finance team said the decision to expand to Solana had been made because the blockchain had become “the next major liquidity venue.” The team said Solana’s scale and low-latency settlement was an “ideal environment” for Maple’s next growth phase.
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Maple Finance Expands to Solana With Yield-Bearing Stablecoin - Unchained
Decentralized lending platform Maple Finance has expanded its operations to the Solana blockchain and deployed its flagship yield-bearing stablecoin, syrupUSDC, which was previously available only on Ethereum.
The launch is supported by an initial $30 million of onchain liquidity, designed to establish a robust foundation for lending, trading, and collateral provisioning within the Solana ecosystem.
This story is an excerpt from the Unchained Daily newsletter.
Subscribe here to get these updates in your email for free
The syrupUSDC stablecoin offers an institutional-grade yield of around 6.5% and is available on Solana-native platforms such as Kamino and Orca.
The Maple Finance team said the decision to expand to Solana had been made because the blockchain had become “the next major liquidity venue.” The team said Solana’s scale and low-latency settlement was an “ideal environment” for Maple’s next growth phase.