Maple has officially expanded to Solana, introducing its flagship yield-bearing asset, syrupUSDC, to one of the largest and fastest-growing ecosystems in crypto. This integration brings Maple’s institutional-grade lending products, fixed-rate yields, and capital-efficient borrowing to Solana’s high-speed, high-capacity environment.
Key Points
- SyrupUSDC bringing institutional stablecoin yield (~6.5%) to Solana
- 4x Multiply Available
- $30M in onchain liquidity to enable efficient buying & looping of SyrupUSDC—available on Kamino Swap
- Up to $500K in launch incentives on Kamino—across Multiply, Lending Vaults, and Liquidity
The launch comes with $30M in Liquidity and $500K in Incentives
As part of the launch, syrupUSDC is now natively available on Solana, powered by Chainlink’s Cross-Chain Interoperability Protocol (CCIP). Users can swap into syrupUSDC directly on Solana or bridge it from Ethereum.
To fuel the syrupUSDC launch, we’re running a full-scale growth campaign alongside Kamino, Global Dollar Network (USDG), Jito and other partners—with rewards totalling up to $500,000.
Kamino Onboards syrupUSDC Across Lend, Multiply, and Liquidity Vaults
Kamino, Solana’s core DeFi protocol with over $600M in stablecoin TVL, has integrated syrupUSDC across its products:
The Kamino integration makes it the primary venue for accessing syrupUSD’s yield on Solana bolstered by composability, scale, and the most battle-tested infrastructure on the chain.
Incentives Overview
The $500k incentive budget will be utilized in phases to support growth and attractive APYs for users (please note that Drips are not available on Solana). The initial incentive allocation is outlined below:
- Kamino: USDG vault level incentives: $15,000 per week
- Maple USDG supply: $15,000 per week (in syrupUSDC)
- Maple USDC supply: $15,000 per week (in syrupUSDC)
- Paxos USDG debt: $7,500 per week (in USDG)
A Strategic Milestone for Maple
Maple’s expansion to Solana reflects its multichain strategy: high-conviction expansion to high-capacity networks. With more than $11 billion in stablecoins circulating on Solana, the chain offers unmatched scale, low-latency settlement, and DeFi-native liquidity—making it the ideal environment for Maple’s next phase of growth.
syrupUSDC is already integrated into leading industry products including Binance Earn, OKX Wallet, Pendle, and Morpho. Maple has established itself as the leader in onchain asset management with $1.9B+ in total AUM and syrupUSDC supply exceeding ~$550M. Now Solana has become the next major liquidity venue.
