Following a highly successful launch on Kamino (≈$50M TVL) and more recently on Drift (≈$7.5M TVL), $SyrupUSDC is now live on Jupiter Lend as a collateral asset, supported by $250k in incentives to boost adoption.
These incentives make the borrowing rate highly attractive (≈2%), creating opportunities for looping strategies with yields of up to 30%.
For those interested in this type of strategy, this launch could represent a compelling opportunity.
This is a strong integration that will further support the growth of Maple’s yielding dollar on Solana.
With 83M SyrupUSDC (≈9% of total supply) already available on the chain, reaching 100M may happen sooner than expected.
🔹Next step: AAVE??
Check out our thoughts on AAVE integration below 👇
GMaple! @JupiterExchange Lend just launched, and syrupUSDC is live as collateral.
Step 1: Open an initial borrow position.
Step 2: Loop your way to 30%+ APY with the Multiply feature.
Largest protocol on SOL 🤝 syrupUSDC yield. Accelerate.
.@maplefinance proposed a temp check to list syrupUSDC as collateral on @aave V3 Core Instance.
Quick take on syrupUSDC:
- Market cap passes $884m - 10x growth YTD, one of the fastest-growing yield-bearing stablecoins this year
- Backed by $2.3b in Maple’s AUM, providing real yield from fixed-rate institutional lending strategies at ~10% APY
- $589m syrupUSDC already deployed to DeFi across EVM chains and Solana
- $500m+ allocator demand ready to loop via Aave
- $250k in incentives to bootstrap usage on Aave
Listing syprupUSDC also strengthens Aave’s macro flywheel as it drives higher USDC utilization, increases revenue to the protocol, and aligns with $GHO’s institutional reach (potentially GHO lending to institutions via Maple)
Just use Aave 👻 🥞
Make sure to check out @syrupsid's appearance on @business@crypto to learn more about the future of Asset Tokenization, how the industry is embracing transparency, and how Maple is working on shaping crypto innovation: