TL;DR
- Maple launches syrupUSDC on Solana with $30M in initial liquidity and $500K in incentives to accelerate its adoption in institutional DeFi.
- Kamino integrates syrupUSDC across its products, offering institutional-grade yields and 4x leverage with available liquidity on Kamino Swap.
- The expansion leverages Solana’s scale and low latency, with Chainlink CCIP ensuring seamless swaps and bridging between Ethereum and Solana.
Maple Finance has just launched syrupUSDC on Solana, adding its flagship product to one of the crypto market’s largest ecosystems for stablecoin volume and institutional activity. The rollout includes $30M in initial liquidity and an incentive program distributing up to $500,000 to boost the token’s adoption on key platforms within the network.
The move is designed to capitalize on Solana’s advantages: high transaction capacity, low fees, and native DeFi liquidity. With over $11B in stablecoins circulating on the network, Solana stands out as a strategic option for products requiring scalability and fast transaction settlement. Maple will use Chainlink CCIP to guarantee interoperability between Ethereum and Solana, enabling native swaps and frictionless syrupUSDC bridging.
Maple has partnered with @KaminoFinance for the first syrupUSDC integration on Solana.
syrupUSDC is now available as a collateral asset with its own dedicated Kamino Multiply market and a $500k incentive budget.
All details below: pic.twitter.com/MvjXtk6cTH
— Maple (@maplefinance) June 5, 2025
Maple Integrates syrupUSDC into Kamino
Kamino, the leading DeFi protocol by stablecoin volume on Solana, has integrated syrupUSDC into its Lend, Multiply, and Liquidity Vaults products. This makes Kamino the primary venue for accessing institutional stablecoin yields on the network. Users will also be able to trade with 4x leverage and tap into available liquidity on Kamino Swap to build looping strategies without excessive costs.
The initial incentive plan includes weekly payouts of $15,000 in syrupUSDC for USDG and USDC deposits on Maple, plus $7,500 for USDG debt positions managed by Paxos. The program aims to speed up the adoption of syrupUSDC as a fixed-yield asset within Solana’s DeFi ecosystem.
The Global Dollar Network, backed by Robinhood, is also participating in the launch, contributing USDG as a core asset for lending and vault operations. The involvement of partners like Jito and other institutional infrastructure providers further extends the initiative’s reach.
Maple currently manages over $1.9B in assets, with syrupUSDC supply exceeding $550M. Its arrival on Solana reinforces the multichain strategy, targeting networks with strong institutional demand and enough liquidity to support lending, trading, and collateral operations.
