syrupUSDC Enhances decentralized Trading on Drift
Maple Finance has introduced syrupUSDC as new margin collateral for perpetual futures on Drift.Users can now earn 7-8% APY while actively trading.
The collaboration boosts capital efficiency in decentralized finance (DeFi).drift protocol users can now gain passive income without moving assets. This feature addresses the capital efficiency challenge in defi trading.
To promote syrupUSDC, Maple has offered ample incentives. A $100,000 reward awaits early adopters, with an available supply capped at $50 million. The uplift aligns with Maple’s growth strategy. In June, it launched syrupUSDC on Solana, supported by platforms like Kamino and Orca.
- $100,000 incentive for syrupUSDC adoption
- $50 million supply cap for collateral usage
- Expanded Solana DeFi through Drift integration
Sid Powell, CEO of Maple, notes the integration broadens capital utility for traders. Drift’s cross-margin system allows syrupUSDC use alongside other collateral types—an uncommon feature among decentralized exchanges.
This growth marks another milestone for Maple Finance. The leading on-chain asset manager now oversees $3.24 billion in assets, overtaking BlackRock in on-chain asset under management (AUM).
As Maple continues to raise its year-end target to $5 billion, syrupUSDC is poised to play a key role in Solana’s evolving DeFi landscape.
