๐ ๐ฎ๐ฝ๐น๐ฒ ๐๐ถ๐ป๐ฎ๐ป๐ฐ๐ฒ ๐๐ผ๐ถ๐ป๐ ๐ฆ๐ผ๐น๐ฎ๐ป๐ฎ ๐๐ฐ
Yield-Bearing Stablecoin $syrupUSD Goes Multi-Chain
โค Whatโs Happening:
โ Maple Finance is expanding to Solana, after being Ethereum-only.
โ It's launching its stablecoin $syrupUSD on Solana platforms Kamino and Orca.
โ The rollout starts with $30M in liquidity to support lending, trading, and collateral use.
โค Why Solana?
๐ง โHigh-speed and high-capacityโ โ Solana allows Maple to reach more users, including institutions and advanced DeFi traders.
๐ Solanaโs DeFi is booming โ TVL up 500% in 18 months, now at $8.4B.
โค Powered by Chainlink's CCIP
Maple used Chainlink's Cross-Chain Interoperability Protocol (CCIP) โ now live on Solana โ to bridge data across EVM and SVM chains.
โค Mapleโs Position in the Market:
๐ฆ Competing with Solana-native lenders like margin.fi, Rain.fi, Save, and Port Finance.
๐ผ Total Value Locked (TVL):
โข Maple: $1.3B
โข Ethereum DeFi: $61.4B (still the leader despite a 43% drop from 2021)
โก๏ธ Bottom Line:
Mapleโs Solana move is a big step toward multi-chain DeFi.
It could speed up stablecoin adoption, bring better yields, and strengthen Solanaโs growing finance stack.
๐ฌ Will we see more Ethereum-native DeFi projects make the Solana leap next?