Maple Finance Launches on Solana, Bringing Stable Yield and Cross-Chain Lending With Chainlink Support
Maple Finance, the institutional lending protocol known for its yield-bearing stablecoin syrupUSDC, has officially expanded to the Solana blockchain, signaling a significant move into one of the most active ecosystems in decentralized finance.
Announced on June 5, the expansion comes with $30 million in initial liquidity and up to $500,000 in user incentives, designed to accelerate adoption of syrupUSDC on Solana. The stablecoin, which currently offers a fixed yield of around 6.5%, can now be bridged from Ethereum to Solana, thanks to Chainlink’s Cross-Chain Interoperability Protocol (CCIP)—a tool that launched on Solana’s mainnet just weeks ago.
This integration means users can now safely move syrupUSDC between blockchains with minimal friction, while Solana-native DeFi platforms like Kamino and Orca have already begun supporting the stablecoin across lending, leverage, and liquidity strategies.
To jumpstart user participation, Maple will distribute $15,000 in weekly rewards to users who supply USDC and Paxos’s USDG on the platform, with additional incentives allocated to USDG-based lending pools. This is part of Maple’s broader cross-chain strategy to expand into high-liquidity environments and DeFi-heavy ecosystems.
“Solana offers the scalability and speed we need to scale institutional DeFi,” the company stated. With over $11 billion in stablecoin liquidity on Solana, the chain provides a solid foundation for Maple’s continued growth. The protocol currently manages more than $1.9 billion in assets, according to data from Dune Analytics, and syrupUSDC’s supply has already crossed $550 million.
This launch follows another major milestone in May, when Maple announced a $2 billion Bitcoin-backed lending initiative in partnership with Cantor Fitzgerald. By replicating traditional credit markets on-chain, Maple aims to become a bridge between institutional finance and crypto-native lending.
The move to Solana also strengthens the network’s growing DeFi landscape, which has recently welcomed lending platforms like margin.fi, Port Finance, Save, and Rain.fi. With robust infrastructure, strong partnerships, and battle-tested performance, Maple is quickly emerging as a key player in shaping the future of institutional-grade lending in DeFi.