Maple Finance Expands to Solana with $500K Incentives and $30M Liquidity

June 6, 2025 – Crypto lending platform Maple Finance has officially expanded to the Solana blockchain, allocating $500,000 in ecosystem incentives and coordinating $30 million in liquidity. The move brings institutional DeFi services to one of the most liquid stablecoin networks in crypto.

Powered by Chainlink CCIP

The expansion leverages Chainlink’s Cross-Chain Interoperability Protocol (CCIP), allowing Maple to bridge its offerings into the high-performance Solana network. This infrastructure enables the seamless launch of syrupUSDC, Maple’s yield-bearing token, which will now be available natively on Solana.

Integration with Solana-Native Platforms

syrupUSDC will be accessible through popular Solana-native platforms including Kamino and Orca, offering users new tools for lending, trading, and collateral provisioning. The initiative is also being backed by the Global Dollar Network (GDN) — a Robinhood-supported stablecoin consortium — which is supplying USDG as a key asset in Maple’s Solana markets.

Building for Institutional DeFi

Solana currently hosts over $10 billion in stablecoins, positioning it as a growing hub for institutional-grade DeFi. By entering this space, Maple aims to provide DeFi-like yields to institutions in a fast, scalable environment.

“Expanding to Solana unlocks a high-speed, high-capacity environment where Maple’s products can reach a broader class of users — from institutions to advanced DeFi participants,” said Sid Powell, CEO and Co-Founder of Maple. “With syrupUSDC now native to Solana, we’re delivering yield, capital efficiency and liquidity to one of the largest stablecoin ecosystems in crypto.”

What’s Next

This expansion is a strategic step in Maple’s broader multichain roadmap. With deep liquidity support and growing institutional interest, the integration with Solana could mark a new phase for enterprise-grade DeFi applications across high-throughput blockchains.