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Maple’s syrupUSDC Launches on Jupiter Lend as Collateral for Enhanced Trading
Maple, the leading on-chain asset manager, today announced an integration with Jupiter Lend that enables DeFi users on the Solana-based protocol to supply syrupUSDC directly as collateral to borrow stablecoins. The new functionality creates greater yield-maximizing opportunities for traders while simultaneously deepening liquidity across Solana’s lending markets.
Users can now borrow against syrupUSDC at a maximum loan-to-value ratio of 86 percent, with a liquidation threshold of 89 percent, providing greater flexibility and efficiency to loop trading positions. Before supplying syrupUSDC to the Jupiter Lend platform, users can mint it on Ethereum mainnet and bridge it to Solana or buy it directly through Jupiter’s swap interface.
By enabling syrupUSDC to be used as collateral to borrow stables against, this new feature unlocks more possibilities when it comes to asset management and yield strategies, for example, by enabling users to earn passive income through yield. It also unlocks more liquidity and can facilitate more efficient capital rotation into Solana DeFi, which is important for enhancing overall market efficiency, supporting leverage-based strategies, and attracting more institutional participants to the ecosystem.
“This integration brings institutional-grade yield products to a retail-friendly, composable environment,” said Sid Powell, CEO and Co-Founder of Maple. “Jupiter’s expanding ecosystem makes it an ideal partner as we continue to bring real-world utility to yield-bearing dollar assets.”
This new feature will be supported by a $100,000 incentive program from Jupiter and Maple, offering two-percent supply and two-percent borrow incentives on syrupUSDC. An additional one percent syrupUSDC reward will be funded by both teams to drive early adoption. Incentives are aimed at attracting power users, including DeFi-native traders, market-neutral funds, and capital-efficient yield farmers.
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