Maple Finance expands to Solana, deploys yield-bearing stablecoin
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Maple’s expansion to Solana is powered by Chainlink’s CCIP, which allows data transfer between EVM and SVM ecosystems.
Lending platform Maple Finance is expanding to the Solana network in a bid to reach a broader class of users.
According to a June 5 announcement shared with Cointelegraph, the company is deploying its syrupUSD yield-bearing stablecoin to Solana-based platforms Kamino and Orca. The coin had previously been available only on the Ethereum blockchain.
Maple’s Solana integration is launching with $30 million in liquidity, which the company says will establish “a deep and stable foundation for lending, trading, and collateral provisioning” in the ecosystem.
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