Maple Finance, a leading on-chain asset manager, has recently introduced syrupUSDC as collateral for perpetual futures trading on the Drift Protocol. This move aims to enhance capital efficiency in DeFi trading and expand the use cases for Solana-based decentralized exchanges.
The integration of syrupUSDC on Drift allows traders to earn between 7% and 8% APY on margin collateral while actively trading on the platform. This feature addresses the capital efficiency gap in DeFi margin trading by enabling traders to generate passive income or offset funding costs without needing to move assets out of their positions.
To promote the adoption of syrupUSDC on Drift, Maple has allocated $100,000 in incentives and set an initial supply cap of $50 million for the collateral. This launch follows Maple’s previous expansion of syrupUSDC to Solana, which saw $30 million in liquidity on platforms like Kamino and Orca. The deployment of Chainlink’s Cross-Chain Interoperability Protocol also facilitated the minting of $60 million on Solana within two weeks.
Sid Powell, CEO of Maple, emphasized that the integration with Drift opens up new possibilities for traders to maximize their capital by trading, earning, and compounding returns simultaneously. Drift’s cross-margin architecture allows syrupUSDC to be used alongside other collateral types, a feature not commonly found on decentralized exchanges.
SyrupUSDC has rapidly become DeFi’s fastest-growing yield-bearing stablecoin, managing $1.9 billion in assets under management. It generates yield from Maple’s institutional lending pools, offering an average annual percentage yield of 5.2% on Bitcoin yield products and 9.2% on high-yield products in Q2 2025.
With $3.24 billion in assets under management, Maple has surpassed BlackRock in on-chain AUM and aims to reach $5 billion by the end of the year. This launch on Drift is expected to solidify Maple’s position in Solana’s evolving DeFi ecosystem and set a standard for incorporating yield-bearing stablecoins into leveraged trading environments. Additionally, it positions syrupUSDC as potential margin collateral for future listings on other protocols.
Overall, Maple’s collaboration with Drift demonstrates the continued innovation and growth within the DeFi space, offering traders new opportunities to optimize their capital utilization and generate passive income in a decentralized and secure manner.