Maple’s expansion to Arbitrum creates new income-generating opportunities for both institutional and retail users.
On-chain asset manager Maple has announced the deployment of syrupUSDC on Arbitrum, introducing Maple’s institutional-grade yield to one of DeFi’s most active networks.
syrupUSDC is now available across Euler, Morpho, and Fluid, and is supported by Arbitrum’s recently launched DRIP incentive program, with users now able to earn ARB rewards when borrowing against syrupUSDC.
“Maple’s rapid growth this year has been fuelled by increasing demand for access to on-chain asset management opportunities, and expanding to Arbitrum marks an important step in that trajectory,” said Sid Powell, CEO of Maple Finance.
“Paired with Maple’s robust pipeline of curated yield opportunities, Arbitrum’s DRIP campaign generates new value creation for users, improves liquidity, and accelerates the adoption of on-chain capital markets.”
As the yield dollar asset featuring one of the industry’s highest yields, syrupUSDC’s arrival on Arbitrum is expected to catalyse liquidity flows to a growing number of DeFi participants seeking sustainable returns.
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