Maple Launches Yield-Bearing Stablecoin Collateral on Perps DEX Drift
Maple Finance, an on-chain asset manager overseeing more than $3.1 billion, unveiled a new product today that lets traders on Solana decentralized exchange (DEX) Drift earn yield on collateral for perpetual futures trading, per a press release shared with The Defiant.
The launch enables traders to earn 7% to 8% annual percentage yield (APY) by using syrupUSDC – Maple’s yield-bearing stablecoin with a $936 million market cap – as margin collateral on Drift.
The feature lets traders earn extra income or reduce trading costs, as stablecoins used as margin on DEXs generally do not earn yield. Maple CEO Sid Powell said this integration aims to address that gap and improve capital efficiency.
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