Arbitrum One welcomes the launch of syrupUSDC by Maple Finance

In a significant move, Maple Finance has launched a yield-bearing dollar asset named syrupUSDC on the Arbitrum One network. This integration aims to meet growing institutional interest in on-chain finance and provides more capital-efficient yield opportunities.

The institution that released syrupUSDC on the Arbitrum One platform on September 3, 2025, is ArbitrumDAO as part of its DeFi Renaissance Incentive Program (DRIP). This move makes syrupUSDC eligible for Arbitrum's native token incentive program, offering holders of syrupUSDC the chance to earn its native yield, as well as ARB token rewards.

Sid Powell, CEO of Maple Finance, stated that the integration with Arbitrum's DRIP campaign generates new value creation for users, improves liquidity, and accelerates the adoption of on-chain capital markets. Maple Finance's offering of a layer-2 option on Arbitrum demonstrates the increasing trend of institutional-grade DeFi products seeking lower transaction fees and growth opportunities.

The expansion of syrupUSDC to the Arbitrum One network further broadens the capital-efficient yield opportunities available. Users can now buy syrupUSDC directly on Arbitrum One. SyrupUSDC can be swapped on platforms built into Arbitrum One, or users can use Arbitrum's Transporter bridge to connect it to the Ethereum mainnet.

The integration of syrupUSDC with several established DeFi protocols (Euler, Morpho, and Fluid) allows users to use it as security in money markets. This move by Maple Finance aims to increase liquidity for syrupUSDC and show other yield-bearing tokens how to leverage DeFi composability on layer-2 networks for user growth.

Initial supply caps for syrupUSDC have been set: $20 million on Euler, $7 million on Morpho, and $40 million across Fluid's various vault strategies. This strategic supply distribution aims to ensure a balanced and sustainable growth of syrupUSDC within the Arbitrum One ecosystem.

In conclusion, the integration of syrupUSDC into Arbitrum One marks a significant step forward in the growth of on-chain finance. By offering a yield-bearing dollar asset and integrating with established DeFi protocols, Maple Finance is creating a multi-layered yield product and demonstrating the potential of DeFi on layer-2 networks.