Maple has deployed syrupUSDC on Arbitrum, along with the popularization of on-chain leverage.

According to CoinWorld, Maple's syrupUSDC is now live on Arbitrum, adding institutional-level yields to the lending ecosystem of the network. This release combines native returns with ARB incentives, providing DeFi participants with new ways to cycle and optimize capital efficiency. According to a press release shared with crypto.news on September 3, Maple Finance has officially deployed its yield-generating USD asset syrupUSDC on the Arbitrum One network. This asset is now integrated with the busiest Layer 2 DeFi networks and their main money markets, including Euler, Morpho, and Fluid, and will immediately benefit from the ongoing DRIP program incentives on Arbitrum. Maple stated that this expansion allows users to borrow syrupUSDC and earn ARB rewards, thereby creating a tiered yield environment aimed at attracting institutional trading platforms and retail investors. The reason for Maple's expansion to Arbitrum is the growing curiosity among institutions about on-chain finance, and CEO Sid Powell confirmed that this trend is accelerating. This move strategically positions Maple's yield products at the center of this demand, directly within the leveraged cycle favored by Arbitrum's sophisticated user base. Powell emphasized the synergistic effect of this integration, stating, “Combined with Maple's strong selection of yield opportunities, Arbitrum's DRIP initiative creates new value for users, enhancing liquidity and accelerating the adoption of on-chain capital markets.” For users, there are two main methods to access syrupUSDC on Arbitrum. They can acquire the asset directly on-chain through various liquidity aggregators or by swapping on integrated platforms like Fluid. Alternatively, holders can bridge existing syrupUSDC from the Ethereum mainnet using Arbitrum's native Transporter bridge. Once in possession of the asset, its utility shines as collateral in the integrated money markets. Users can provide syrupUSDC to protocols like Euler, Morpho, and Fluid, using it as collateral to borrow other assets while earning additional ARB token rewards from the DRIP program, thus creating multi-layer yields on their capital. The initial capacity launch is very cautious, reflecting a prudent approach to risk management. Euler will provide an initial supply cap of $20 million for syrupUSDC, while Morpho's capacity is set at $7 million. Fluid will have the largest initial allocation, with a capacity of $40 million across its various vault strategies.