Last month, Chainlink’s Cross-Chain Interoperability Protocol (CCIP) officially went live on Solana, the high-performance blockchain for scaling low-cost DeFi applications, unlocking access to over $19 billion worth of digital assets in Solana’s ecosystem.
Today, Maple Finance, an onchain lending firm with $1.9 billion in assets under management, announced it has officially integrated CCIP and adopted the Cross-Chain Token (CCT) standard to transfer its native yield-bearing stablecoin, syrupUSDC, across Ethereum and Solana.
CCIP leverages Chainlink’s time-tested oracle infrastructure, which has enabled over $21 trillion in transaction value, to achieve the highest level of cross-chain security reinforced by a separate Risk Management Network. Among CCIP’s many benefits, the CCT standard allows any ERC-20-compatible token to be turned into a CCT with additional security and reliability benefits including configurable rate limits.
Maple Finance is one of several launch partners expanding to Solana via CCIP. In an official announcement, the firm’s co-founder, Joe Flanagan, highlighted how CCIP’s secure, scalable standard allows Maple’s product suite to interact with the broader digital asset ecosystem.
“Interoperability is essential to unlocking institutional participation at scale, and we’re proud to integrate Chainlink’s Cross-Chain Token (CCT) standard – bringing syrupUSD to Solana and other leading ecosystems,” he said.
SyrupUSDC is now accessible on Solana-native platforms including Orca and Kamino Finance, the largest DeFi lending protocol on Solana which leverages Chainlink Data Streams to power advanced DeFi with low-cost, high-speed price data.
To learn more about Maple Finance, visit their website, X, and Telegram.