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Lightspeed has learned exclusively that maple-one of the largest onchain assisters of Solana are yield-bearing syrupusDC Stablecoin brings in eternal futures markets managed by Drift, Solana’s flagship Perps Dex.
Drift, known for its deep onchain liquidity and capital-efficient margins, accepts SyrupusDC as a margin compings, so that traders can earn an APY of 7-8% during their margin while action.
This is the first time that the stock market has actively allowed a collateral to serve double purposes, earn yield during support positions – Sweet with $ 100,000 of incentives and an initial $ 50 million limit.
One of the biggest victories in Solana is that the Defi Ecosystem can move with the speed of centralized markets. It doesn’t matter how advanced your strategies are or how complex your positions become.
The speed of the network means that traders can immediately be balanced while staying completely onchain. That is more than competing ecosystems such as Ethereum can often promise without high costs or serious latency.
However, it often means that the need for collateral means that capital as a margin is inactive, does not earn anything while waiting for transactions to play out. This leads to higher opportunities costs, less capital efficiency and slower composition for active traders.
But because users can now post syrupusDC as a margin on drift, the same dollars can both secure your transactions and earn passive income. Traders can compensate for financing costs, free up cash and keep capital productive without changing their trading style.
