Getting started with stablecoin yield

Stablecoins such as USDT and USDC are cryptocurrencies pegged to the value of a fiat currency i.e. USD ($). Despite the value of these tokens rarely fluctuating in from being worth $1 by more than 0.1% they can be used to generate return on investment. The following article will provide an overview of how this works.

Connect wallet
1. Connect your Atlas wallet to the Maple app.
  1. See Connecting to dApps for more detail.
Deposit USDT or USDC
1. Use the Maple app to deposit USDT or USDC from your wallet and start providing liquidity.
  1. After the deposit, you'll receive liquidity pool (LP) tokens (syrupUSDC or syrupUSDT) representing your share of the liquidity pool, which you can view in your Atlas wallet.
Investment matures
1. Maple lends the funds to blue-chip institutions who pay a fixed rate to borrow capital.
2. Maple uses loan repayments to buy-back-and-burn syrupUSDC/syrupUSDT from the market, thereby reducing the supply and causing the token price to increase steadily over time.
Withdraw any time
1. Most withdrawals are processed in under 24 hours, but could take up to 30 days.
2. You can swap your syrupUSDC/syrupUSDT back into USDT/USDC at any time.
  1. Current exchange rate for syrupUSDC.
  2. Current exchange rate for syrupUSDT.