In the fast-paced world of DeFi on Solana, Kamino is keeping things exciting with frequent updates and incentives. Recently, the Kamino Intern highlighted a new collaboration that's flying under the radar for some users. They're teaming up with Maple Finance to add $5,000 in monthly incentives specifically for borrowing PYUSD.

PYUSD, for those new to it, is PayPal's USD-pegged stablecoin, designed to bring stability and ease to crypto transactions. This move builds on an earlier integration where PYUSD was added to the Maple Market on Kamino. This allows users to borrow PYUSD against Maple's syrupUSDC—a yield-bearing version of USDC that offers around 6% APY.

The quoted announcement from Kamino explains that over $30 million in PYUSD liquidity is coming from a vault curated by SentoraHQ. This setup lets lenders "loop" their positions, meaning they can borrow and re-deposit to amplify yields up to 8.3 times the base APY, all with deep liquidity to avoid slippage.

For syrupUSDC loopers—folks who repeatedly borrow and lend to maximize returns—this $5K monthly boost is a game-changer. It rewards PYUSD borrowing directly, encouraging more activity in this market. If you're into Solana DeFi, this could be a great opportunity to enhance your strategies without much extra risk, thanks to the solid liquidity backing.

Keep an eye on Kamino's updates via their X account, as incentives like these pop up often and can significantly impact your yields. Whether you're a seasoned DeFi practitioner or just dipping your toes in, understanding these collaborations helps you stay ahead in the meme token and broader crypto ecosystem.