Marinade Finance has launched a USDC lending vault in partnership with RockawayX and Kamino, offering users a stablecoin savings product targeting up to 6% APY.
The vault enables users to earn yield on USDC deposits within the Marinade ecosystem, reflecting growing demand for onchain income strategies during volatile market conditions.
“Instead of losing users through a painful off-ramp process, we're giving them a reason to stay,”
Said Marinade Finance CEO, Michael Repetny.
The product allows users to move funds directly from staked SOL into a yield-bearing USDC vault, avoiding traditional fiat off-ramping costs that can reach around 2% and take several days.
RockawayX will manage the vault’s strategy through a conservative allocation across lending markets, institutional credit platforms and tokenised real-world asset products, while Kamino provides the underlying infrastructure.
“Our job is to underwrite every allocation properly and rebalance when conditions move,”
Said RockawayX head of onchain asset management, Nassim Alexandre.
The launch comes as Solana’s stablecoin supply reaches record levels, signalling a shift toward keeping capital onchain and earning yield rather than exiting into fiat during market downturns.
At the time of reporting, Solana price was $90.99.