Leading Solana staking service provider Marinade Finance has partnered with RockawayX and Kamino Finance to launch a USDC savings vault offering an annual yield of up to 6%. The product allows users to seamlessly convert staked SOL into yield-generating USDC, addressing the high fees and lengthy waiting periods associated with traditional withdrawal methods. RockawayX will implement robust yield strategies in lending and credit markets, while Kamino provides the underlying infrastructure. The product launch reflects a widespread trend among cryptocurrency users to keep their wealth on-chain in stablecoin form during periods of market uncertainty, while Solana's stablecoin supply has also reached new highs.

SOL0.46%
USDC-0.01%
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