Another new market is live on @KaminoFinance: "Maple Market" featuring $SyrupUSDC from @syrupfi.
SyrupUSDC yields a 6.5% APY paid by borrowers on Maple as well as drips on top ($SYRUP rewards).
Currently, $USDG from Paxos can be borrowed at just 1.38% due to $USDG rewards to borrowers.
Max LTV on SyrupUSDC is 0.75 (and liquidation LTV at 0.8) which means that the position can be looped up to a total APY of nearly 30% at 0.75 LTV on the position.
This assumes that drip rewards equate to an additional 2% APY on SyrupUSDC.
Keep in mind that both the APY and borrowing costs fluctuate.
Disclaimer: Kamino is a partner of On Chain Times.
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