On the back of Maple Finance’s $1 billion total-value locked (TVL) milestone last month, the DeFi protocol is launching a half million dollar incentives program for the month of May, per a press release shared with The Defiant. The protocol currently holds the 10th spot in terms of TVL on lending protocols, at almost $724 million. The program will go live at 9 a.m. ET today, May 1, and will last until May 31. To be eligible, users must mint a minimum of $1,000 in SyrupUSDC, the protocol’s yield-bearing stablecoin, and hold it for six months. The odds of winning are increased based on the total amount of SyrupUSDC minted. There will be 14 different prizes distributed to winners, and the grand prize will be $300,000 USDC. Winners will be announced in November, the release notes. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io