Maple Finance proposes to use 20% of protocol revenue to buy back SYRUP tokens and reward them to stakers
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2025-01-15 10:02 3,551
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According to news on January 15, DeFi protocol Maple Finance launched a new governance proposal, proposing to use 20% of the protocol fee income to repurchase SYRUP tokens in the market starting from the first quarter of 2025, and then distribute them as rewards to SYRUP pledgers. Buybacks will come from DEX and OTC trading desks.
As of January 13, Maple’s annual revenue from its on-chain lending service was approximately $5 million. By distributing repurchased tokens to SYRUP stakers, the DAO rewards those participants who are committed to the long-term health and development of the Maple ecosystem.