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12h ago

Maple Finance Moves to End SYRUP Staking as Vote Shows 91% Backing

The plan would route a quarter of protocol revenue to a new fund for token buybacks to tie SYRUP’s value more closely to Maple’s fee income.

DeFi giant Maple Finance proposes a token buyback - Will it boost SYRUP?
Maple

Overview

  • A Snapshot vote on MIP-019 is open through Oct. 31 and currently shows more than 91% community support for shifting from staking rewards to a buyback model.
  • If adopted, all stSYRUP staking rewards and revenue sharing would cease by November, replacing emissions with purchases funded by protocol revenue.
  • The Syrup Strategic Fund would receive 25% of revenue to buy back SYRUP, build liquidity, and strengthen the DAO balance sheet, though execution details have not been disclosed.
  • Governance participation would expand so both SYRUP and stSYRUP holders can vote on future decisions.
  • Maple reports roughly $4 billion in AUM, an active loan book near $2.1 billion, and H2 2025 revenue averaging over $1 million per month, while on-chain data shows declining exchange supply of SYRUP since July; product updates include a planned SyrupUSDC listing on Aave and a Bitcoin liquid staking token targeted for 2026.