Maple Proposal MIP-013: Introduce a Fee Buyback Mechanism to Reward SYRUP Stakers

2025-01-15 10:35:56

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ChainCatcher news, according to the official announcement from Maple, governance proposal MIP-013 has been released, suggesting that 20% of the protocol revenue for Q1 2025 be used to repurchase SYRUP tokens and distribute them to SYRUP stakers (stSYRUP). This move aims to reward long-term stakers, strengthen the alignment of interests between the protocol and stakers, and enhance staking incentives.

Proposal highlights:

• The current annual revenue (ARR) of the Maple protocol is approximately $5 million, proposing to use 20% of Q1 revenue for monthly market repurchases of SYRUP.

• The repurchased SYRUP will be allocated to stSYRUP holders through a smart contract, expected to provide stakers with an annual yield of about 5.0%.

• 20% of the inflation supply will also be added to staking rewards, with the remaining 80% retained in the DAO treasury for other strategic projects.

Voting will open on January 20, 2025, and is limited to stSYRUP holders.

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Maple SYRUP Staker

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