Maple Proposal MIP-013: Introducing a fee buyback mechanism to reward SYRUP stakers

PA一线｜2025-01-15 10:15

PANews reported on January 15 that according to Maple's official announcement, the governance proposal MIP-013 has been released, suggesting that 20% of the protocol revenue in the first quarter of 2025 be used to repurchase SYRUP tokens and distribute them to SYRUP stakers (stSYRUP). This move aims to reward long-term stakers, strengthen the interest binding between the protocol and stakers, and increase staking incentives.

Proposal highlights:

• Maple Protocol currently has an annualized revenue (ARR) of approximately $5 million and proposes to use 20% of Q1 revenue for monthly market repurchases of SYRUP.

• The repurchased SYRUP will be distributed to stSYRUP holders through smart contracts, and is expected to provide pledgers with an annualized yield of approximately 5.0%.

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

Voting will open on January 20, 2025 and will be open only to stSYRUP holders.

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