Maple Finance is transitioning away from SYRUP staking rewards to a new revenue-driven buyback model, following overwhelming community support for the MIP-019 proposal.
The proposal, unveiled on October 28, 2025, and set to close voting on October 31, received over 91% approval from the SYRUP community via Snapshot.
Under the new plan, all stSYRUP staking rewards will end in November 2025, and 25% of all protocol revenue will be redirected to the Syrup Strategic Fund for token buybacks, aimed at boosting liquidity, reducing inflationary pressure, and creating a deflationary effect on SYRUP's supply.
Maple's assets under management have grown by over 10x in the past year to roughly $4 billion, with monthly fee income now averaging over $1 million.
Total value locked (TVL) surged above $3.1 billion in late October, the highest since 2022, reflecting increased institutional activity in real-world assets (RWA).
Governance has been expanded to include both SYRUP and stSYRUP holders, enabling broader community participation in future decisions.
Analysts describe the shift as ultra-bullish, as it links token value directly to protocol fundamentals and enhances long-term sustainability in the evolving DeFi credit market.
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