Maple Finance Shifts from SYRUP Staking to Buyback Model in Sustainability Push
Maple Finance has secured overwhelming community support to overhaul its tokenomics, with 91% of SYRUP holders approving the transition from staking rewards to a revenue-driven buyback system. The MOVE signals DeFi's maturation as protocols prioritize sustainable value capture over inflationary incentives.
Effective November, 25% of protocol revenue will fund strategic SYRUP repurchases through a newly established treasury. The shift comes as Maple's institutional lending platform now generates over $1 million monthly fees, with assets under management ballooning to $4 billion—a tenfold increase year-over-year.
Governance rights will expand to all SYRUP and stSYRUP holders, decentralizing control as the protocol evolves. The decision reflects a broader industry trend where successful DeFi projects replace temporary bootstrap mechanisms with economically viable token utility models.
