Maple Finance Transitions from SYRUP Staking to Buyback Model

Maple Finance to end SYRUP staking

Maple Finance is making a significant move towards sustainability. The community has backed a proposal to discontinue SYRUP staking and adopt a revenue-driven buyback approach.

Maple Finance plans to conclude its staking rewards for the SYRUP token, embracing a new strategy designed to promote long-term stability and align the token's value with the project's revenue.

Key Takeaways

The MIP-019 proposal, supported by over 91% of the Maple (SYRUP) community, will end SYRUP staking rewards in November.
25% of all protocol revenue will fund the Syrup Strategic Fund for token buybacks, enhancing liquidity and maintaining a stable DAO balance sheet.
The shift to buybacks aims to reduce inflationary pressure on SYRUP and make its value more reflective of the protocol's fundamentals.
Community governance will remain tied to token ownership, allowing both SYRUP and stSYRUP holders to vote on future decisions.
Maple continues to expand its offerings, with priority on reliability showcased during market fluctuations.

Transition from SYRUP Staking to Token Buybacks

With the approval of the MIP-019 proposal, all stSYRUP staking rewards will conclude in November, signaling a shift from distributing streaming revenue to token holders. Going forward, 25% of all protocol revenue will be allocated to the newly established Syrup Strategic Fund, which aims to facilitate token buybacks, improve liquidity, and strengthen a stable DAO balance sheet.

In the past year, Maple has increased its assets under management by more than tenfold, reaching around $4 billion. The team believes that staking has fulfilled its role in kickstarting the ecosystem. As the platform matures and consistently generates income—now averaging over $1 million monthly—the focus is now on building "all-weather" resilience, aligning token value with real business outcomes.

By substituting emissions with buybacks, the end of staking rewards will diminish inflationary pressures on the supply of SYRUP, leading to a deflationary impact. Analysts suggest that this move represents Maple's shift towards becoming an institutional-grade credit marketplace, where token performance reflects the core principles of the protocol rather than merely yield-driven incentives.

Governance and Product Development

The MIP-019 proposal will also empower both SYRUP and stSYRUP holders to participate in voting for future decisions, promoting community engagement and linking governance to token ownership.

Maple Finance is expanding its product offerings, with SyrupUSDC scheduled to be available on Aave Aave aave-1.86% Aave and plans to introduce a Bitcoin liquid staking token (lstBTC) in 2026. Throughout October's market volatility, Maple’s SyrupUSDC and SyrupUSDT vaults remained stable, underscoring the reliability of the protocol's lending model.

The approval of MIP-019, which will discontinue staking rewards and enable buybacks while tying SYRUP’s value to actual revenue, marks a pivotal advancement for Maple Finance.