On January 15, the DeFi protocol Maple Finance initiated a new governance proposal, proposing to use 20% of protocol fee revenue to repurchase SYRUP tokens on the market starting from the first quarter of 2025, and then distribute them to SYRUP stakers as rewards.

The repurchase will come from DEX and OTC trading desks. As of January 13, Maple’s annual revenue from its on-chain lending services was approximately US$5 million. By distributing the repurchased tokens to SYRUP stakers, the DAO rewards participants who are committed to the long-term health and development of the Maple ecosystem.

The repurchase will supplement the existing inflationary SYRUP release incentives for stakers. According to the proposal, stakers will receive 20% of the new SYRUP release, or about 1% of the total SYRUP supply each year. The proposal states that based on the current balance of staked SYRUP, the projected return on stSYRUP (from token releases) will be approximately 5.0% APY. The remaining 80% of annual SYRUP releases (or 4% of total supply per year) will remain in the protocol’s treasury.

More Information available in: https://cooldragon.io/