Maple Finance proposes to use 20% of the protocol revenue to repurchase SYRUP tokens and reward them to stakers
On January 15th, DeFi protocol Maple Finance initiated a new governance proposal. The proposal suggests that starting from the first quarter of 2025, 20% of the protocol fee income will be used to buy back SYRUP tokens on the market and then distribute them as rewards to SYRUP stakers. The repurchase will come from DEX and OTC trading counters.
As of January 13th, Maple's annual revenue from its on-chain lending service is approximately $5 million. By distributing the repurchased tokens to SYRUP stakers, DAO rewards those who are committed to the long-term health and development of the Maple ecosystem.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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