Maple Finance ends SYRUP staking and adopts buyback model
Maple Finance is taking a major step toward sustainability as its community backs a proposal to end SYRUP staking and shift to a revenue-driven buyback model.
- Maple Finance ends SYRUP staking after 91% community approval.
- 25% of revenue redirected to token buybacks via Syrup Strategic Fund.
- Governance expands to include all SYRUP and stSYRUP holders.
Maple Finance is preparing to end staking rewards for its SYRUP token under a new plan aimed at creating long-term stability and linking the token’s value directly to the project’s revenue.
According to Snapshot, the MIP-019 proposal unveiled on Oct. 28 already shows over 91% support from the Maple ( SYRUP ) community. The vote will close on Oct. 31.
From SYRUP staking rewards to token buybacks
The approval of MIP-019 will end all stSYRUP staking rewards in November, marking the protocol’s transition away from streaming revenue to token holders. Instead, 25% of all protocol revenue will now fund the newly formed Syrup Strategic Fund, a treasury designed to buy back tokens, boost liquidity, and build a stable DAO balance sheet.
Maple, which has grown its assets under management by over 10x in the past year to roughly $4 billion, argues that staking has served its purpose in bootstrapping the ecosystem. As the platform matures and generates consistent fee income, now averaging over $1 million per month, the focus is shifting toward “all-weather” resilience and aligning token value with tangible business results.
By replacing emissions with buybacks, ending staking rewards also reduces inflationary pressure on SYRUP’s supply, creating a deflationary effect. Analysts say the change reflects Maple’s evolution into an institutional-grade credit marketplace, where token performance mirrors protocol fundamentals rather than yield-driven incentives.
Governance and product expansion
The proposal also allows both SYRUP and stSYRUP holders to vote on future decisions. This makes community participation easier and keeps governance linked to token ownership.
With SyrupUSDC scheduled to list on Aave ( AAVE ) and plans to introduce a Bitcoin liquid staking token (lstBTC) in 2026, Maple has been expanding its product line. Maple’s SyrupUSDC and SyrupUSDT vaults remained stable during October’s market turbulence, showing the reliability of the protocol’s lending model.
The passage of MIP-019, which would terminate staking rewards, implement buybacks, and link the value of SYRUP to actual revenue, would be a significant step for Maple Finance.
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.
You may also like
The AI boom may follow the path of the 19th-century railway bubble, and builders may not be the ultimate winners
Goldman Sachs analyst Bobby Molavi compared the current situation to the 19th-century British railway mania: 500 companies spent more than the nation's annual income building 8,000 miles of railway, with most early investors losing out, while the real beneficiaries were the later "passengers." He pointed out that the current AI craze is driven by both debt and momentum, and that the S&P 500’s forward P/E ratio of 18x is only "a bit cheaper." Whether the builders can retain value is uncertain, and history does not offer an optimistic answer.
If Anthropic's IPO goes smoothly and the stock price rises next week, then everything remains the same for AI. Otherwise, some companies will go bankrupt.
The shrinking valuations of two major giants have triggered a chain reaction—investors are adopting more conservative revenue multiples for AI startups and are directly halting high-valuation financing for companies with zero revenue. Multiple venture capital firms have advised their portfolio companies to lower valuation expectations and to quickly build up cash reserves. Market participants warn that the outcome of Anthropic’s IPO will be a barometer for the industry: if successful, the boom will continue; if it fails, some companies may face elimination.
After the Brazilian election, political discount deepens; Morgan Stanley remains bullish on Petrobras (PBR.US), focusing on fuel pricing and dividends
Morgan Stanley still maintains its most optimistic "Overweight" rating, but has lowered its year-end 2027 target price from $31 to $25.
Corning (GLW.US) receives initial "Buy" rating from Jefferies! AI factories driving a fiber optic rush, with a potential global supply gap of up to 30%
For Corning, the recent profit growth mainly comes from the expansion of AI clusters. As the number of optical links crossing cabinets and campuses increases, customers need to deploy more optical fibers within limited conduit and cabinet space, thus driving demand for high-density optical cables and connection systems.
Crypto prices
More
