Maple Finance is taking a big step toward sustainability as the community supports a proposal to end SYRUP cessation and move to a revenue-based repurchase model.
Summary
- Maple Finance ends SYRUP deployment after 91% community approval.
- 25% of sales will be diverted to token repurchases through the Syrup Strategic Fund.
- The board extends to all SYRUP and stSYRUP holders.
Maple Finance is preparing to stop staking rewards on its SYRUP token under a new plan aimed at creating long-term stability and tying the token’s value directly to the project’s revenue.
According to Snapshot the MIP-019 proposal unveiled on October 28, already showing over 91% support from the Maple (SYRUP) community. Voting closes on October 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 from streaming revenue to token holders. Instead, 25% of all protocol revenues will now fund the newly formed Syrup Strategic Fund, a treasury designed to buy back tokens, increase liquidity, and build a stable DAO balance sheet.
Maple, which has grown its assets under management more than 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 revenue, now averaging more than $1 million per month, the focus shifts to all-weather resilience and aligning symbolic value with tangible business results.
By replacing issuance with buybacks, ending strike rewards also reduces inflationary pressure on SYRUP’s supply, creating a deflationary effect. Analysts say the change reflects Maple’s evolution into an institutional-quality credit marketplace, where token performance reflects fundamental protocols 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.
Now that SyrupUSDC is listed on Aave (AAVE) and there are plans to introduce a Bitcoin liquid staking token (lstBTC) in 2026, Maple has expanded its product line. Maple’s SyrupUSDC and SyrupUSDT vaults remained stable during October’s market turbulence, demonstrating the reliability of the protocol’s lending model.
The passage of MIP-019, which would end incentive cessation, implement buybacks, and tie SYRUP’s value to actual earnings, would be an important step for Maple Finance.
