On January 15th, Maple Finance, a DeFi protocol, initiated a new governance proposal suggesting to use 20% of the protocol fee revenue to buy back SYRUP tokens on the market starting from the first quarter of 2025, and then distribute them as rewards to SYRUP stakers. The buyback will come from both DEX and OTC trading desks. As of January 13th, Maple's annual revenue from its on-chain lending service is around $5 million. By distributing the bought-back tokens to SYRUP stakers, the DAO rewards those who are committed to the long-term health and development of the Maple ecosystem.
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Maple Finance proposes to use 20% of the protocol revenue to repurchase SYRUP tokens and reward them to stakers
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