Maple proposal MIP-013: Introducing a fee buyback mechanism to reward SYRUP stakers

2025-01-15 02:58:16

Abstract generation in progress

On January 15th, PANews reported that governance proposal MIP-013 has now been released, proposing to use 20% of protocol revenue in Q1 2025 for the repurchase of SYRUP tokens and distribution to SYRUP stake holders (stSYRUP). The move aims to reward long-term stakers, strengthen the alignment of interests between the protocol and stakers, and increase stake incentives. Proposal highlights: • The current Annual Recurring Revenue (ARR) of Mapleprotocol is approximately $5 million, and it is proposed to use 20% of the Q1 revenue for monthly market buybacks of SYRUP. • The repurchased SYRUP will be distributed to stSYRUP holders through smart contracts, providing an estimated annual yield of approximately 5.0% for stakeholders. • 20% of the inflation supply will also be added to stake rewards, with the remaining 80% reserved in the DAO treasury for other strategic projects. Voting will open on January 20, 2025, and is limited to stSYRUP token holders.

SYRUP3.28%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes