Maple Finance proposes to use 20% of the agreement revenue to buy back SYRUP tokens and reward them to pledgers
On January 15th, DeFi protocol Maple Finance launched a new governance proposal, proposing to use 20% of the agreement fee revenue to repurchase SYRUP tokens in the market starting from Quarter 1, 2025, and then distribute them as rewards to SYRUP pledgers. The repurchases will come from DEX and OTC trading desks.
As of January 13, Maple's annual revenue from its on-chain lending service was approximately $5 million. By distributing the repurchased tokens to SYRUP stakers, the DAO rewards participants who are committed to the long-term health and development of the Maple ecosystem.