Maple Finance Proposes MIP-018 for Increased SYRUP Buybacks
- Maple Finance proposes to increase buyback allocation for SYRUP tokens.
- New buyback starts Q3 2025, raising allocation to 25%.
- Proposal aims to deepen governance alignment and staker participation.
Maple Finance has proposed MIP-018, increasing protocol fee revenue allocation for SYRUP token buybacks to 25%, starting in Q3 2025, as announced on their official governance forum.
The proposal aims to boost governance participation and staker rewards, evidenced by an 8% SYRUP price surge post-announcement, signaling market approval.
Maple Finance proposes MIP-018, aiming to allocate 25% of protocol fee revenue for SYRUP token buybacks. Previous buybacks at 20% were successful.
Maple’s core contributors published MIP-018, with stSYRUP holders controlling the governance process. Buyback distribution will begin in Q3 2025.
SYRUP surged 8% post-announcement, indicating positive market reaction. Protocol’s total value locked now exceeds $3 billion.
The buyback proposal aligns investor incentives with protocol success, impacting SYRUP and stSYRUP tokens primarily.
Previous buybacks used approximately $830k in USDC to acquire roughly 3.5 million SYRUP. The transaction history supports the potential for further price appreciation.
Regulatory observations remain absent, ensuring Maple’s decentralized governance autonomy. Historical trends in similar DeFi buybacks suggest positive outcomes for long-term token holders.
As Sid Powell, Co-founder & CEO of Maple Finance, stated: “MIP-018 proposes to allocate 25% of protocol fee revenue from Q3 2025 to buyback $SYRUP tokens and distribute these as rewards to stakers…”
