According to BlockBeats, on January 15, DeFi protocol Maple Finance launched a new governance proposal, proposing to repurchase SYRUP tokens on the market starting from the first quarter of 2025 and then distribute it to SYRUP stakeholders as rewards.
The repo will come from the DEX and OTC transaction counters. As of January 13, Maple is raising approximately $5 million in annual revenue from its on-chain lending services. By distributing the repurchased tokens to SYRUP stakeholders, DAO rewards those participants who are committed to the long-term health and development of the Maple ecosystem.
Repurchases will complement existing inflationary SYRUP to release incentives for stakeholders. Under the proposal, the stakeholder will receive 20% of the new SYRUP release, or about 1% of the total SYRUP supply per year. The proposal says that based on the balance of the current staked SYRUP, the estimated rate of return (from the token release) of stSYRUP will be approximately 5.0% APY. The remaining 80% of annual SYRUP releases (or 4% of total annual supply) will remain in the agreement’s treasury.