Maple Finance is taking a major step toward long-term sustainability as its community supports a proposal to phase out SYRUP staking and transition to a revenue-based buyback system.
According to Snapshot data, the MIP-019 proposal, introduced on October 28, has received over 91% approval from the Maple (SYRUP) community, with voting set to conclude on October 31.
From Staking Rewards to Revenue Buybacks
If passed, MIP-019 will end all stSYRUP staking rewards in November, marking Maple’s move away from distributing streaming rewards to token holders. Instead, 25% of all protocol revenue will be directed into the Syrup Strategic Fund — a treasury dedicated to buying back tokens, supporting liquidity, and strengthening the DAO’s balance sheet.
The protocol’s assets under management have surged more than tenfold over the past year to approximately $4 billion, driven by strong institutional adoption. With monthly fee income now exceeding $1 million, Maple says staking incentives have fulfilled their early growth purpose. The next phase centers on stability, reduced inflation, and tighter alignment between SYRUP’s value and Maple’s actual business performance.
By replacing emissions with buybacks, Maple will introduce a deflationary mechanism, curbing token inflation and anchoring SYRUP’s price to tangible cash flows. Analysts view the change as a natural progression for Maple as it evolves into an institutional-grade credit marketplace, where token value reflects protocol fundamentals rather than yield-driven incentives.
Governance and Product Expansion
MIP-019 also maintains governance participation for both SYRUP and stSYRUP holders, ensuring that voting power remains closely tied to token ownership.
Beyond governance reform, Maple continues to broaden its product suite. The platform’s SyrupUSDC is set to launch on Aave (AAVE) soon, and a Bitcoin liquid staking token (lstBTC) is slated for release in 2026. Meanwhile, Maple’s SyrupUSDC and SyrupUSDT vaults demonstrated resilience during October’s market volatility, underscoring the robustness of its lending framework.
If approved, MIP-019 will officially retire staking rewards, implement token buybacks, and link SYRUP’s value directly to Maple’s revenue, marking a pivotal evolution in the project’s growth and sustainability strategy.
