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.
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