Maple Finance Governance Update: SYRUP Buyback Proposal Exceeds Quorum

🍁 SYRUP Holders Just Flipped...

By Maple
Feb 6, 2025, 5:39 PM
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Maple Finance's MIP-013 governance proposal has achieved significant support, reaching 328% of required quorum.​ The proposal introduces:

  • 20% of Q1 revenue allocated for $SYRUP token buybacks
  • Distribution of bought tokens to $SYRUP stakers
  • New fee buyback mechanism leveraging revenue growth

The initiative aims to reward long-term ecosystem participants.​ Voting remains open for additional proposals regarding Maple Strategies.​

Key Achievement: 328% quorum reached Next Steps: Community members can still participate in ongoing strategy proposals

Sources

MIP-013 Governance Proposal is Live 🏛️ A new fee buyback mechanism was introduced on the back of Maple's strong revenue growth: 🔸 20% of revenue for token buy backs in Q1 🔸 Distributed to $SYRUP stakers 🔸 Rewarding long-term participating in Maple ecosystem Link below ⬇️

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