Maple’s SYRUP Stakers Vote to End Staking Rewards, Launch DAO Treasury

Why It Matters

Maple positions the move as a path to sustainable, non‑dilutive financing as it matures in the DeFi lending market.

Summary

Maple Finance’s SYRUP stakers voted overwhelmingly—over 99% of voting power—to end staking rewards and allocate 25% of ongoing protocol revenue to a newly created Syrup Strategic Fund (SSF). The SSF will serve as a DAO treasury holding SYRUP, Bitcoin and stablecoins for token buybacks and other initiatives, with rewards to stSYRUP holders ending in November after the current vesting period. The shift follows rapid growth—AUM up more than ten‑fold, $20 million annual recurring revenue and $3.3 billion TVL—making revenue reinvestment more efficient than reward distribution. Maple positions the move as a path to sustainable, non‑dilutive financing as it matures in the DeFi lending market.