BlockBeats news, on January 15, DeFi protocol Maple Finance initiated a new governance proposal, suggesting to use 20% of the protocol fee revenue to buy back SYRUP tokens from the market starting in the first quarter of 2025, and then distribute them as rewards to SYRUP stakers.

The buyback will come from DEX and OTC trading desks. As of January 13, Maple has generated approximately $5 million in annual revenue from its on-chain lending services. By distributing the repurchased tokens to SYRUP stakers, the DAO rewards those participants committed to the long-term health and development of the Maple ecosystem.

The buyback will complement the existing inflationary SYRUP releases as incentives for stakers. According to the proposal, stakers will receive 20% of new SYRUP releases, or about 1% of the total annual SYRUP supply. The proposal states that based on the current staking balance of SYRUP, the expected return rate of stSYRUP (from token releases) will be approximately 5.0% APY. The remaining 80% of the annual SYRUP release (or 4% of the total annual supply) will remain in the protocol's treasury.