Maple Finance has activated MIP-021, a governance-approved buyback program that scales the share of monthly protocol revenue used to repurchase SYRUP tokens based on how much the protocol earns.
The tiered structure allocates 10% of monthly revenue below $1.5 million to buybacks, 20% from $1.5 million to $2 million, and 30% above $2 million. The program runs for six months, with all repurchases logged on Maple's Transparency page. SYRUP holders voted on the proposal through the governance forum.
Maple is a lending protocol that generates revenue through origination fees on institutional loans. The buyback mechanism ties token repurchases directly to protocol economics rather than setting a fixed dollar amount or percentage, meaning buyback volume will fluctuate with earnings. The program represents an alternative capital allocation to retained earnings or token distributions.
All repurchases will be posted publicly on Maple's Transparency page, making the buyback activity auditable by token holders. The six-month sunset clause requires the protocol to revisit the program before renewal. Maple's current monthly revenue of approximately $1.22 million places it in the lowest buyback tier, according to the protocol's official dashboard.
Tokenholders voted to approve the proposal through Maple's community governance process, with the vote documented in MIP-021 on the governance forum.
