A lesser-known DeFi token, SYRUP, from Maple Finance, is bucking the current crypto market downturn. Its price is up, defying the overall market trend.
SYRUP’s Unexpected Rise
Currently trading at $0.475, SYRUP has seen a 7.95% increase in the last 24 hours. This surge follows a new proposal aimed at boosting rewards for those who stake their tokens.
Boosting Staking Rewards
Maple Finance has put forward a proposal (MIP-018) to increase the percentage of protocol revenue used for buying back SYRUP tokens. The plan is to raise this from 20% to 25%, starting in Q3 2025. These buybacks will then be distributed as rewards to SYRUP stakers.
The proposal builds on previous successful buyback programs and aims to strengthen the Maple Finance ecosystem by rewarding long-term commitment and encouraging community engagement. The more SYRUP you stake, the more rewards you’ll receive.
A Win-Win for Stakers
Maple Finance believes this strategy will benefit the community by:
- Increasing staking incentives.
- Rewarding loyal stakers.
- Strengthening the token’s overall value.
Disclaimer:
This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies. Investing in crypto carries significant risk./p>