MapleSYRUP

Maple generated $120.8M in gross revenue from Jan 2023 to May 2026 (1225 days), with $14.9M retained as net revenue. $1.9M accrued to SYRUP token holders. Its primary token utilities include Staking Rewards and Standard 1:1.

This averages $$98.6K in daily gross revenue across the tracked period.

SYRUP accrues value through 2 mechanisms: Buyback & Redistribute and Buyback & Hold.

• Buyback & Redistribute: Under MIP-019 and MIP-020, 25% of protocol revenue is allocated to the Syrup Strategic Fund which purchases SYRUP tokens on decentralized exchanges and OTC, then streams them via smart contract to stSYRUP holders proportionally on a continuous basis.
• Buyback & Hold: The Syrup Strategic Fund purchases and retains SYRUP tokens as protocol-owned assets to build the DAO balance sheet, with MIP-019 explicitly designed so Maple can operate independently and avoid dilutive fundraising in bear markets.

Yes, Maple burns or redistributes SYRUP tokens via Buyback & Redistribute, Buyback & Hold. In 2026, approximately $1.3M worth of value was returned to token holders through these mechanisms.

Yearly token holder distributions:

• 2026: $1.3M
• 2025: $615.4K

SYRUP serves 2 primary functions within the Maple ecosystem: Staking Rewards and Standard 1:1. The protocol generates fees from user activity, with a portion distributed back to SYRUP holders. Value flows back to token holders through Buyback & Redistribute and Buyback & Hold.

Token utilities:

• Staking Rewards: Stakers receive stSYRUP, an ERC-4626 vault token that accrues value from two sources: scheduled 5% annual token supply increases and SYRUP buybacks funded by 25% of protocol revenue, both streamed continuously on a block-by-block basis.
• Standard 1:1: Following MIP-019, both SYRUP and stSYRUP holders can vote on governance proposals through Snapshot with a 7-day voting window, where voting power is proportional to token holdings with no lockup or time multiplier required.

Value accrual mechanisms:

• Buyback & Redistribute: Under MIP-019 and MIP-020, 25% of protocol revenue is allocated to the Syrup Strategic Fund which purchases SYRUP tokens on decentralized exchanges and OTC, then streams them via smart contract to stSYRUP holders proportionally on a continuous basis.
• Buyback & Hold: The Syrup Strategic Fund purchases and retains SYRUP tokens as protocol-owned assets to build the DAO balance sheet, with MIP-019 explicitly designed so Maple can operate independently and avoid dilutive fundraising in bear markets.

In 2026, Maple generated $39.8M in gross revenue. Of that, $1.3M was distributed to token holders, $3.9M was retained as protocol revenue (treasury), $34.5M went to supply-side participants (e.g. liquidity providers).

Year-by-year revenue breakdown:

• 2026: $39.8M gross revenue — $1.3M to holders, $3.9M to protocol, $34.5M to supply-side
• 2025: $65.8M gross revenue — $615.4K to holders, $7.2M to protocol, $57.9M to supply-side
• 2024: $13.7M gross revenue — $1.6M to protocol, $12.1M to supply-side

Maple's gross revenue has decreased by 21.4% over the past 90 days compared to the prior 90-day period, from $30.4M to $23.9M.

• Recent 90d daily average: $268.7K/day
• Prior 90d daily average: $337.9K/day