MapleSYRUP

Maple generated $195.4M in gross revenue from Jan 2022 to Sep 2026 (1695 days), with $26.0M retained as net revenue. $4.9M accrued to SYRUP token holders. Its primary token utilities include Staking Rewards and Standard 1:1.

This averages $$115.3K 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 $2.0M worth of value was returned to token holders through these mechanisms.

Yearly token holder distributions:

• 2026: $2.0M
• 2025: $2.9M

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 $74.9M in gross revenue. Of that, $2.0M was distributed to token holders, $7.6M was retained as protocol revenue (treasury), $65.3M went to supply-side participants (e.g. liquidity providers).

Year-by-year revenue breakdown:

• 2026: $74.9M gross revenue — $2.0M to holders, $7.6M to protocol, $65.3M to supply-side
• 2025: $71.0M gross revenue — $2.9M to holders, $9.5M to protocol, $58.7M to supply-side
• 2024: $15.4M gross revenue — $2.8M to protocol, $12.5M to supply-side

Maple's gross revenue has increased by 6.6% over the past 90 days compared to the prior 90-day period, from $24.3M to $26.0M.

• Recent 90d daily average: $291.7K/day
• Prior 90d daily average: $270.5K/day