Based on Biji Network, Maple Finance has approved the MIP-019 proposal, ending its staking program and introducing a token buyback mechanism for its SYRUP governance token. The move aims to enhance token sustainability and align the protocol with traditional credit markets. Protocol revenue will now be used to repurchase SYRUP from the open market, replacing the previous inflationary staking rewards. Maple’s total value locked (TVL) surged to over $3.1 billion in late October, attributed to increased activity from institutional liquidity providers. Analysts view the shift as a response to growing institutional interest in real-world assets (RWA), with Maple positioning itself as a bridge between DeFi and traditional financial assets.
Maple Finance Ends Staking, Launches Token Buybacks to Drive RWA-Backed Credit Model
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