MIP-019: Activate the SSF and Sunset Staking

Overview Maple Finance has seen tremendous growth over the previous 12 months and established itself as the clear leader in onchain asset management. With AUM growing >10x since SYRUP’s launch and the protocol now generating ~$20M in ARR from fees, the Maple team believes it is time to evolve our approach and ensure long-term sustainability.

MIP-019 proposes three changes: Activate the Syrup Strategic Fund (SSF) – Allocate 25% of ongoing protocol revenue to buybacks and building a robust DAO balance sheet.

Sunset SYRUP Staking Rewards – End the streaming of protocol revenue to stSYRUP holders.

Expand Governance Participation – Allow both SYRUP and stSYRUP holders to vote on future proposals.

Activate the Syrup Strategic Fund (SSF) MIP-019 proposes that 25% of protocol revenue is allocated to the SSF for buybacks and building a diversified balance sheet for all-weather conditions. In addition to being a tactical tool for strengthening SYRUP token liquidity, the SSF will ensure that over the long run, Maple can operate independently and sustainably, avoiding dilutive fundraising and forced selling in bear market environments.

Sunset SYRUP Staking MIP-019 proposes to sunset SYRUP rewards for stSYRUP holders immediately following the end of the current vesting period (currently streaming SYRUP from September buybacks). Staking was instrumental in bootstrapping the SYRUP ecosystem and aligning long-term holders. As the protocol matures, distributing revenue through staking is less efficient than reinvesting in liquidity and protocol strength.

Implementation Should MIP-019 pass, the following steps will be enacted:

Revenue Allocation: 25% of protocol revenue in Q4 2025 will be allocated to the SSF for buybacks, cash allocation, and building balance sheet. Sunset Staking: The existing onchain stream of SYRUP to stakers will end in November and no additional rewards will be streamed. Governance Eligibility: SYRUP and stSYRUP holders will both be able to participate in future community decisions.

Voting MIP-019 can be voted upon by stSYRUP holders, with the vote scheduled to go live on the 27th of October 2025 for 4 days.