Today, we’re excited to print the results of Drip Rewards Season One and announce the start of Season Two.

Early participants in the Drips rewards program received up to a combined 38.3% APY in yield and Drip rewards.

While capital commitments had a significant impact on rewards accrued, the compounding effect of daily Drip rewards also contributed to a noteworthy boost to total APY for the first month of Syrup.

As a whole, lenders earned 17.2% net APY in USDC terms, with an average yield pickup of 14.8% from Drips, depending on commitment and other boosts.

Drips yields are based on the value of MPL on July 31st at 12PM ET.

Leading up the launch of SYRUP token, the Drips rewards campaign has been designed to boostrap the growth of the Syrup protocol, while incentivising early user participation and long-term engagement.

With the launch of SYRUP token in Q4, there is still time to accrue Drips and earn consistent high yield.

Deposit now to maximise your Drips.
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