The time has finally come! We’re thrilled to announce that the launch of the SYRUP token will be taking place on the 13th of November.
The Maple ecosystem has grown 10x over the last year, and the launch of Syrup protocol has contributed to growth in the number of lenders, embedded Syrup’s institutional yield throughout DeFi, and expanded the Maple borrower network.
The launch of SYRUP token and SYRUP staking further catalyzes the growth of the wider Maple ecosystem and enables our community to directly benefit from the fastest growing institutional DeFi platform.
Fee revenues generated from Maple’s and Syrup’s lending operations will be used to buy back the SYRUP token, which will form part of the token emissions that go to stakers.
In the first 90 days after token launch, a fixed amount of SYRUP emissions will go to SYRUP stakers, ensuring that all early stakers are incentivised with staking yield for participating actively in the growth of the protocol.
Existing MPL holders will be able to immediately one-click convert from MPL into staked SYRUP token and begin earning rewards from the growth of the Maple ecosystem.
Details with regard to the conversion, including which exchanges we will be working with and the process for conversion, will be announced in the coming days.
We’re excited to build on Maple and Syrup’s recent growth by strengthening and expanding the community through the launch of SYRUP token!
For more detailed information on Maple and Syrup, visit our Gitbook pages.
Disclaimer: please note that Syrup is not available in the US or Australia.
straight to your inbox