Quick update 🚨
@Maple Finance Official executed a market buyback of 2 million $SYRUP tokens using 25% of the protocol’s November revenue—approximately $500k.
This buyback contributed to an increase in $SYRUP’s market capitalization and supported a price movement from $0.24 to $0.275.
The key objectives behind this initiative, and the broader ongoing buyback program, are to:
🔸 reduce circulating supply and ensure that protocol revenue growth directly drives token value,
🔸 reward long-term holders through increased scarcity and potential price appreciation,
🔸 strengthen the DAO’s balance sheet, enhancing its ability to operate independently.
At the current revenue rate, more than 2% of the total token supply could be removed from circulation annually—likely even higher as protocol revenue continues to grow.
