Maple Finance Expands Product Line, Enhances Governance, and Boosts Staking Rewards
Maple Finance, a prominent decentralized lending platform, has revealed significant advancements. It's broadening its product range, fortifying governance, and modifying its staking rewards. The protocol will introduce a Bitcoin liquid staking token and grant more voting power to token holders.
Maple Finance is set to launch a Bitcoin liquid staking token (lstBTC) in 2026, expanding its product offerings. This move follows the platform's growth, with assets under management reaching approximately $4 billion in the past year.
The protocol is also bolstering its governance. The MIP-019 proposal, approved by 91% of the community, ends SYRUP staking and transitions the protocol away from streaming revenue to token holders. This change enables both SYRUP and stSYRUP holders to vote on future decisions, giving them more influence over the platform's direction.
Maple Finance is establishing the Syrup Strategic Fund to manage 25% of all protocol revenue. This fund will be used for token buybacks and bolstering liquidity. The aim is to create a stable DAO balance sheet, reducing inflationary pressure on SYRUP's supply and creating a deflationary effect.
In another development, Maple Finance is partnering with Lido to unlock stablecoin credit lines. While there's no specific information about the stablecoin partner, Maple Finance is renowned for its collaborations in the DeFi space.
The MIP-019 proposal to end staking rewards will be finalized on October 31. With these changes, Maple Finance is poised to enhance its governance, expand its product line, and fortify its financial position. The platform's growth and these strategic moves indicate a promising future for Maple Finance and its community.
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