Appreciate the thoughtful feedback from the community — MIP-019 is about evolving from short-term yield to long-term protocol strength and value for all SYRUP holders.
Staking helped bootstrap participation early on, but with <40% of holders now staking, the impact of rewards has diminished. Instead of streaming yield to a minority of holders, MIP-019 directs value into a DAO-owned treasury that strengthens the entire ecosystem.
Key benefits for SYRUP holders:
- DAO Treasury Growth – 25% of revenue builds a balance sheet (SYRUP, stables, BTC) that belongs to token holders.
- Sustainable Value – assets can be used for buybacks, yield generation, and future growth—without dilution.
- Buybacks Continue – SSF will still purchase SYRUP, but these tokens are held, not sold, strengthening liquidity.
- Future Governance – both SYRUP and stSYRUP holders gain a voice in how the SSF and protocol evolve.
In short, MIP-019 transitions Maple from distributing short-term emissions to compounding long-term value.