# MIP-021: A Rules-Based Buyback That Scales With Revenue

**URL:** <https://community.maple.finance/t/mip-021-a-rules-based-buyback-that-scales-with-revenue/1153>\
**Category:** Proposal Forum\
**Created:** [July 8, 2026, 1:41pm UTC](https://community.maple.finance/t/mip-021-a-rules-based-buyback-that-scales-with-revenue/1153 "2026-07-08T13:41:40Z")\
**Posts on this page:** 1\
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**Author:** ![maplefinance](https://avatars.discourse-cdn.com/v4/letter/m/d07c76/32.png) [@maplefinance](https://community.maple.finance/u/maplefinance)\
**Post date:** [July 8, 2026, 1:41pm UTC](https://community.maple.finance/t/mip-021-a-rules-based-buyback-that-scales-with-revenue/1153/1 "2026-07-08T13:41:40Z")

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**Overview**

Maple has continued to scale since the Syrup Strategic Fund (SSF) was activated under MIP-019 and extended under MIP-020. The SSF has three jobs: pursuing strategic opportunities, supporting token liquidity, and holding capital reserves and buybacks. Over that period, a portion of protocol revenue has been used to buy back SYRUP and build a durable DAO balance sheet.

Based on community feedback, MIP-021 replaces discretionary buyback allocation with a clear, rules-based model that scales the buyback directly with revenue.

MIP-021 proposes:

- Buybacks set as a percentage of monthly revenue, increasing as revenue scales:

- All SSF buybacks will be executed after each month-end, once the revenue figure is finalised.

- SYRUP purchased through these buybacks will live within the SSF.

- Buyback details will be included in the Transparency page.

- The framework applies for six months.

**A Rules-Based Buyback**

To make buybacks predictable and directly tied to Maple’s performance, MIP-021 introduces a tiered, revenue-based model. The buyback rate steps up as revenue grows: 10%, 20%, then 30%, so the stronger Maple’s monthly revenue, the greater the share directed to buying back SYRUP. This replaces discretion with a clear, verifiable rule.

**Transparency**

Every SSF buyback will be executed after month-end once revenue is finalised, with the details reflected on the Transparency page, so the community can verify each month’s activity.

**Implementation**

Should MIP-021 pass, the following will be enacted:

- Buyback Rate: set by the monthly revenue band. 10% under $1.5M, 20% from $1.5M – $2.0M, and 30% above $2.0M.

- Execution: buybacks performed after each calendar month-end, once the revenue number is finalised.

- Reporting: buyback details posted on X and added to the Transparency page.

- Duration: the framework applies for six months.

**Voting**

MIP-021 can be voted on by all SYRUP holders, with the vote scheduled to go live on July 13, 2026 and remain open for 4 days until July 17, 2026.

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_[View the full topic](https://community.maple.finance/t/mip-021-a-rules-based-buyback-that-scales-with-revenue/1153)._