• Ticker: SYRUP
• Network: Ethereum
• Category: DeFi, Lending
• Address: Etherscan

About SYRUP

SYRUP is the native token of Maple Finance, a decentralized credit platform that enables undercollateralized lending to institutions through on-chain credit pools. The SYRUP token replaces the legacy MPL token at a 1:100 ratio and introduces a revamped tokenomics model focused on protocol revenue sharing and governance. Token holders can stake SYRUP to receive a share of protocol-generated fees and emissions, participate in protocol governance, and align incentives with Maple’s long-term mission of building scalable, transparent capital markets on-chain.

Key Points

• Powers institutional credit markets through on-chain lending pools.
• Replaces MPL as Maple’s governance and staking token, with expanded utility and revamped tokenomics.
• Enables SYRUP holders to participate in protocol governance and earn rewards through staking.

FAQs

1. What is SYRUP used for?

SYRUP is used to participate in protocol governance and can be staked (as stSYRUP) to earn a share of protocol revenue and emissions. It incentivizes long-term alignment by rewarding holders who help govern and support the Maple ecosystem.

2. How does Maple Finance work?

Maple enables institutions to borrow from curated credit pools on-chain. Lenders provide capital; while credit delegates assess borrower risk, approve loans, and manage repayment terms. Loans are undercollateralized and underwritten off-chain, with settlement and tracking on-chain.

3. How can I buy SYRUP on Bitso?
   1. Log in to your Bitso account or sign up if you don’t have one.
   2. Go to “Buy/Sell” and select one of the available fiat currencies (MXN, ARS, BRL, COP, or USD) as your base.
   3. Choose SYRUP as the token you want to purchase.
   4. Enter the amount, review the details, and confirm your transaction.
   5. You can track the token’s performance directly in the app.

 Note: SYRUP is only available through conversions on Bitso. It is not supported on Bitso Alpha, and deposits/withdrawals to/from external wallets are disabled. However, you can send and receive SYRUP between Bitso users via Bitso Transfer.

Tokenomics 

• Total supply: ~1.2 billion SYRUP (inflationary, not capped).
• Staking: SYRUP can be staked for protocol rewards (via stSYRUP).
• Governance: Vote on key protocol upgrades, emissions, and fee structures.
• Emissions: Ongoing via staking rewards and “Drips” incentive program.

Example Use Case

An institutional lender supplies USDC to a Maple credit pool to earn yield. They also stake SYRUP to earn protocol rewards and participate in governance decisions such as protocol fees, emissions schedules, and delegate onboarding.

Disclaimer

This article is for informational purposes only and does not constitute financial advice. SYRUP is a governance and staking token, and its value is subject to market risks, protocol adoption, and governance outcomes. Bitso encourages users to conduct their own research (DYOR) before buying, holding, or selling any digital asset.